Sharika Enterprises Secures Order from NTPC for Solar Street Lights
Filing Summary
Sharika Enterprises Ltd has received an order from NTPC Limited for the procurement, installation, and commissioning of LED-based solar-operated street lights. The project is valued at approximately Rs. 50 lakh and will be executed in villages surrounding NTPC Talcher Kaniha. The contract specifies a six-month period for supply and installation, followed by a 60-month annual maintenance contract. This order does not involve any related party transactions, and there is no interest from the promoter group in NTPC Limited.
Sharika Enterprises Ltd has announced the receipt of an order from NTPC Limited for the procurement, installation, and commissioning of LED-based solar-operated street lights. The total consideration for this contract is Rs. 50,03,822.
The project involves the installation of solar street lights in various villages surrounding NTPC Talcher Kaniha. The contract specifies a time frame of six months for the supply and installation of the street lights. Additionally, there is a 60-month annual maintenance contract included in the agreement.
This order was awarded by a domestic entity, NTPC Limited, and does not constitute a related party transaction. There is no interest from the promoter or promoter group of Sharika Enterprises in NTPC Limited.
NTPC Limited is a major player in the power generation sector, focusing on the development and operation of power plants across India. The company is involved in various initiatives to enhance energy efficiency and sustainability.
Sharika Enterprises Ltd specializes in providing engineering and technology solutions, particularly in the energy sector. The company focuses on expanding its service offerings and executing projects that align with sustainable energy practices.