Intimation of Receipt of Order
Price
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Awaiting price reaction for this filing.
Sharika Enterprises has received an order worth Rs. 9,92,115 (approximately Rs. 9.92 lakhs) from Ircon International Limited, a Government of India Undertaking. The order is for supply, installation, testing and commissioning of a SCADA Integration system at TCR Banihal for operating the existing switchyard of Tunnel T-80 on SCADA system. The contract is domestic in nature and must be completed within 45 days. The order is not a related party transaction and there is no promoter group interest in the awarding entity.
This is a small-value routine order (under Rs. 10 lakhs) from a government PSU, indicating ongoing business activity but unlikely to materially move the stock. Shareholders should view it as a minor positive for the order book rather than a significant earnings driver.