Intimation of Receipt of order
Price
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Awaiting price reaction for this filing.
Sharika Enterprises Ltd has received an order from Sarthak Enterprises for the supply of 11 KV Sectionalizers intended for DGVCL (Dakshin Gujarat Vij Company Limited), Surat — a Gujarat state-owned power distribution utility. The order is valued at Rs. 2,82,90,000 (approximately Rs. 2.83 crore) and is to be executed within 10–12 weeks. The contract is domestic in nature, with no promoter group interest in the awarding entity and no related party involvement. The end-use is for a government power distribution company.
This is a modest-sized new order from a state utility-related buyer that adds to the company's order book and reinforces its presence in the power distribution equipment space. The size is unlikely to materially move the stock, but it signals continued business activity in the government power sector.