Intimation of receipt of order from Larsen and Toubro Limited
Price
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Sharika Enterprises Ltd has received a purchase order from Larsen & Toubro Limited for the supply of GPRS Modem. The order is for the DES-Varanasi-SCADA Smart Technology Integration Project, valued at Rs. 1,03,63,232 (approximately Rs. 1.04 crore). This is a domestic order, and the delivery is to be completed by 30th December 2026. The company confirmed that neither promoters nor related parties have any interest in L&T, and this is not a related party transaction.
This is a positive development as the company secures a contract from a reputable client like L&T. However, the order size of about Rs. 1 crore is relatively modest, and without revenue figures, it is difficult to assess its material impact on the company's financials.