Intimation of receipt of order from Power Grid Corporation of India Limited

Government or defence orderBusiness Updates View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-0.8%Reaction day

₹11.36

prior close

₹11.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-2.2%+1.4% vs market

Trading & Distributors peers, median of 131sector-2.3%+1.5% vs sector

On the reaction day the stock moved 1.4 pts more than Nifty Microcap 250 and 1.5 pts more than its Trading & Distributors peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+3.3

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15m

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30m

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Sessions after the filingfrom the prior close

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Reaction day

-0.8-2.2+1.4-2.3+1.5

Next day

-8.5-4.8-3.6-4.1-4.3

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15d

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+23.2+11.0+12.3-2.7+25.9

UpDownMarket · Nifty Microcap 250Sector · Trading & Distributors peers, median of 131Pending

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AI summary

Sharika Enterprises has received an order worth Rs. 1.36 crore (Rs. 1,35,68,800) from Power Grid Corporation of India Limited, a Government of India enterprise. The order is for supply and installation of a 329 kWp rooftop grid-connected solar PV system. The project is to be completed within 6 months and includes a 5-year comprehensive maintenance contract. The order is purely domestic and there is no related party interest involved.

Likely market impact

This is a modest but positive order win from a prestigious government PSU client, adding to Sharika's order book in the solar EPC segment. While the contract value is relatively small, it strengthens the company's credentials in government-backed renewable energy projects and provides revenue visibility over the next 6 months plus a 5-year maintenance tail.