Intimation of Receipt of Order from UPPTCL
Price
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Awaiting price reaction for this filing.
Sharika Enterprises has secured an order worth Rs. 3.75 crore from UP Power Transmission Corporation Limited (UPPTCL), a Uttar Pradesh government undertaking. The order is for design, manufacture, construction, and supply of 132kV underground cable lines on a turn-key basis. The work is domestic and is to be completed within 9 months. The order is not a related party transaction and promoters have no interest in the awarding entity.
This adds a modest, short-tenure revenue stream to the company's order book from a state-backed utility, reducing client concentration risk slightly but unlikely to move the stock materially given the relatively small contract size.