Intimation of receipt of work order from Punjab Energy Development Agency
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Sharika Enterprises has received a work order worth Rs. 28,36,130 (approximately Rs. 28.36 lakhs) from Punjab Energy Development Agency (PEDA), a Punjab Government undertaking. The order involves supply, installation, and commissioning of 12-watt LED-based Solar Photovoltaic (SPV) Street Lighting Systems across Punjab. The project must be completed within 119 days. The contract is purely domestic, and there is no related party interest involved between the company and the awarding entity.
This is a modest-sized order in absolute terms, but it strengthens the company's order book in the government-backed solar street lighting segment and signals continued business traction with state renewable energy agencies. For retail investors, it is a positive operational update, though the small contract size means limited immediate impact on financials.