Intimation of Reecipt of order from PEDA
Price
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Awaiting price reaction for this filing.
Sharika Enterprises Ltd has received a work order from Punjab Energy Development Agency (PEDA), a Punjab Government undertaking, for the supply, installation and commissioning of 12-watt LED based solar PV street lighting systems across Punjab. The contract is valued at approximately Rs. 40.03 lakh and is to be completed within 119 days. The order is domestic in nature, and neither the promoters nor group companies have any interest in PEDA, nor does it qualify as a related party transaction. This is a relatively small order size for a solar/lighting infrastructure project.
This is a modest new order from a state government agency that adds to the company's order book, though the value is small. It signals continued business activity in the solar LED street lighting segment for Sharika but is unlikely to materially move the stock on its own.