Intimation with respect to receipt of Work Order from Punjab Energy Development Agency
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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 252 SPV (Solar Photovoltaic) street lighting systems with 12 watt LED fittings across Punjab. The contract value is Rs. 38,91,636 (about Rs. 38.92 lakhs), to be completed within 119 days. The order is fully domestic, with no related party or promoter group interest in PEDA.
The order adds a small government-backed revenue stream in the solar/LED street lighting segment, but its size is modest, so the immediate impact on stock price or shareholder value is likely limited. It reinforces the company's presence in government tender-based renewable energy projects, which could support future order flow.