Press Release with regard to receipt of Order from Larsen and Toubro Limited
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Sharika Enterprises Ltd has received a purchase order from Larsen & Toubro Limited for the supply of 998 Communicable Overhead Fault Passage Indicators (FPIs). The order is for the RDSS Varanasi SCADA Project, with the end customer being Paschimanchal Vidyut Vitran Nigam Limited (PUVVNL), under the Government of India's Revamped Distribution Sector Scheme. The FPIs will enable real-time fault detection and faster restoration for Varanasi's distribution network. The product is a 'Make in India' solution, serving as an import substitute. The order reinforces Sharika's position in smart grid and power distribution automation.
Positive for the company as it adds a meaningful order from a reputed client (L&T) under a flagship government scheme, strengthening revenue visibility and credibility in the smart grid segment. The absence of a specific order value, however, limits a precise assessment of its scale relative to overall revenue.