Sharika expands power-grid work under national distribution scheme
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Sharika reported power distribution work in Uttar Pradesh, Gujarat and Uttarakhand. It is supplying 998 communicable fault indicators to PVVNL in Varanasi and 11 kV sectionalizers for DGVCL feeder automation. It also secured a UPCL Ganga Corridor contract covering grid monitoring and control, reclosers, more than 60 substation remote units and more than 960 feeder remote units. Its YEIDA factory for automation products is under construction.
These projects and the new factory may boost revenue and market position, but contract values, timelines and profit impact were not disclosed.