Sharika Wins Rs 77 Million Cable Contract From UPPTCL

Based in Noida, Sharika Enterprises operates in the trading and distribution industry and specialises in power transmission and smart-grid engineering projects.

Key Contract Details The turnkey order from UPPTCL covers the complete design, engineering, manufacture and supply of the 132KV cables, as well as cable laying, jointing, terminations, testing and commissioning of an underground section of the 132KV DC Sonik–Sarain Katiyan/Murtazanagar line, spanning around 1.7 km.

The contract is expected to be completed within nine months. Sharika noted that the order is not linked to any related parties, underscoring its ability to secure major government projects independently.

Share Price Update Sharika Enterprises Ltd’s share price closed at Rs 14.82, down 1.33 per cent (Rs 0.20) on 12 November at 3:30 PM IST. The stock touched a high of Rs 15.59 during the day and opened at the same level, with an intraday low of Rs 14.82. The company’s market capitalisation stands at Rs 641.7 million, with a price-to-earnings ratio of 132.36 and no current dividend yield. Over the past 52 weeks, the stock has traded between Rs 23.98 and Rs 12.05.