Sharika Enterprises Ltd has announced that Uttar Pradesh Power Transmission Corporation (UPPTCL) has awarded the company a Rs 77.3 million order for designing, engineering, manufacturing and supplying 132KV, 630 mm² single-core aluminium conductor corrugated aluminium-sheathed XLPE cables. Headquartered in Noida, Sharika Enterprises operates in the trading and distribution sector, with a strong focus on power transmission and smart grid engineering projects. The turnkey project includes cable laying, jointing, termination, testing and commissioning for an underground section of the 132 KV DC Sonik–Sarain Katiyan/Murtazanagar line, covering approximately 1.7 km. The contract is expected to be completed within nine months. Sharika Enterprises clarified that the order is not linked to any related party, underscoring its capability to independently secure major government contracts.

Sharika Enterprises Ltd’s share price closed at Rs 14.82 on 12 November, down 1.33 per cent. The stock opened at Rs 15.59 and touched an intraday high of Rs 15.59, with the day’s low at Rs 14.82. The company’s market capitalisation stands at Rs 641.7 million, with a P/E ratio of 132.36 and no current dividend payout. Over the past 52 weeks, the share has traded between Rs 23.98 and Rs 12.05.