Rs. 5.74 Crore Solar Installation Deal for Sharika Enterprises.

Sharika Enterprises Secures Rs. 5.74 Crore Rooftop Solar Project from POWERGRID Energy Services
January 20, 2025

Sharika Enterprises Limited has announced that it has received a significant work contract from POWERGRID Energy Services Limited, a wholly owned subsidiary of Power Grid Corporation of India. The contract, valued at Rs. 5.74 Crore, is for the supply and installation of a rooftop solar system on government buildings in Ladakh and Rajasthan, as well as on POWERGRID’s building in the Northern Region (NR) under the PM Surya Ghar-Mufti Bijli Yojna.

Contract Overview and Key Details

The key terms of the contract are as follows:

• Entity Awarding the Contract: POWERGRID Energy Services Limited (subsidiary of Power Grid Corporation of India).
• Contract Scope: Supply and installation of rooftop solar systems on government buildings in Ladakh and Rajasthan, and on POWERGRID’s Northern Region building.
• Contract Nature: Work contract under PM Surya Ghar-Mufti Bijli Yojna.
• Timeline: The project is scheduled for completion within 6 months.
• Contract Value: The total value of the contract is Rs. 5.74 Crore.
• Promoter Interest: There is no interest from the promoters or their group companies in the awarding entity.

This contract is part of the government’s efforts to promote solar energy and renewable resources across the nation, especially in remote areas like Ladakh and Rajasthan, contributing to the broader goals of sustainable energy development under the PM Surya Ghar-Mufti Bijli Yojna.

Strategic Impact and Future Prospects

The award of this contract reinforces Sharika Enterprises’ position as a key player in India’s renewable energy sector. The company is poised to contribute significantly to the national goal of achieving energy sustainability, especially in regions where solar power can play a crucial role in reducing energy dependence.

With a clear focus on executing renewable energy projects efficiently, Sharika Enterprises is expected to enhance its capabilities and reputation in the solar energy domain, further expanding its portfolio of solar installations for both government and private sectors.

Official Announcement and Document Access

The full disclosure regarding the work contract and further details can be accessed through the official document on the BSE website.

Download the Official Contract Document

About Sharika Enterprises Limited

Sharika Enterprises Limited is an emerging player in the renewable energy sector, specializing in solar power solutions. The company is committed to advancing India’s renewable energy landscape by delivering reliable and efficient solar systems. Sharika Enterprises continues to focus on providing innovative solutions to meet the growing energy demands of the nation while contributing to sustainable development.

For more information, visit the company’s official website or contact their offices for further inquiries.

Disclaimer:
This announcement is intended solely for informational purposes and does not constitute an offer, solicitation, or recommendation to buy, sell, or hold any securities of Sharika Enterprises Limited. The information provided is based on publicly available data as of the date mentioned and may be subject to change without prior notice. Readers are advised to consult professional advisors for any investment-related decisions.

This content is written by Chiman Soni, a CS Executive student and founder of Corporate Laws Hub.

Disclaimer: This content is written by Chiman Soni, a CS Executive student and founder of Corporate Laws Hub. The information provided herein is for educational and informational purposes only and should not be construed as legal advice or financial advice. While every effort has been made to ensure the accuracy and reliability of the information, readers are advised to consult a qualified legal professional, financial advisor, or refer to authoritative sources for specific legal or financial queries or concerns.