Energy Penny Stock Under Rs 15: The Company Secures Rs 38.91 Lakh Lighting Contract from Punjab Energy Development Agency

Sharika Enterprises Limited has received a new work order from the Punjab Energy Development Agency (PEDA), a government undertaking in Punjab, for the supply, installation, and commissioning of advanced street lighting systems. The contract is valued at Rs 38,91,636 and marks a step toward expanding sustainable infrastructure in the state.

The order includes the supply, installation, and commissioning of 252 Solar Photovoltaic (SPV) Street Lighting Systems, each fitted with a 12-watt LED. The project highlights PEDA’s push toward renewable and energy-efficient solutions for public spaces.

Sharika Enterprises Limited will manage the project lifecycle, from procurement to installation and final commissioning. The execution period is set at 119 days from commencement.

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About the Company

Sharika Enterprises Ltd, boasting a rich legacy of decades in the power sector with expertise in transmission and distribution, is committed to driving innovation and ushering in a transformative era in the industry. Their visionary goal is to evolve the sector into a futuristic 'Smart Grid,' harnessing state-of-the-art technologies and sustainable solutions. The company has also made remarkable strides in the solar power sector. Actively collaborating with governmental bodies, PSUs, schools, private sectors, and more, Sharika Enterprises has successfully implemented a large number of solar PV projects in the last 4-5 years. Their portfolio includes a range of pioneering solar solutions such as Grid-connected solar PV Systems, Off-Grid Solutions, Hybrid Solutions with Battery Backup, Battery Energy Storage Systems, EV Charging Systems, Micro Grids, Real-Time Monitoring of solar Plants and Solar Street Lights.

The stock price is trading near 52-week low.

Disclaimer: The article is for informational purposes only and not investment advice.