Penny Stock Under Rs 20: Cable Company Bags Orders Worth Rs 47,56,605 from Electra General Trading FZE

DSIJ Intelligence-1 / 08 Oct 2025/ Categories: Penny Stocks, Trending

The stock is up by 40 per cent from its 52-week low of Rs 12.05 per share.

Sharika Enterprises Ltd has received an international supply order from Electra General Trading FZE for the supply of 48F OPGW Cable. The total value of this contract is Rs 47,56,605 and the company is required to execute the supply order within a timeframe of 15 weeks. This order is a pure supply contract, highlighting the company's export capabilities.

Earlier, the company secured two new domestic contracts with a combined value of Rs 1,10,42,717.08 from LS Cable India Private Limited and NTPC Limited. The first order, valued at Rs 68,19,617.08 from LS Cable India, is a pure supply contract for cable accessories suitable for Cable systems, with a six-month execution period. The second order from NTPC Limited, worth Rs 42,23,100, is a supply and service contract for the supply, installation, and O&M of a Roof Top Hybrid Solar Plant at the Angul Collector Office; this project has a nine-month installation period followed by a five-year Annual O&M contract.

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About Sharika Enterprises Ltd

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 company has a market cap of Rs 70 crore. The stock is up by 40 per cent from its 52-week low of Rs 12.05 per share.

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