Penny Stock Under Rs 20: Electrical Equipment Company Bags Order Worth Rs 1,18,24,039.90 from TP Western Odisha Distribution Ltd

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Penny Stock Under Rs 20: Electrical Equipment Company Bags Order Worth Rs 1,18,24,039.90 from TP Western Odisha Distribution Ltd

The stock is up by 16.2 per cent from its 52-week low of Rs 12.05 per share.

Sharika Enterprises Ltd. has been awarded a domestic contract by TP Western Odisha Distribution Limited (TPWODL), a joint venture of Tata Power and the Government of Odisha. The contract, valued at Rs 1,18,24,039.90 (Rupees One Crore Eighteen Lakh Twenty-Four Thousand Thirty-Nine and Ninety Paise only), is an order for the Supply, Installation, Testing, and Commissioning of Feeder Remote Terminal Unit (FRTU) & Accessories. The company is required to execute and complete the contract within 90 days.

Earlier, the company received a domestic contract award from Ircon International Limited (a Government of India Undertaking). This order, valued at Rs 9,92,115 (Rupees Nine Lakh Ninety-Two Thousand One Hundred Fifteen only), is for the Supply, Installation, Testing & Commissioning of a SCADA Integration system at TCR Banihal. The purpose of this system is to facilitate the operation of the existing switchyard of Tunnel T-80 on the SCADA system. The company is required to execute and complete the contract within a swift 45-day time period.

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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 60 crore. The stock is up by 16.2 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.