Sharika Enterprises Limited has received a significant work order from the Punjab Energy Development Agency (PEDA) for the design, supply, installation, and commissioning of 12-watt LED-based SPV Street Lighting Systems across Punjab. The contract is valued at Rs. 10,42,38,292/- and is expected to be completed within 120 days. This award marks a substantial addition to the company’s order book and strengthens its position in the renewable energy infrastructure sector.
Major Work Order Secured
Sharika Enterprises Limited announced today that it has been awarded a significant work order from the Punjab Energy Development Agency (PEDA), a Punjab Government Undertaking. The order encompasses the comprehensive project lifecycle of designing, supplying, installing, and commissioning 12-watt LED based SPV Street Lighting Systems throughout the state of Punjab.
Contract Value and Timeline
The total value of this substantial contract is Rs. 10,42,38,292/-. Sharika Enterprises Limited is expected to complete the project within a timeframe of 120 days from the execution date. This development is a testament to the company’s capabilities in executing large-scale renewable energy projects and is set to bolster its order book for the current fiscal year.
Key Contract Details
The contract has been awarded by a domestic entity, with the nature of the contract being a formal Work Order. It is important to note that neither the promoter/promoter group nor any group companies have any interest in the entity that awarded this contract, and the contract does not fall within the scope of related party transactions.
Source: BSE
