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Sharika Enterprises gains on securing order from L&T for RDSS Project in Varanasi

The order is for the supply of 998 Nos Communicable Overhead FPIs to PUVVNL, Varanasi

Sharika Enterprises is currently trading at Rs. 10.91, up by 0.17 points or 1.58% from its previous closing of Rs. 10.74 on the BSE.

The scrip opened at Rs. 11.38 and has touched a high and low of Rs. 11.38 and Rs. 10.75 respectively. So far 33115 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 22.24 on 27-Mar-2025 and a 52 week low of Rs. 9.15 on 18-Mar-2026.

Last one week high and low of the scrip stood at Rs. 11.87 and Rs. 9.50 respectively. The current market cap of the company is Rs. 47.24 crore.

The promoters holding in the company stood at 55.16% while Non-Institutions held 44.84% stake in the company.

Sharika Enterprises has received order from Larsen & Toubro (L&T) for the supply of 998 Nos Communicable Overhead Fault Passage Indicators (FPIs) to Paschimanchal Vidyut Vitran Nigam (PUVVNL), Varanasi, under the Government of India’s Revamped Distribution Sector Scheme (RDSS).

The project scope includes design & supply of advanced communicable FPIs across the distribution network of PUVVNL Varanasi to enable real-time fault detection, faster fault localization, and improved restoration time. These intelligent systems will significantly enhance network visibility, operational efficiency, and reliability, supporting PVVNL’s efforts towards building a smarter and more resilient power distribution infrastructure.

This order marks another key milestone in Sharika Enterprises smart grid journey, reinforcing its capabilities in delivering cutting-edge monitoring and automation products / solutions for utilities.

Sharika Enterprises operate in the infrastructure sphere in India focusing on the power sector and work with international and Indian power equipment manufacturers and involved in project management/EPC contractors.