Synopsis:
Sharika Enterprises Limited, a leading player in India’s power transmission and distribution sector, has reinforced its position as a trusted infrastructure partner by securing two significant orders from JSW Group.
This company specializes in underground power transmission, smart grids, and renewable energy solutions and is now in the spotlight after securing multiple orders from JSW group..
With a market capitalization of Rs. 85 cr, the shares of Sharika Enterprises Limited are currently trading at Rs. 19.64 per share, locked at 10% upper circuit from its previous closing of Rs. 17.86 per share.
Fresh orders
1. Smart Switchgear for JSW Renew Energy: Sharika Enterprises Limited (SEL) has won a contract from JSW Renew Energy Three Limited to supply 33kV Outdoor Smart SF6 Load Break Switches (LBS) for their Wind Farm Project. The switchgear, designed for underground renewable power distribution, enhances performance, safety, and reliability, supporting ring operation and self-healing capabilities.
Manufactured by Contronics Switchgear, this collaboration combines SEL’s execution strength with manufacturing expertise, advancing India’s smart and clean energy transition.
2. Repeat Order from JSW Steel at Dolvi: SEL also received a repeat order from JSW Steel Limited for a 7 km turnkey 220kV EHV cable installation at their Dolvi plant, expanding a previous 4 km project.
The scope includes supply, installation, testing, and commissioning of HT and 33kV cables. This reflects JSW Steel’s confidence in SEL’s quality and reliability, reinforcing the company’s reputation as a trusted provider of end-to-end power infrastructure solutions.
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About the company
Sharika Enterprises is a leading Indian company in power transmission and distribution, specializing in underground EHV cable systems, smart grids, and renewable energy solutions. With over 25 years of experience, the company delivers end-to-end solutions including cable installation, SCADA, telemetry, solar PV projects, and energy monitoring systems.
SEL has collaborated with marquee clients such as NTPC, NHPC, SECI, and PGCIL, and partners with global technology providers to offer innovative, reliable, and sustainable power infrastructure solutions across India and neighboring countries.
In the Q1FY26, the company reported sales of Rs. 17.5 Cr, slightly down 3% YoY from Rs. 18.0 Cr in Q1FY25. EBIDT has seen a decrease in loss to Rs. 1.13 Cr, from Rs. 2.01 Cr a year ago, while net profit also saw a decrease in loss to Rs. 1.68 Cr.
Written by Manideep Appana
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