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Sharika Enterprises has signed a Consultancy Service Agreement with LS Cable & System (LSCNS), South Korea for promoting and offering New Cable technologies and solutions - HVDC Cable to Indian Customers. As a part of this agreement, LSCNS has secured HVDC underground Cable for establishment of +320KV, 1X1000 MW VSC based HVDC Scheme in Mumbai of Adani Electricity Mumbai Infra (AEMIL).

The scope of this agreement is not limited to this project and will translate in to more similar business opportunities and technology implementation in near time for major bulk Power Evacuation & Transmission projects in India. This agreement is expected to generate consultancy revenue for the company to the time of Rs 3-4 crore per annum over a period of next 3-5 years, depending upon the progress of such project in India & in particular the above given project.

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.