Sharika Enterprises moves higher on signing MoU with Russian engineering pioneer ENS
Sharika Enterprises is currently trading at Rs 18.29, up by 0.56 points or 3.16% from its previous closing of Rs 17.73 on the BSE.
The scrip opened at Rs 18.45 and has touched a high and low of Rs 18.45 and Rs 17.78 respectively. So far 17042 shares were traded on the counter.
The BSE group 'T' stock of face value Rs 5 has touched a 52-week high of Rs 32.48 on 25-Jul-2024 and a 52-week low of Rs 8.39 on 27-Mar-2024.
Last one week high and low of the scrip stood at Rs 18.65 and Rs 17.00 respectively. The current market cap of the company is Rs 79.37 crore.
The promoters holding in the company stood at 55.16%, while the public held 44.84% stake in the company.
In a significant move to improve the power system in India, Sharika Enterprises has signed a Memorandum of Understanding (MoU) with Russian Engineering powerhouse 'Engineering Center Energoservice' (ENS). A frontrunner in advanced power system measuring, monitoring and automation solutions, ENS jointly with Sharika Enterprises is all set to be instrumental in enhancing the reliability and safety of electrical grids in India. The MoU is aimed at cooperation in power system monitoring solutions in India and provides Sharika Enterprises with the exclusive right to market and distribute ENS's cutting-edge grid protection, condition monitoring solutions, including transformers throughout the country.
ENS's transformer condition monitoring systems use synchrophasor measurements to monitor, and ensure the health of power transformers. The ENS systems offer real- time data and analytics that help minimise operational risks and avoid expensive downtimes in power grids. The collaboration aims to make grid reliability and performance better in India.
A prime product of this partnership is the Intelligent Digital Device (ENIP-2) and its modules. All these products are intended for measurement, time synchronisation, display, input-output and communication. The MoU was signed officially between Sharika Enterprises and ENS in the presence of both companies' senior representatives. The partnership is also extended to Wide Area Monitoring Systems (WAMS), stabilizing power grids through synchronized Phasor Measurement Units (PMUs) and real-time monitoring units (RTUs).
Sharika Enterprises is headquartered in the National Capital Region in India and having assembling units in Jammu and Noida. Also, the company is an ISO 9001:2015 certified for providing consultancy, project management, EPC contracts in field of power generation, transmission and distribution.
