Sharika Enterprises touches the roof on securing repeat order from JSW Steel
Sharika Enterprises is currently trading at its upper circuit limit of Rs 19.64, up by 1.78 points or 9.97% from its previous closing of Rs 17.86 on the BSE.
The scrip opened at Rs 19.36 and has touched a high and low of Rs 19.64 and Rs 19.09 respectively. So far 230875 shares were traded on the counter.
The BSE group 'B' stock of face value Rs 5 has touched a 52-week high of Rs 23.98 on 06-Jan-2025 and a 52-week low of Rs 12.05 on 25-Aug-2025.
Last one week high and low of the scrip stood at Rs 19.64 and Rs 12.06 respectively. The current market cap of the company is Rs 85.04 crore.
The promoters holding in the company stood at 55.16%, while Non-Institutions held 44.84%.
Sharika Enterprises (SEL) has secured a repeat order from JSW Steel for 220kV Extra High Voltage (EHV) cable installation at its Dolvi Plant in Maharashtra.
This is the second order placed by JSW Steel Dolvi Plant after Sharika Enterprises successfully completed a previous 220kV EHV cable installation, testing & Commissioning project of 4 km. The new order has a much larger scope to a 7 km turnkey project encompassing supply, installation, testing, and commissioning of 220kV, 800 sqmm HT cables, as well as supply of 33kV cables and ancillary accessories.
The repeat order reflects the faith of JSW in Sharika's quality, reliability and timely delivery capabilities. It also demonstrates Sharika's capacity of providing complete, large-scale infrastructure solutions aimed at fulfilling the changing requirements of one of country's largest and reputed steel manufacturing firms.
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.
