Sharika Enterprises Limited has announced a significant new business development with the receipt of a Purchase Order worth Rs 4 crore from JSW Energy Limited for a consultancy study focused on reactive power. This contract represents a strategic win for Sharika Enterprises, expanding their footprint in the Indian energy consultancy market.

Reactive power plays a crucial role in maintaining the voltage stability and efficient operation of electrical power systems. It does not transfer actual energy but is essential for the functioning of AC power networks, helping to ensure reliable power delivery and reducing losses. Therefore, consultancy studies in this field help power companies like JSW Energy optimise their grid operations and improve overall system performance.

The contract awarded is a domestic consultancy project with a timeline extending until March 31, 2026. This gives Sharika Enterprises ample time to conduct detailed assessments and provide actionable recommendations to JSW Energy for managing reactive power effectively.

Importance of the Contract

The Rs 4 crore contract highlights Sharika Enterprises’ technical expertise and reputation in the energy sector consultancy domain. JSW Energy Limited is one of India’s leading power producers, and securing a consultancy contract from such a reputed company is a noteworthy achievement for Sharika Enterprises.

Compliance and Disclosure

Sharika Enterprises has complied with all relevant disclosure requirements under the SEBI Listing Obligations and Disclosure Requirements Regulations 2015. The company has officially informed the Bombay Stock Exchange about this material event as per Regulation 30 and referenced the SEBI circular dated July 13, 2023, which underscores transparency and investor protection.

This disclosure confirms that the contract is not related to any promoter or promoter group interest, nor does it qualify as a related party transaction. This clarity helps maintain investor confidence by ensuring that the contract was awarded fairly and at arm’s length.

Strategic Benefits

Winning this contract positions Sharika Enterprises as a trusted consultancy partner for key players in India’s energy sector. The focus on reactive power consultancy aligns with the growing need for grid stability and optimisation, especially as India continues to expand its power generation capacity and integrate renewable energy sources.

Completing this project successfully could open doors to future consultancy opportunities with JSW Energy and other similar companies, driving growth and revenue for Sharika Enterprises.

Broader Industry Context

India’s power sector is undergoing rapid modernization, driven by increasing demand and a push for cleaner energy. Consultancy services focusing on power quality and reactive power management are gaining importance, and companies with technical expertise in these areas are well-positioned to benefit from new contracts.

Sharika Enterprises’ latest order reflects these industry trends and demonstrates the growing recognition of their capabilities in the market.

Conclusion

The receipt of a Rs 4 crore consultancy order from JSW Energy Limited is a major milestone for Sharika Enterprises Limited. The project, scheduled for completion by March 2026, involves an in-depth study of reactive power management, a critical factor in efficient power system operation.

This contract not only enhances Sharika Enterprises’ profile in the energy consultancy space but also underscores their commitment to transparency and regulatory compliance under SEBI Listing Regulations. It marks a promising development in the company’s growth trajectory within India’s evolving power sector.

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