Sharika Bags ₹24.9 Crore RDSS Order In Uttarakhand; Shares Rise 4.99%

Mumbai, May 29: Sharika Enterprises Ltd. has received a ₹24.9 crore work order from East India Udyog Ltd. for power infrastructure works under the Ganga Corridor RDSS scheme in Uttarakhand.

According to the company’s exchange filing on Friday, the order has been awarded on behalf of Uttarakhand Power Corporation and covers the supply, installation and facility management services (FMS) for RTUs, FRTUs, FPIs and SCADA-OMS-DMS infrastructure.

The project forms part of the Revamped Distribution Sector Scheme (RDSS), the Centre-backed programme aimed at improving power distribution efficiency and strengthening electricity infrastructure across states.

Sharika said the contract is domestic in nature and is scheduled to be completed by September 2027.

The latest order adds to the company’s power automation and grid modernisation portfolio, areas that continue to attract investments as utilities focus on digitisation and network reliability.

Stock Market Snapshot

Investors welcomed the order win, pushing Sharika Enterprises shares sharply higher during Friday’s session.

As of 3:30 PM IST on May 29, 2026, the stock was trading at ₹13.26, up ₹0.63 or 4.99% from the previous close of ₹12.63.

The Sharika Enterprises share price opened at ₹13.22 , which also marked the session’s upper circuit level. The stock remained near those levels for most of the trading day, reflecting positive investor sentiment following the order announcement.

Company Background

Sharika Enterprises operates in the power transmission, distribution and electrical infrastructure segments. The company provides engineering, procurement and execution services, along with solutions related to smart grids, automation and energy management.

Its business is closely linked to utility modernisation projects undertaken by state electricity boards and power distribution companies, including initiatives focused on digital monitoring and network efficiency.

Government-led infrastructure programmes such as RDSS have emerged as a key source of opportunities for companies operating in the power distribution ecosystem.

Conclusion

The ₹24.9 crore order provides Sharika Enterprises with fresh revenue visibility and strengthens its presence in utility automation and power distribution infrastructure projects.

The strong market reaction suggests investors view the contract as a meaningful addition to the company’s order book, particularly given its size relative to the company’s current market capitalisation.

Source:

• https://www.bseindia.com/stock-share-price/sharika-enterprises-ltd/sharika/540786
• https://www.bseindia.com/xml-data/corpfiling/AttachLive/d685a2e0-069f-4297-b613-32b462f0646e.pdf