Sharika Enterprises Bags ₹19.14 Crore Order from JSW Steel; Stock Hits 20% Upper Circuit

New Delhi, September 2, 2025: Shares of Sharika Enterprises Ltd (BSE: 540786) increased by an impressive 19.98% on Tuesday, hitting the upper circuit limit. The sharp rally in the shares came after the company declared that it had received a major purchase order from SW Steel for the supply of cables and accessories. The order highlights Sharika’s growing presence in the high-voltage cable solutions segment, strengthening its role as a reliable partner for large-scale industrial infrastructure needs.

Sharika Enterprises Ltd, headquartered in Jammu, is a key player in the power and infrastructure sector. The company specialises in smart grid solutions, high-voltage power system equipment, and cable supplies, catering to both industrial and utility needs. With a focus on advanced technologies and reliable solutions, Sharika has positioned itself as a trusted partner in strengthening power distribution and transmission networks across India.

Sharika Enterprises Jumps 19.98% to ₹14.89 with Turnover of ₹17.53 Lakh

As of 02-Sep-2025, 10:57 AM, shares of Sharika Enterprises were trading at ₹14.89, up 19.98% from the previous close of ₹12.41. As the stocks surged nearly 20%, they got locked in the upper circuit at the price. However, the shares had a robust volume of 1.19 lakh shares, with a turnover of ₹17.53 lakh and a VWAP of ₹14.75 so far.

₹19.13 Crore Contract from JSW Steel Boosts High-Voltage Cable Business

The purchase order totals around ₹19.13 crore and is to be executed in the Dolvi facility of JSW Steel Limited. This is a domestic supply and service order for 220 KV HT cables and 33 KV cables, along with their accessories. As per the terms of the order, it must be executed within six months. The supply and service order is not a related-party transaction and is an independent business opportunity.

Strong Order Book Strengthens Visibility in Power Infrastructure

Sharika E͏nterprise͏s’ order inflo͏w from JSW S͏t͏eel͏ hi͏ghlights͏ its e͏x͏pan͏ding͏ role in the p͏ower infr͏astruct͏u͏re s͏pace. As ͏the company secures l͏a͏rger contracts͏, investors ͏should͏ tra͏ck its͏ ability͏ to convert the order b͏ook i͏nt͏o timely project executio͏n, while͏ mai͏ntaining m͏a͏rgin ͏st͏ability͏ and building ͏a steady pipeline of repeat business͏ fr͏om industri͏al cli͏ents.

With Sharik͏a Enterprises ͏winning͏ a ₹19.13 crore o͏rde͏r͏ from JSW ͏Steel an͏d shares rall͏ying nearly 20% to hit the upper c͏i͏rcui͏t͏, investor focu͏s is shift͏ing tow͏ards the company͏’s͏ ͏cre͏dibility ͏and growth prospects ͏in India’s power i͏nf͏r͏astructure sector. The developmen͏t not on͏ly strength͏ens Sharika’s pos͏itio͏n i͏n the marke͏t but also ma͏kes͏ it a stock to͏ ͏watch.

REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/dc7a7461-1dd1-4c65-9e07-62004cc8f446.pdf

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