Sharika Enterprises bags contract worth Rs3.34 crore from Tata Power, Odisha

15 Feb 2022 , 02:05 PM

Sharika Enterprises Limited has received a contract worth Rs3.34 crore from Tata Power to design, engineering, supply, implementation of Feeder Automation Solution as a part of Distribution Management System (DMS) to improve the reliability of the power distribution network in the State of Odisha.

Tata Power Company Limited is a renowed power distribution utility in South Asia and this contract has been awarded by its subsidiary Company, Tata Power Northern Odisha Distribution Limited (TPNODL). 

“This order further strengthen our ongoing business relationship with Tata Power and validates our range of products in the Power Distribution Sector. This gives Sharika Enterprises Limited an opportunity to take a big leap in the product development & customization to make world class products in India under “Make in India” initiative by Government of India.

Further Company looks forward to manufacture considerable part of smart feeder Automation Products in India replacing huge imports to meet the technology benchmark, growing demand and improvement in the Power Distribution Network”, said Sharika Enterprises in a filing  on Monday.

At around 2:07 PM, Sharika  Enterprises was trading at Rs35.20 per piece lower by 4.99% on Sensex.