Image Source: Realty Plus Magazine
Sharika Enterprises Ltd has announced a significant repeat order from JSW Steel Ltd for the turnkey installation of 220kV Extra High Voltage (EHV) cables at JSW’s Dolvi facility in Maharashtra. Valued at ₹19.13 crore, this contract reinforces Sharika’s position as a trusted partner in India’s industrial power infrastructure space and marks a continuation of its successful engagement with one of the country’s largest steel producers.
Key highlights of the announcement:
1. The order includes supply, installation, testing, and commissioning of 220kV, 800 sqmm HT cables over a 7 km stretch
2. It also involves the supply of 33kV cables and associated accessories for auxiliary power distribution
3. The project is expected to be completed within six months, showcasing Sharika’s operational efficiency and execution capabilities
4. This is a repeat order, following the successful completion of a similar 4 km 220kV cable installation at the same JSW Steel plant
Strategic importance and client confidence
The repeat order from JSW Steel reflects a deepening partnership and continued confidence in Sharika’s technical expertise and delivery standards. JSW’s decision to re-engage Sharika for a larger scope of work underscores the company’s ability to meet stringent industrial requirements and timelines.
JSW Steel is currently expanding its production capacity at the Dolvi plant, aiming to reach 40 million tonnes per annum. The installation of high-capacity EHV cables is critical to supporting this scale-up, ensuring uninterrupted power transmission across the facility’s operational zones.
Scope of work and technical specifications
The ₹19.13 crore contract encompasses a comprehensive turnkey solution:
• Supply and laying of 220kV HT cables with 800 sqmm conductors, designed for high-load industrial environments
• Installation across a 7 km route within the Dolvi plant premises
• Testing and commissioning of the cable system to meet JSW’s operational and safety standards
• Supply of 33kV cables and accessories to support secondary power distribution
Sharika Enterprises will deploy its in-house engineering teams, advanced cable-laying machinery, and quality assurance protocols to ensure timely and compliant execution.
Financial impact and market response
The announcement has triggered a positive response in the market. Sharika Enterprises’ stock surged nearly 20 percent, hitting the upper circuit at ₹14.89 per share. The rally reflects investor optimism about the company’s growing order book and its ability to convert contracts into revenue and margin expansion.
With a market capitalization of ₹64.47 crore and a 52-week high of ₹24.5, Sharika is now poised to regain investor confidence after a 46.8 percent decline over the past year. The ₹19.13 crore order adds meaningful visibility to its financial pipeline and strengthens its position in the high-voltage cable segment.
Industry outlook and strategic positioning
India’s industrial and energy infrastructure is undergoing rapid modernization, with rising demand for high-voltage cable systems driven by:
• Expansion of manufacturing and steel production facilities
• Upgrades to urban and rural power grids
• Integration of renewable energy sources into transmission networks
Sharika Enterprises is positioning itself as a full-spectrum provider of smart, sustainable, and reliable energy infrastructure. Its portfolio includes substation automation, optical fiber networks, and radio systems, making it a versatile player in the evolving power landscape.
Conclusion
Sharika Enterprises’ repeat order from JSW Steel is more than a commercial win—it is a strategic endorsement of its capabilities and a stepping stone toward larger, more complex infrastructure projects. As the company executes this high-voltage cable installation over the next six months, stakeholders will be watching its performance closely, with expectations of continued growth and deeper industry integration.
Sources: Business Standard, Urja Daily, Business Upturn, HDFC Sky News
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