This small-cap stock surged over 146% this year; secures fresh order from JSW Renew Energy

Sharika Enterprises Limited (SEL), a prominent player in the power sector, has bagged pilot projects worth ₹8 crore from JSW Renew Energy entities. These projects are focused on converting 33kV overhead lines into underground cabling systems at two strategic wind farm locations in Maharashtra and Karnataka.

Under this turnkey initiative, Sharika will oversee the complete supply and installation of 33kV underground cables. The transition to underground systems is expected to enhance power transmission efficiency, reduce environmental impact, and lower maintenance costs compared to overhead lines.

The company’s COO, Ravinder Bhan, remarked, “Collaborating with JSW Renew Energy highlights our leadership in power infrastructure solutions. We are committed to the timely and efficient execution of these projects, ensuring the highest quality standards.”

Stock Performance:

• Current Price: ₹17.92
• Price Change on December 27: +₹0.85 (4.98%)
• YTD Gain: +146.49%
• Market Cap: ₹83.55 crore