Contract Details
The Company has received a work order from Punjab Energy Development Agency, a Punjab Government Undertaking. The contract is for design, supply, installation and commissioning of 12watt LED based SPV Street Lighting Systems in the State of Punjab.
Financial Consideration
The total contract value is ₹10,42,38,292 (Ten Crore Forty-Two Lakh Thirty-Eight Thousand Two Hundred Ninety-Two Rupees).
Execution Timeline
The contract must be executed within 120 days from the award date.
Contract Classification
The work order has been awarded by a domestic entity (Punjab Energy Development Agency) and is classified as a "Work Order" type contract.
Related Party Considerations
The company confirmed that:
- Promoter/promoter group/group companies have no interest in the entity that awarded the contract
- The contract does not qualify as a related party transaction
Company Representative
The disclosure was signed by Pushpa Yadav, Company Secretary & Compliance Officer of Sharika Enterprises Limited.