Sharika Enterprises signs Consultancy Service Agreement with LS Cable & Systems, South Korea; Stock climbs 10%
As a part of this agreement, LSCNS has secured “HVDC underground Cable for establishment of +320KV, 1X1000 MW VSC based HVDC Scheme in Mumbai” of Adani Electricity Mumbai Infra Limited (AEMIL).
The company will provide support in various stages of project deliverables that includes Marketing & Promotion, Project management & coordination, HVDC Power system solution, Subcontract works.
It further added, “For major bulk Power Evacuation & Transmission projects in India, the scope of this agreement will move further to more similar business opportunities in near time as it is not only limited to this project.
At around 11:22 AM, Sharika Enterprises was trading at Rs11.51 per share higher by 9.93% on the BSE.