Kaul has identified technological gaps for cables and transformers
Sharika Enterprises, a prominent leader in the power sector from Noida, has appointed two industry veterans, to significantly enhance the leadership and governance while announcing strategic focus on power distribution automation.
Sharika Enterprises plans to establish a state-of-the-art centre of excellence in Bengaluru for training industry professionals in the latest technologies.
This initiative underscores Sharika Enterprises’ commitment to advancing the power sector and playing a significant role in shaping the future of power distribution and automation in India.
Sharika Enterprises Chairman and Managing Director Rajinder Kaul said on 29 Dec, “Over the years, we’ve identified technological gaps for cables and transformers, leading to partnerships with foreign companies such as LS Cable from S. Korea and Elettromeccanica from Italy.
“This journey reflects our commitment to bridging technological gaps and making impactful strides in India’s power landscape.”
“Our story began in 2000 as a consultancy for foreign principals, primarily focusing on the power sector, especially Extra High Voltage Cables in India.”
Meanwhile, Saroj Chelluri from NTPC Ltd and Subir Mulchandani from Power Finance Corporation Ltd (PFC), have been appointed as Additional Directors (Independent Directors) to Board Sharika Enterprises. This strategic move, sanctioned by the Board of Directors, is poised of Sharika Enterprises management and industry-wide leadership.
Chelluri brings a wealth of experience to the Board, having held important roles at NTPC Ltd. Her expertise spans project engineering, project management, and the implementation of cutting-edge technologies.
Chelluri is actively involved in energy transition initiatives such as Green Hydrogen, Carbon Capture, and Methanol Economy, showcasing her dedication to sustainable solutions in the industry.
Sharika Enterprises stands to benefit from her strategic insights and extensive experience as it continues expansion and innovation in the power sector.
Mulchandani, a seasoned professional with a commendable 36 years in finance and the power sector, joins the Board to further fortify Sharika Enterprises. His notable tenure as Executive Director at PFC highlights his instrumental role in shaping policies for borrower appraisal and promoter appraisal of State Power Utilities.
Mulchandani’s financial acumen and strategic planning expertise will contribute significantly to the company’s decision-making processes.
Renowned for its comprehensive solutions and services, Sharika Enterprises has earned a strong reputation in various power sector projects. The company now offers highly skilled services, including extra high voltage cable laying, jointing, and online maintenance of power field devices like transformers, cables, and switchgear, addressing the evolving demands of India’s power sector.
Kaul, known as the “Cable Man”, has identified opportunities for Korean companies to offer advanced yet cost-effective solutions in India’s power sector, leading to the establishment of Sharika Enterprises.
Kaul is actively involved in upcoming projects for the next five years, including the acquisition of the esteemed 132/33kV Gas Insulated Substation (GIS) turnkey project from J&K Power Transportation Limited in Srinagar. This project aims to ensure uninterrupted power to the Z-Morh Tunnel, contributing to critical infrastructure development and enhancing the company’s position for investors and the public.
Highlighting the company’s commitment to digital solutions, Kaul emphasises their focus on distribution automation for the next five to 10 years, actively engaging in solar street lights, solar rooftops, and closely monitoring energy generation.
Sharika Enterprises is strategically concentrating on the Revamped Distribution Sector Scheme (RDSS) scheme of the Government, aiming to automate distribution networks and solidify its role in advancing the power sector. The company’s unwavering pursuit of excellence positions it as an attractive prospect for both the public and potential investors. Fiinews.com
