Sharika Enterprises Limited has entered into a Joint Venture (JV) with SPIN Engenharia, a Brazilian leader in automation and control systems for the energy sector. Under the 'Make in India' initiative, the partnership focuses on developing India-specific SCADA and Advanced Distribution Management & Outage Management Systems (ADMS).
The JV aims to leverage both companies' combined technical expertise and market experience to deliver cutting-edge solutions that enhance efficiency, reliability, and scalability in India's evolving energy distribution infrastructure.
Sanjay Verma, Executive Director of Sharika Enterprises Limited, said, "This joint venture is a landmark achievement for us, and we are excited to collaborate with SPIN Engenharia to bring world-class SCADA and ADMS solutions to India. With the government's emphasis on digitising the energy sector and creating smart grids, this collaboration will enable us to offer cutting-edge, India-specific solutions that meet the highest global standards. The JV will provide all kinds of solutions for On-premise and Cloud-based applications, including mobile-based tools for the field crew."
Rodrigo Borges of SPIN Engenharia expressed his enthusiasm for the partnership, "We are delighted to work with Sharika Enterprises to bring our advanced technologies to India, a country with immense potential in energy innovation and infrastructure development. Together, we will play a critical role in enhancing grid reliability and fostering the growth of smart cities."
The JV will establish a research and development hub in India to tailor product offerings to suit local conditions, focusing on innovation, scalability, and cost efficiency. This collaboration aims to deliver solutions that not only meet the current needs of the Indian power grid but also anticipate future challenges, such as the integration of renewable energy sources and the growing demand for decentralised energy management systems.
Additionally, the JV is dedicated to developing new products and applications based on evolving customer needs, ensuring competitiveness in both domestic and international markets. New business models, including cloud-based solutions and usage-based fee structures, will also be introduced to adapt to changing market dynamics.
Over the years, Sharika Enterprises has diversified into various associated business lines and established itself as a technology, engineering, system integration, manufacturing, and consultancy service provider with projects beyond India. As part of the JV, Sharika Enterprises will focus on RDSS and other similar opportunities in Discoms, Transcos, and Gencos, including RE & IPPs. Leveraging groundbreaking 'Lean Automation Technology', the company will also develop innovative solutions in virtual grids, EV charging networks, and dynamic loss of life metrics for preventive maintenance.
With the signing of this JV, Sharika Enterprises and SPIN Engenharia reaffirm their commitment to driving technological advancements in the energy and infrastructure sectors. This partnership underscores both companies' long-term vision of contributing to India's Energy Infrastructure and supporting the nation's transition to a smarter, more efficient grid system.
