Synopsis:
Shares rose after a ₹415 crore solar project order in Rajasthan, boosting investor confidence. Strong quarterly performance with revenue up 93% and profit surging 680% reflects execution strength, while global presence and large-scale portfolios reinforce leadership in renewable energy solutions.
The shares of the prominent solar solution provider gained up to 6 percent in today’s trading session after the company bagged a prestigious work order from a leading Private IPP worth Rs 415 crore.
With a market capitalization of Rs 6,340.54 crore, the shares of Sterling and Wilson Renewable Energy Ltd were trading at Rs 271.55 per share, increasing around 2 percent as compared to the previous closing price of Rs 266.45 apiece.
Significant Order
The shares of Sterling and Wilson Renewable Energy Ltd have seen positive momentum after receiving a LOI from a prominent Private IPP for a BOS EPC package for the development of a 300 MW AC / 420 MWp DC Solar PV Project along with a 220/33 kV Pooling Substation in Rajasthan, India. The contract value is approximately Rs 415 crore, including O&M and taxes.
Speaking on the order win, Mr. Chandra Kishore Thakur, Global CEO, Sterling and Wilson Renewable Energy Group, shared, “We are excited to partner with a leading global renewable developer with huge growth plans in the domestic market and bag our first order from the Private IPP market this fiscal. The order is a testament to our strong execution capabilities, and we continue to build on our gross order inflows, which have exceeded Rs. 2,400 crore this year.”
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Financial & Operational Highlights
Revenue surged 93% to Rs 1,762 crore, signaling robust demand and probable market-share gains. Net profit jumped 680% to Rs 39 crore, lifting net margin from 0.5% to 2.2%, underscoring operating leverage, richer mix, and cost control. Sustaining momentum will depend on execution, pricing discipline, working capital, and macro conditions.
Sterling & Wilson is a global leader in solar EPC and O&M solutions, offering end-to-end services from concept to commissioning. With a 22.8 GWp EPC portfolio, 9.3 GWp O&M portfolio, and presence in 28 countries, they execute landmark projects worldwide. Recognized as the top solar EPC provider globally, they drive excellence, efficiency, and sustainable energy innovation.
Sterling & Wilson has a strong global presence with offices in different countries and projects across 20 nations. Their solar footprint spans key markets including India, the USA, Europe, MENA, Latin America, Africa, Southeast Asia, and Australia. With significant installations like 17,596 MWp in India, they continue to drive large-scale renewable energy growth worldwide.
Sterling and Wilson Renewable Energy is a leading global provider of complete solar EPC solutions and a major player in solar Operations & Maintenance (O&M) services. The company’s primary aim is to lead the world’s shift towards sustainable energy solutions through a commitment to operational excellence and continuous growth in the renewables sector.
Written by Abhishek Singh
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