This stock, which is a subsidiary of Reliance Industries, is in focus after receiving an order worth Rs. 1,470 Crore for multiple projects related to the renewable energy sector.
Share Price Movement
With a market capitalization of Rs. 6,200 Crore, the stock of Sterling and Wilson Renewable Energy Limited opened at Rs. 249, around the same level as yesterday’s close, but after opening, it made a high of 272.50, up 8.84 percent. Additionally, the yearly return for the stock is -50 percent, and the past 5-year return is an impressive 216 percent.
Order Update
The company has achieved a breakthrough in the Wind energy sector after receiving their first order for a hybrid project in Rajasthan. For the order, the company will be executing BoP/BoS ( Balance of Plant / Balance of System) for a total of 127 MW AC (Megawatt Alternating Current) of solar/wind combined.
The 2nd order company achieved an L1 (lowest bidder) for a solar project of 200 MW AC (Alternating Current) / 260 MWp DC PV (Photovoltaic) plant in Gujarat, India. The order is from a leading PSU developer. For the 3rd Order company received a letter of award for a PV plant in Rajasthan, India, from a domestic IPP (Independent power producer). All three orders combined amount to Rs. 1,470 Crore.
Also read: Cable stock in focus after receiving approval from BIS to manufacture and test solar DC cables
Financial Highlights
The company reported an impressive 215.09 percent YoY increase in revenue from Rs. 583 Crore in Q3FY24 to Rs. 1,837 Crore in Q3FY25. On a QoQ basis, the company reported an increase of 78.34 percent in revenue from Rs. 1,030 Crore in the previous quarter.
Company saw a turnaround from Rs. 62 Crore Net loss in Q3FY24 to a Net Profit of Rs. 17 Crore in Q3FY25. On a QoQ basis they reported a 88.88 percent increase in Net Profit from Rs. 9 Crore.
About the Company
Sterling and Wilson Private Limited is a leading Indian engineering, procurement, and construction (EPC) company primarily focused on electrical, power, and infrastructure services. Established in 1927 and headquartered in Mumbai, the company provides a wide range of services, including electrical contracting, power generation, air conditioning solutions, and renewable energy.
Written By Abhishek Das
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