This Renewable energy stock, where both the Reliance and Shapoorji Pallonji groups have a stake, is in focus after it emerged as the L1 or lowest bidder for an engineering, procurement, and construction project in Gujarat.
With a market capitalisation of Rs. 6,608 Crore, the stock of Sterling & Wilson Renewable Energy opened at Rs. 286.70, up 1.55 percent from yesterday’s close, and after opening, it made a high of Rs. 288.90, up 2.33 percent. Additionally, the Yearly return for the stock is -61 percent, and the past 5-year return is 95 percent.
Order Update
The company has announced that it has emerged as the L1 (lowest) bidder for a significant solar EPC project in Gujarat. The company has secured a 225 MW (AC) grid-connected solar photovoltaic (PV) project on a turnkey engineering, procurement, and construction (EPC) basis from a leading public sector undertaking (PSU) developer.
Further, Global CEO Mr. Chandra Kishore Thakur mentioned that this is the first domestic order for the company in FY26. He emphasised the company’s strong presence in the Gujarat market and noted that their domestic order pipeline remains robust, with confidence in securing more such wins.
About the Company
Sterling and Wilson Renewable Energy Limited (SWREL) is a leading global renewable EPC company headquartered in Mumbai, India. It specialises in utility-scale solar, floating solar, hybrid systems, and energy storage solutions.
Currently, the company has a strong presence across 28 countries with operations in India, Southeast Asia, the Middle East, Africa, Europe, Australia, the United States and Latin America.
The company reported a 113.83 percent YoY increase in revenue from Rs. 1,178 Crore in Q4FY24 to Rs. 2,519 Crore in Q4FY25. On a QoQ basis, the company reported an increase of 37.12 percent in revenue from Rs. 1,837 Crore in the previous quarter.
Their Net profit saw an increase of 5,400 percent YoY from Rs. 1 Crore to Rs. 55 Crore for the same period. On a QoQ basis, the company reported an increase of 223.52 percent in Net profit from Rs. 17 Crore in the previous quarter.
Written By Abhishek Das
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