Sterling and Wilson Renewable Energy saw its shares rise by 5% after securing a Letter of Intent (LoI) for a massive ₹1,200 crore solar project in Gujarat. The project involves the Design, Engineering, Procurement, and Construction (EPC) of a 500 MW (AC) Solar PV project’s Balance of System (BOS). Additionally, it includes a three-year comprehensive Operations and Maintenance (O&M) service.
This milestone reinforces Sterling and Wilson’s position as a leader in the renewable energy sector and showcases its commitment to sustainable energy solutions. Investors responded positively, driving the stock higher in anticipation of the company’s growth potential.
As of 9:16 am, Sterling and Wilson shares were trading 3.43% higher at Rs 458.40 on the NSE.
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