Shares of Sterling and Wilson Renewable Energy Limited (SWREL) increased by 1.34% to ₹492.95 in Monday’s trade after the company announced a major domestic order win valued at ₹504 crore. The contract involves the supply, installation, and commissioning of a 305 MW AC / 396 MWp DC solar power project in Rajasthan for a private Independent Power Producer (IPP).
Key Highlights of the Order
- Client: A repeat customer from the private IPP market.
- Project Details: A 396 MWp DC solar project involving advanced PV plant infrastructure.
- Location: Rajasthan, India.
- Value: Approximately ₹504 crore, inclusive of taxes.
CEO’s Statement
Mr. Amit Jain, Global CEO of SWREL, remarked on the strong growth trajectory in the private IPP segment, stating:
“This order win highlights our leadership in domestic renewable EPC services. With a robust pipeline of private and PSU projects, we are on track to achieve our annual order booking targets.”
About SWREL
- A global EPC powerhouse with 20.7 GWp renewable energy projects in its portfolio.
- Manages 7.8 GWp of solar projects under O&M services.
- Operational across 28 countries, including key markets in India, Southeast Asia, Africa, Europe, and more.
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