Sterling and Wilson Renewable Energy Limited announces that it has been declared the lowest bidder (L1) by a PSU Developer for the turnkey EPC package to develop a 245 MW (AC) grid-connected solar PV project in Gujarat, India.
Chandra Kishore Thakur, Global CEO, Sterling and Wilson Renewable Energy Group, said, “We are excited to continue to build our gross order inflows (including L1), which have exceeded Rs 2,000 crore this year. This further strengthens our position in the domestic market, which reaffirms our position as a trusted partner in the renewable industry. The overall renewable market, including the domestic market, continues to remain very buoyant, and ordering activity is beginning to gather pace, which is likely to benefit EPC players going forward.”
Sterling and Wilson Renewable Energy (SWREL) is an international pure-play, full circle renewable engineering services provider. The company offers EPC services of utility-scale solar, floating solar, and hybrid & energy storage.
Consolidated net profit of the firm rose 668 to Rs 31.97 crore on a 92.5% increase in net sales to Rs 1,761.63 crore in Q1 FY26 versus Q1FY25.
The counter fell 1.37 per cent to close at Rs 273.50 on the BSE.
The inception of Sterling and Wilson is deep-rooted in the legendary friendship between Shapoorji Mistry Sr. and Mehervan Daruvala which later evolved into a powerful business partnership.
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