Sterling and Wilson Renewable Energy shares rally 8% after securing Rs 985 crore domestic and global orders
Sterling and Wilson Renewable Energy shares surged nearly 8% on Tuesday to Rs 186.66 after winning domestic and international orders exceeding Rs 985 crore. The orders include a 534.3 MWp solar project in Rajasthan and a 616 MWh energy storage capacity project in South Africa.
Shares of Sterling and Wilson Renewable Energy surged nearly 8% on Tuesday, reaching a high of Rs 186.66 on the NSE after the company secured over Rs 985 crore in domestic and international orders. According to an exchange filing, the company announced the acquisition of a 534.3 MWp order in Rajasthan from a leading Indian IPP, as well as a two BESS projects totaling 616 MWh energy storage capacity in South Africa.
The Rajasthan order is from a new customer, while the South African order is from a repeat customer, reinforcing confidence in the company's project execution capabilities. The Rajasthan project's capacity is estimated to reduce CO2 emissions by around 0.80 million tonnes upon completion. The South African order is the second-largest utility-scale BESS project undertaken by SWREL.
Sterling and Wilson Renewable Energy's CEO, Chandra Kishore Thakur, expressed delight at receiving these prestigious orders, emphasizing the momentum in the business and the confidence customers place in the company's capabilities.
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- Sterling and Wilson Renewable Energy secures orders worth ₹985 crore business-standard.com
