Sterling and Wilson Renewable Energy Wins INR 985 Crore Orders

Sterling and Wilson Renewable Energy has acquired new orders worth over INR 985 crore in India and South Africa. The orders comprise a Balance of System package of 534.3 MWp in Rajasthan and two BESS projects with a combined capacity of 616 MWh in South Africa. Significant fresh orders totalling over INR 985 crore were announced by Sterling and Wilson Renewable Energy Limited (SWREL) on 22 September. Among these, a new client in Rajasthan has placed an order for 534.3 MWp, while a company in South Africa has placed an order for two BESS projects totalling 616 MWh. The renewable energy powerhouse announced in a news release that a new client in Rajasthan has placed an order for a Balance of System (BOS) package. It is anticipated that the Rajasthan project will contribute to a more sustainable future by reducing carbon dioxide emissions by around 0.80 million when it is operational. The brand is overjoyed to have acquired two significant orders in Rajasthan and South Africa, respectively, according to Chandra Kishore Thakur, Global CEO of Sterling and Wilson Renewable Energy. Taken as a whole, these purchases demonstrate that the firm's clients have faith in its abilities and the business's ongoing company momentum. According to Thakur, these also show how strong SWREL's customer connections are, which are based on the company's domain knowledge, consistent project execution, and trained staff. Conversely, the South African client that placed the order had already benefited from SWREL's knowledge and hard work. This gave the corporation the assurance it needed to entrust the company with the execution of this landmark project. The order from South Africa is for a BESS EPC wrap project, which includes engineering, procurement, and construction. July saw the release of Sterling and Wilson's first-quarter profits. Profit for the current fiscal year was INR 54 crore, up 69% from INR 32 crore a year ago. Its margin remained unchanged, although sales and EBITDA fell. Its income dropped 9.7% to 1,590 crore Indian rupees, from 1,761.6 crore the previous year. Additionally, the margin remained unchanged at 5% from the previous period, and earnings before interest, taxes, depreciation, and amortisation fell 8% to INR 79.6 crore from INR 86.4 crore. On September 22nd, Sterling and Wilson Renewable Energy shares soared 7.7% to an intraday high of 186.66 Indian rupees each. On 21 September, shares of Sterling & Wilson were trading 4.1% higher at INR 180.35, its highest single-day increase since June 12, 2026, when the stock had surged 7.8%. The stock price has dropped 16% so far this year and 6% in the past month. With these new contracts, SWREL is more entrenched in utility-scale renewable energy and energy storage projects. Further, its solar EPC and battery storage portfolio is growing in both local and foreign markets. The most recent orders bring the total value of the company's solar and battery storage project pipeline in India and South Africa to over

Original source: StartupTalky