Sterling and Wilson gets INR 512 crore for new solar projects

Sterling and Wilson Renewable Energy has secured two domestic solar projects worth INR 512 crore, including a 200 MW plant in Gujarat and a 50 MW project in Maharashtra, highlighting strong client trust.

Sterling and Wilson Renewable Energy Limited (SWREL) (BSE Scrip Code: 542760; NSE Symbol: SWSOLAR), a prominent domestic renewable EPC, has won two new domestic orders from Private IPPs worth around INR 512 crore. The company was awarded an order for the engineering, procurement, and construction of a 200 MW AC / 250 MWp DC PV plant for a PV project in Gujarat, India. It also acquired a letter of authorisation (LOA) for the engineering, procurement, and construction of a 50 MW AC / 65 MWp DC PV project in Maharashtra, India.

Speaking on the order wins, Amit Jain, Global CEO of Sterling and Wilson Renewable Energy Group shares, “We are very happy to bag two more prestigious domestic solar projects from leading Private IPPs and these project wins showcase our strong positioning in a fast-growing market. Both orders have been received from repeat clients thereby reaffirming our robust execution credentials. In the current year, out of the 6 major domestic orders received, 5 are from our existing clients showing the confidence customers have reposed in us to be a part of their growth in the domestic renewable market. “

For more information, visit: https://www.sterlingandwilsonre.com/