Sterling and Wilson Renewable Energy Secures Three New Orders Worth ₹17.72 Billion, Expands Domestic and International Footprint

Sterling and Wilson Renewable Energy Strengthens Order Book with ₹17.72 Billion New Project Wins

Sterling and Wilson Renewable Energy Limited has announced three significant new project orders worth ₹17.72 billion. These include two domestic solar EPC contracts comprising a 363 MWp DC project in Rajasthan and a 580 MWp DC project in Uttar Pradesh, both booked on a Balance of System (BOS) basis. Additionally, the company has received a Letter of Intent (LOI) for an international 115 MWp solar project in South Africa valued at approximately USD 120 million (₹998 crore). This marks SWREL’s third order in the South African market, highlighting its expanding global footprint.

 

With these new wins, Sterling and Wilson’s EPC order inflows for the current fiscal year have crossed ₹37.75 billion, reflecting strong market demand and execution capability. The projects are expected to be completed by Q1 FY2027, sustaining the company’s order book margins.

 

Notable Updates

 

Order value: Total EPC contracts worth ₹17.72 billion (~₹1,772 crore).

 

Domestic projects: 363 MWp solar in Rajasthan and 580 MWp solar in Uttar Pradesh (BOS basis).

 

International expansion: 115 MWp solar PV project in South Africa with a Letter of Intent worth ~$120 million.

 

Order pipeline: Fiscal year order inflows have surpassed ₹37.75 billion, indicating robust demand.

 

Project timelines: All projects slated for completion by Q1 FY2027, with strong margin confidence.

 

Major Takeaways

 

Market leadership: The orders reinforce SWREL’s leading position in utility-scale solar EPC in India and growing international presence.

 

Geographic diversification: Expanding across India and into Africa strengthens resilience against regional market fluctuations.

 

Financial strength: The inflows significantly boost the revenue visibility and financial health of the company.

 

Sustainability focus: Projects align with global clean energy goals, contributing to India’s and South Africa’s renewable capacity expansion.

 

Execution confidence: Proven track record of timely delivery and maintaining profitability underlines management’s operational discipline.

 

Sterling and Wilson Renewable Energy is well-positioned to capitalize on emerging opportunities in domestic and international renewable energy markets, driving growth through a strong order book and expanding global operations.

 

Source: Company official announcement, ScanX Trade, BSE filings