Sterling and Wilson Renewable Secures ₹3,550 Crore Order, Shares Surge 16%
Sterling and Wilson Renewable wins ₹3,550-crore order; stock zooms 16%
Business Standard
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Sterling and Wilson Renewable Energy's shares surged nearly 16% after securing a ₹3,550 crore ($426 million USD) order for an 875-megawatt solar project in Bikaner, Rajasthan, India. The company’s total order inflow for FY26 has surpassed ₹10,062 crore, indicating strong growth in the renewable sector.
- 01Sterling and Wilson Renewable Energy's shares rose nearly 16% following a major order win.
- 02The company secured a ₹3,550 crore ($426 million USD) contract for a solar project in Bikaner, Rajasthan.
- 03Total order inflow for FY26 has exceeded ₹10,062 crore ($1.2 billion USD).
- 04The company reported a consolidated revenue increase of 13.89% year-on-year in Q3FY26.
- 05Sterling and Wilson Renewable continues to expand its operations globally across multiple regions.
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Sterling and Wilson Renewable Energy Ltd saw its share price soar nearly 16% on the Bombay Stock Exchange (BSE) after the announcement of a ₹3,550 crore ($426 million USD) order for an 875-megawatt solar photovoltaic (PV) project in Bikaner, Rajasthan, India. This order, awarded by Coal India, is part of a significant increase in the company's order inflows, which have now surpassed ₹10,062 crore ($1.2 billion USD) for the fiscal year 2026. The stock traded at a high of ₹224.95 per share during the day, reflecting strong investor interest compared to the benchmark BSE Sensex index, which rose only 0.5%. Additionally, the company has secured another order for a 50-megawatt project in Maharashtra, India. Chandra Kishore Thakur, the Global CEO, expressed optimism about sustaining growth in the renewable sector, highlighting India's robust trajectory in renewable energy development. In its recent Q3 results, Sterling and Wilson reported a 13.89% year-on-year increase in consolidated revenue, although its EBITDA fell by 5.7% year-on-year. The company's EPC business remains a major revenue driver, contributing significantly to its overall performance.
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The successful order win positions Sterling and Wilson Renewable Energy for future growth, potentially leading to job creation and increased investment in the renewable energy sector.
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