Sterling and Wilson Renewable Energy Ltd wins order worth ~INR 2,200 Crore

Sterling and Wilson Renewable Energy Limited has emerged as the L-1 bidder for the BOS package comprising 4 blocks of the proposed solar PV plant of NTPC Renewable Energy Limited at Khavda RE Power Park, Rann of Kutch, Gujarat with an aggregate capacity of ~ 1570 MW DC. The total bid value, including O&M for 3 years would be ~ INR 2,200 Crore (inclusive of taxes).

The formal LOI and contract signing will happen in due course.

Shares of Sterling and Wilson Renewable Energy Limited was last trading in BSE at Rs. 292.65 as compared to the previous close of Rs. 280.85. The total number of shares traded during the day was 115819 in over 3047 trades.

The stock hit an intraday high of Rs. 297.45 and intraday low of 286.10. The net turnover during the day was Rs. 33885995.00.

Source : Equity Bulls

Keywords

SterlingAndWilsonRenewableEnergy INE00M201021 L1Bidder NTPCRenewableEnergy 1570MWDC