SWREL announces 3 new Solar / Hybrid Projects valued at ~ INR 1,470 crore

Sterling and Wilson Renewable Energy Limited (SWREL) (BSE Scrip Code: 542760; NSE Symbol: SWSOLAR), a leading domestic renewable EPC is proud to announce that it has received two new domestic letter of awards from Private IPPs, and has been declared L1 in a 200 MW AC solar project. The cumulative order value of the three domestic projects combined is ~INR 1,470 crore including taxes and O&M.

The company received its first letter of award for a Wind EPC from a Private IPP for a Hybrid project in Rajasthan. Scope of work includes Engineering, Procurement and Construction of a 69.3 MW Wind Balance of Plant, and 58 MW AC / 75 MWp DC Solar BoS, along with 132 kV / 33 kV pooling substation.

The company has achieved L1 for a turnkey solar project of 200 MW AC / 260 MWp DC PV plant in Gujarat, India from a leading PSU developer.

The company has also received a letter of award for a PV plant in Rajasthan, India from a domestic IPP.

Speaking on the order wins, Mr. Chandra Kishore Thakur, Global CEO, Sterling and Wilson Renewable Energy Limited shared, "We are very excited to bag three prestigious domestic projects including our foray into Wind EPC through a Hybrid project win which opens up a new exciting segment for us. We have already established a market leading presence in India in Solar and BESS, and our entry into Wind helps us provide holistic EPC solution for Hybrid projects. We continue to position ourselves as per our customer requirements, and market trajectory and these project wins are a reflection of the same."

Shares of Sterling and Wilson Renewable Energy Limited was last trading in BSE at Rs. 250.50 as compared to the previous close of Rs. 251.05. The total number of shares traded during the day was 367028 in over 6946 trades.

The stock hit an intraday high of Rs. 261.80 and intraday low of 247.15. The net turnover during the day was Rs. 93328310.00.

Source : Equity Bulls

Keywords

SterlingAndWilsonRenewableEnergy INE00M201021 SWREL OrderWin Solar HybridProjects