Sterling and Wilson Renewable Energy Ltd receives LOI for new order

Sterling and Wilson Renewable Energy Limited (SWREL) (BSE Scrip Code: 542760; NSE Symbol: SWSOLAR), a leading renewable EPC is proud to announce that the company has received a LOI from a leading Private IPP for a BOS EPC package for development of a 300 MW AC / 420 MWp DC Solar PV Project along with 220/33 kV Pooling Substation in Rajasthan, India. Total value of the contract is approximately INR 415 crore including O&M and taxes.

Speaking on the order win, Mr. Chandra Kishore Thakur, Global CEO, Sterling and Wilson Renewable Energy Group shared, "We are excited to partner with a leading global renewable developer with huge growth plans in the domestic market and bag our first order from the Private IPP market this fiscal. The order is a testament to our strong execution capabilities, and we continue to build on our gross order inflows which has exceeded INR 2,400 crore this year."

Shares of Sterling And Wilson Solar Limited was last trading in BSE at Rs. 266.45 as compared to the previous close of Rs. 265.70. The total number of shares traded during the day was 172391 in over 2889 trades.

The stock hit an intraday high of Rs. 270.30 and intraday low of 262.60. The net turnover during the day was Rs. 45909511.00.

Source : Equity Bulls

Keywords

SterlingAndWilsonRenewableEnergy INE00M201021 OrderWin SolarPVProject