Sterling and Wilson Renewable Energy Ltd receives orders worth ~INR 1,381 cr from Adani Green Energy

Sterling and Wilson Renewable Energy Limited (SWREL) (BSE Scrip Code: 542760; NSE Symbol: SWSOLAR), a leading renewable EPC Company, is proud to announce that the company hassigned a 5-year Strategic Partnership Framework Agreement, and received its first PO from Adani Green Energy Limited - currently India's largest and fastest growing RE developer.

This prestigious order is for a Balance of System (BOS) package for three Solar Power Projects at one of the World's largest RE projects at Khavda Renewable Energy Park, Gujarat. This order involves supply of goods and onsite services with total order valued at approximately INR 1,381 crore excluding taxes.

SWREL is currently executing ~6 GW in the Khavda region with ~5 GW scheduled to be completed in this fiscal. With this project of 1 GW, SWREL continues to maintain a dominant position in the Gujarat region.

Speaking about this development, Mr. Chandra Kishore Thakur, Global CEO, Sterling and Wilson Renewable Energy Group said, "We are delighted to announce a strategic 5-year partnership framework agreement with Adani Green, and also our largest domestic EPC orderthis fiscal. This partnership between India's largest RE developer, and one of India's biggest solar EPC players further strengthens our EPC leadership in the fast growing Indian Solar market. This order is a testament to the trust our clients place in our engineering excellence, execution capabilities, and ability to deliver large GW projects with a fast turnaround.

With this order win, SWREL has now achieved more than INR 6,450 crore of order inflows this fiscal, and our pipeline continues to remain robust."

Shares of Sterling and Wilson Renewable Energy Limited was last trading in BSE at Rs. 225.95 as compared to the previous close of Rs. 228.35. The total number of shares traded during the day was 99329 in over 1181 trades.

The stock hit an intraday high of Rs. 230.00 and intraday low of 225.30. The net turnover during the day was Rs. 22511831.00.

Source : Equity Bulls

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SterlingAndWilsonRenewableEnergy INE00M201021 SWREL SWSOLAR OrderWin AdaniGreenEnergy