Sterling and Wilson Renewable Energy (SWREL) has announced new orders totaling approximately ₹1,772 crore. These include domestic solar EPC projects: a 363 MWp DC project in Rajasthan and a 580 MWp DC project in Uttar Pradesh, plus a LOI for a 115 MWp DC project in South Africa. The company’s total EPC order inflows for this fiscal year have exceeded ₹3,775 crore.
New Project Wins
Sterling and Wilson Renewable Energy Limited (SWREL) announced it has secured three new projects. These orders consist of solar EPC projects in India and South Africa. The total value of these new orders is approximately ₹1,772 crore.
Domestic Projects in India
SWREL has been declared L1 for the Engineering, Procurement and Construction of a 363 MWp DC PV plant project in Rajasthan, India. Also, the company has been declared L1 for the Engineering, Procurement and Construction of a 580 MWp DC PV plant project in Uttar Pradesh, India. Both domestic orders are on BOS basis.
South Africa Expansion
The company also received a Letter of Intent (LOI) for a 115 MWp DC project in South Africa worth approximately USD 120 million.
Order Inflow
With these new wins, the total EPC order inflows for SWREL this fiscal year have exceeded ₹3,775 crore.
Executive Commentary
Mr. Chandra Kishore Thakur, Global CEO of Sterling and Wilson Renewable Energy Limited stated, “We are very happy to have won two more prestigious domestic solar projects and these project wins continue to reflect our strong positioning in a fast growing domestic market. Apart from our leading presence in India, we are also encouraged by the strong inroads we are making into another rapidly growing market in South Africa where we have bagged our third order worth USD 120 million. Our earlier two projects in South Africa are progressing well. We will be completing the projects in Q1 FY2027 and will be maintaining our order booking margins.”
Source: BSE
