Introduction:
Leading renewable energy firm has secured a ₹1,200 crore project in Gujarat. The contract entails designing, engineering, and constructing a Balance of System (BoS) for a 500 MW solar PV project, including three years of maintenance services.
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Share price movement of Sterling and Wilson:
On December 23, 2024, Sterling and Wilson opened at ₹471.00, up 6.19% from its previous close of ₹443.55. The stock reached a high of ₹471.00 (6.19%) and a low of ₹452.10. By 9:51 AM, it traded at ₹468.65, a 5.66% increase, with a market cap of ₹10,942.71 crore.
SWREL secures ₹1,200 crore project:
Sterling and Wilson Renewable Energy Limited (SWREL) has received a Letter of Intent (LoI) for a ₹1,200 crore project in Gujarat. The contract involves designing, engineering, procuring, and constructing a Balance of System (BoS) for a 500 MW (AC) solar PV project.
The project is awarded on an EPC basis with single-point responsibility and includes a comprehensive operations and maintenance (O&M) contract for three years. This achievement reinforces SWREL’s expertise in delivering large-scale renewable energy projects domestically.
SWREL expressed pride in contributing to Gujarat’s clean energy goals. The company’s commitment to innovation and customer trust strengthens its role in India’s renewable energy transition, cementing its position as a leading EPC solutions provider.
Recent news on Sterling and Wilson:
As of December 02, 2024, Sterling and Wilson Renewable Energy Limited secured a ₹504 crore contract from a private IPP for a 396 MWp solar project in Rajasthan, covering supply, installation, and commissioning of a 305 MW AC plant.
Ace investor holding in Sterling and Wilson:
Ajay Kumar Aggarwal
Ajay Kumar Aggarwal holds a 1.07% stake in Sterling and Wilson Renewable Energy Ltd, amounting to 2,505,000 shares valued at ₹116.9 crore, showcasing significant investment in the renewable energy sector.
Stock performance of Sterling and Wilson for Period of 1 week, 6 months and 1 year:
Sterling and Wilson Renewable Energy Ltd witnessed a -8.05% return over one week and a -39.0% decline over six months. However, its one-year performance shows marginal growth with a positive return of 0.69%, indicating resilience.
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Shareholding pattern of Sterling and Wilson:
| All values in % | Sep 2024 | Jun 2024 | Mar 2024 |
| Promoter | 45.80% | 52.90% | 52.90% |
| FII | 14.10% | 10.10% | 10.50% |
| DII | 9.70% | 9.10% | 10.70% |
| Public | 30.50% | 27.90% | 25.90% |
About Sterling and Wilson:
Sterling and Wilson Renewable Energy Limited (NSE: SWSOLAR) is a global EPC solutions provider for solar and hybrid projects, managing over 20.7 GWp globally and 7.8 GWp in O&M across 28 countries.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
