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Ambani group stock jumps after it receives order worth ₹504 Cr for renewable projects in Rajasthan

Ambani Group’s renewable energy unit won a ₹504 crore order for a 305 MW PV project in Rajasthan, reinforcing its leadership and strong position in India’s private renewable energy market.
Ambani group stock jumps after it receives order worth ₹504 Cr for renewable projects in Rajasthan
Ambani group stock jumps after it receives order worth ₹504 Cr for renewable projects in Rajasthan

Introduction:

Ambani Group’s renewable energy arm has secured a ₹504 crore order from a private IPP for a 305 MW AC PV project in Rajasthan, highlighting its leadership in India’s renewable energy sector and strong private sector positioning.

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Share Price movement of Sterling and Wilson Renewable Energy Ltd:

On December 2, 2024, Sterling and Wilson Renewable Energy Ltd (NSE: SWSOLAR) opened at ₹486.45, hitting an intraday high of ₹503.00 and a low of ₹480.60. The stock is currently trading at ₹493.25, up 1.40%, with a market cap of ₹11,516.76 crore.

Sterling and Wilson Renewable Energy share price rise:

Sterling and Wilson Renewable Energy Limited (SWREL), a leading renewable EPC, announced a new domestic order from a Private IPP. The order involves the supply, installation, and commissioning of a 305 MW AC / 396 MWp DC PV plant in Rajasthan, worth ₹504 crore.

The project, awarded by a repeat customer, highlights SWREL’s strong position in the domestic private IPP market. This reflects the company’s commitment to providing value-driven solutions and its ability to secure significant orders in India’s growing renewable energy sector.

Global CEO Amit Jain emphasized the company’s robust pipeline of private sector projects and upcoming bids from PSUs in Q4. These developments align with SWREL’s annual order booking targets, showcasing its leadership in the renewable energy domain.

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Recent news About Sterling and Wilson Renewable Energy Ltd:

On October 14, 2024, Sterling and Wilson Renewable Energy Ltd announced a profit of ₹1 crore for Q4 FY24, marking its first profitable quarter after 12 consecutive losses. This turnaround reflects improved execution of domestic projects and a robust order book. 

Ace investor holding of Sterling and Wilson Renewable Energy Ltd:

Ace investor Ajay Kumar Aggarwal holds 25,05,000 shares of Sterling and Wilson Renewable Energy Ltd, representing a 1.07% stake. With a current price of ₹492.6, the holding is valued at ₹123.4 crore, showing a marginal 0.03% quarterly increase.

Stock performance of Sterling and Wilson Renewable Energy Ltd for Period of 1 week, 6 months and 1 year:

Sterling and Wilson Renewable Energy’s stock performance shows a 0.35% decline over the past week, a significant 26.9% drop over six months, but a strong 38.8% growth over one year, highlighting a mixed trend across different time periods.

Read More: Defence stock jumps 5% after it signs MoU worth ₹1,000 Cr with Ministry of Defence

Shareholding pattern of Sterling and Wilson Renewable Energy Ltd:

SummarySep-24Jun-24Mar-24
Promoter 45.80%52.90%52.90%
FII14.10%10.10%10.50%
DII 9.70%9.10%10.70%
Public30.50%27.90%25.90%
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About Sterling and Wilson Renewable Energy Ltd:

Sterling and Wilson Renewable Energy Ltd, a leading renewable EPC company, specializes in designing, installing, and commissioning solar energy projects. With a strong domestic and international presence, it focuses on innovative and sustainable energy solutions, contributing significantly to the global renewable energy sector.
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.

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Q3 FY24 में फर्टिलाइज़र स्टॉक का राजस्व 16.45% बढ़कर ₹283.72 करोड़ हुआ, मजबूत बाजार प्रदर्शन को दर्शाता है।

फर्टिलाइज़र स्टॉक में 6% तेजी, कंपनी के नेट प्रॉफिट में 16.45% की वार्षिक वृद्धि की घोषणा के बाद।

फर्टिलाइज़र स्टॉक ने Q3 FY24 में मजबूत प्रदर्शन किया, जिसमें परिचालन से राजस्व 16.45% बढ़कर ₹283.72 करोड़ हो गया। यह

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