Sterling and Wilson Renewable Energy Limited (SWREL), a leader in renewable energy solutions, has achieved a significant milestone by securing a ₹504 crore Letter of Award (LOA) for a solar project in Rajasthan. The stock on BSE, saw a 1.62% rise, reaching ₹493.50.
The LOA involves the supply, installation, and commissioning of a 305 MW AC / 396 MWp DC photovoltaic (PV) plant. This marks another feather in the cap for SWREL, which has demonstrated a consistent ability to attract repeat customers.
Mr Amit Jain, Global CEO of SWREL, expressed optimism about the order win, stating: “This project reflects our strong domestic positioning and reinforces our value proposition in the renewable energy space.”
He also noted the growing private Independent Power Producers (IPP) market and an expected surge in PSU bids in the upcoming quarter.
SWREL has been a pivotal player in the renewable energy sector, with an impressive portfolio of over 20.7 GWp globally and 7.8 GWp under operations and maintenance. Their extensive operations span 28 countries, offering diverse solutions in solar, hybrid, and energy storage projects.
This latest order showcases SWREL’s commitment to fostering sustainable energy solutions in India. As the renewable energy market gains momentum, the company’s strategic focus on both private and public projects positions it well for continued growth.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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