Sterling and Wilson Renewable Energy wins orders worth Rs 826 crore seo

Sterling and Wilson Renewable Energy Limited (SWRE), a leading home-grown renewable EPC, announced that it has won orders worth Rs 826 crore in the first four months of FY 2023-24. 

The orders aggregate to around 1 GWp and include projects in Rajasthan, Uttar Pradesh and Gujarat. Scope of work for all projects include design, construction and commissioning. The projects will create hundreds of construction jobs, thus benefiting the local community. 

Sterling and Wilson Renewable Energy Ltd is a global pure-play, end-to-end renewable engineering, procurement and construction (EPC) solutions provider. The company provides EPC services for utility-scale solar, floating solar and hybrid & energy storage solutions and has a total portfolio of over 15 GWp (including projects commissioned and under various stages of construction). SWRE also manages an operation and maintenance (O&M) portfolio of 6.4 GWp solar power projects, including for projects constructed by third parties. Present in 29 countries today, Sterling and Wilson Renewable Energy Ltd has operations in India, South-east Asia, Middle East, Africa, Europe, Australia and the Americas. 

On Thursday, the shares of Sterling and Wilson Renewable Energy closed at Rs 383.55, down by 1.02% from its previous closing of Rs 387.50 on the BSE. 

Today, the stock opened at Rs 385.30 and has touched a high and low of Rs 392.75 and Rs 376.10 respectively.  

The BSE group ‘A’ stock of face value Rs 1 has touched a 52 week high and low of Rs 405.00 and Rs 255.25, respectively. 

Last one week high and low of the scrip stood at Rs 405.00 and Rs 362.00 respectively. The current market cap of the company is Rs 7,275.69 crore. 

The promoters holding in the company stood at 69.03%, while Institutions and Non-Institutions held 9.83% and 21.14% respectively. 

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.