The SWREL share price experienced a significant jump of 9% today. SWREL stands for Sterling and Wilson Renewable Energy Limited. This surge followed the announcement that the company secured new renewable energy projects worth ₹1,470 Crore. The company is a subsidiary of Reliance Industries, owned by Mukesh Ambani.
Sterling and Wilson Renewable Energy has a market capitalisation of ₹6,200 Crore. The stock opened today at ₹249, which was similar to its previous closing price. However, it quickly rose to a high of ₹272.50, marking an 8.84% increase.
Despite this recent gain, the stock has shown a yearly return of -50%. Over the past five years, the stock has delivered an impressive return of 216%.
The company announced that it has entered the wind energy sector with its first order for a hybrid project in Rajasthan. SWREL will handle the Balance of Plant (BoP) and Balance of System (BoS) for this project, which combines solar and wind energy and has a total capacity of 127 MW AC.
The second order involves SWREL becoming the lowest bidder (L1) for a 200 MW AC / 260 MWp DC photovoltaic (PV) solar project in Gujarat, India. This order comes from a leading public sector undertaking (PSU) developer.
The third order is a letter of award for a PV plant in Rajasthan, India. This project is for a domestic Independent Power Producer (IPP). The combined value of these three orders is ₹1,470 Crore.
Sterling and Wilson Renewable Energy has shown strong financial improvement. The company’s revenue increased significantly by 215.09% year-over-year, rising from ₹583 Crore in Q3FY24 to ₹1,837 Crore in Q3FY25. On a quarter-over-quarter basis, revenue also saw substantial growth of 78.34%, increasing from ₹1,030 Crore in the previous quarter.
The company also reported a turnaround in profitability. It moved from a net loss of ₹62 Crore in Q3FY24 to a net profit of ₹17 Crore in Q3FY25. Quarter-over-quarter, net profit increased by 88.88% from ₹9 Crore.
Sterling and Wilson Renewable Energy Limited is a prominent Indian engineering, procurement, and construction (EPC) company. Its main focus is on providing services for electrical, power, and infrastructure projects. Established in 1927, the company is headquartered in Mumbai. SWREL offers a wide array of services, including electrical contracting, power generation solutions, air conditioning systems, and renewable energy projects.
Sterling and Wilson Renewable Energy Limited’s recent success in securing significant renewable energy projects has positively impacted its stock price. The company’s improved financial performance, particularly the substantial increase in revenue and return to profitability, further contributes to investor confidence.
At 11.50 AM, SWREL share price was up 2.66% and was trading at ₹271.60.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.
Published on: Apr 3, 2025, 11:59 AM IST
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