Sterling and Wilson Renewable Energy Limited (SWREL) announced on 22 December 2024, that it has secured a ₹1,200 crore order for a 500 MW solar PV project in Gujarat.
The project involves the design, engineering, procurement, and construction (EPC) of the Balance of System (BoS) for a 500 MW (AC) Solar Photovoltaic (PV) project, located in Gujarat.
This order also includes a comprehensive operation and maintenance (O&M) contract for a period of three years, the company said in a press release on the stock exchanges.
Sterling and Wilson Renewable Energy, a leading player in the renewable energy sector, provides end-to-end EPC solutions for solar, floating solar, hybrid, and energy storage projects. With over 20.7 GW of projects in various stages of development, the company is well-positioned to play a crucial role in India’s renewable energy growth.
Sterling and Wilson Renewable Energy’s share price traded 6.61% higher at ₹472.50 at 1:50 PM on the NSE. The stock opened at ₹472.95, higher than ₹443.20 against its previous close.
The stock of Sterling and Wilson Renewable Energy reached a 52-week high of ₹828.00 on May 21, 2024, and a 52-week low of ₹408.35 on December 21, 2023.
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.
Published on: Dec 23, 2024, 1:56 PM IST
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