Rs 9,096 crore order book: Reliance Group-Backed Solar EPC Secures 225 MW Solar EPC Order in Gujarat From PSU Developer
On a year-to-date (YTD) basis, the stock has declined by 37.09 per cent, though it has gained 14.40 per cent over the last three months.
Sterling & Wilson Renewable Energy has emerged as the lowest bidder (L1) for a 225 MW solar photovoltaic (PV) project in Gujarat, India. The order, received from a reputed Public Sector Undertaking (PSU) developer, involves a turnkey EPC (engineering, procurement, and construction) contract. This marks the company’s first domestic order for the financial year 2025-26 and reinforces its strong position in the Gujarat renewable energy market.
Following the announcement, the share price of Sterling & Wilson Renewable Energy rose by over 2 per cent on Thursday. On a year-to-date (YTD) basis, the stock has declined by 37.09 per cent, though it has gained 14.40 per cent over the last three months. Over the past five years, the stock has delivered returns of 87 per cent, reflecting its growing stature in the Mid-Cap renewable energy space.
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The company’s global CEO, Mr. Chandra Kishore Thakur, expressed optimism about the order win, stating, “We are thrilled to announce our first domestic order of FY26 from a very reputed PSU developer and continue to build on our strong position in the Gujarat market. Our domestic pipeline remains very robust, and we are confident of building on this order win.”
Sterling & Wilson Renewable Energy reported strong Quarterly Results for Q4 FY25, reflecting a significant turnaround in its financial performance. The company’s revenue from operations rose to Rs 2,519.11 crore, a growth of 113.84 per cent compared to Rs 1,178.01 crore in the same quarter of the previous year. Profit after tax (PAT) surged remarkably to Rs 55.01 crore from Rs 1.40 crore, marking an increase of over 3,800 per cent.
For the full financial year ended March 2025, Sterling & Wilson Renewable Energy’s revenue stood at Rs 6,301.86 crore, up 107.61 per cent from Rs 3,035.37 crore in FY24. The company posted a profitable year with a PAT of Rs 85.55 crore, compared to a loss of Rs 210.79 crore in the previous fiscal year. This turnaround highlights the company’s improving operational efficiency and growing order book, which could be positive for investors looking for growth opportunities in the renewable energy sector.
Sterling & Wilson Renewable Energy Limited (SWREL) is a global pure-play provider of end-to-end renewable engineering, procurement, and construction (EPC) solutions. The company specializes in utility-scale solar projects, floating solar installations, and hybrid and energy storage solutions. SWREL’s portfolio exceeds 22.6 GWp, including commissioned projects and those under construction. It also manages an operation and maintenance (O&M) portfolio of 8.7 GWp for solar power projects, including third-party projects.
With a global footprint spanning 28 countries—including India, Southeast Asia, the Middle East, Africa, Europe, Australia, and the Americas—Sterling & Wilson Renewable Energy has positioned itself as a key player in the transition towards clean energy.
Investors tracking quarterly results and growth potential in the renewable energy sector may find Sterling & Wilson Renewable Energy’s recent performance and order wins noteworthy. While the stock has faced short-term volatility, the company’s expanding order book and improving profitability could present potential opportunities for long-term investors in the mid-cap space.
Disclaimer: The article is for informational purposes only and not investment advice.