&w=3840&q=100)
Sterling & Wilson Renewable Energy up 2% on emerging lowest bidder; details
Sterling & Wilson Renewable Energy share price: Sterling & Wilson Renewable Energy Limited (SWREL) shares were buzzing in trade on Thursday, May 29, 2025, with the stock rising as much as 2.33 per cent to an intraday high of ₹288.90 per share.
At 1:47 PM, Sterling & Wilson Renewable Energy shares continued to trade near day's high level, up 1.66 per cent at ₹287 apiece. In comparison, BSE Sensex was trading flat with a positive bias at 81,345.43 levels.
Why did Sterling & Wilson Renewable Energy share rise?
Sterling and Wilson Renewable Energy rose after it announced that the company has emerged as L1 bidder (lowest bidder) for a turn-key EPC package for development of a 225 MW (AC) grid connected solar PV project in Gujarat, India.
In a press statement, the company said, 'Sterling and Wilson Renewable Energy Limited (SWREL), a leading domestic renewable EPC is proud to announce that the company has emerged as L1 bidder in a tender of a leading PSU developer for a turn-key EPC package for development of a 225 MW (AC) grid connected Solar PV Project in Gujarat, India.'
On securing the deal, Chandra Kishore Thakur, global CEO of Sterling and Wilson Renewable Energy Group, said, '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.'
About Sterling & Wilson Renewable Energy
Sterling and Wilson Renewable Energy Limited (SWREL) is a global, pure-play provider of end-to-end renewable energy engineering, procurement, and construction (EPC) solutions.
The company engages in utility-scale solar, floating solar, and hybrid energy storage projects, with a total portfolio exceeding 22.6 GWp, including both commissioned projects and those under construction.
Sterling & Wilson Renewable Energy also operates and maintains 8.7 GWp of solar assets, including projects built by third parties.
With a presence in 28 countries, the company operates across India, Southeast Asia, the Middle East, Africa, Europe, Australia, and the Americas.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
an hour ago
- Business Standard
Railtel shares gain 3% on bagging multiple orders; Check all details here
Railtel Corporation share price gained 2.7 per cent in trade on Monday, June 9, 2025, logging a day's high at ₹456.15 per share on BSE. The buying on the counter came after the company bagged multiple orders. At 10:10 AM, Railtel shares were trading 1.28 per cent higher at ₹449.8 per share on the BSE. In comparison, the BSE Sensex was up 0.38 per cent at 82,503.23. The company's market capitalisation stood at ₹14,435.81 crore. Its 52-week high was at ₹618 per share and 52-week low was at 265.3 per share. In the past one year, Railtel shares have gained 16 per cent as compared to Sensex's rise of around 7 per cent. Railtel order wins The company, on Saturday, informed investors that it has received two orders. One order from State Project Director (Spd) Bihar Education Project Council (Bepc) worth around ₹243 crore. Under the contract, the company will supply, a student kit for the students of class 1 to class 12 at government schools in Bihar. "This is to inform that RailTel Corporation of India Ltd. ("the Company") has received the work order from the State Project Director (Spd) Bihar Education Project Council (Bepc) for Supply amounting to ₹2,43,11,35,577 (Including Tax)," the filing read. Another filing informed that the company has received the work order from Department Of Education Samagra Shiksha amounting to ₹15 crore. Under the contract, the company will supply UPS and printers to 5507 GPS across Himachal Pradesh. "This is to inform that RailTel Corporation of India Ltd. ("the Company") has received the work order from the Department Of Education Samagra Shiksha for Supply amounting to ₹15,96,54,450 (Including Tax)," the filing read. About Railtel Corporation RailTel Corporation of India Ltd. is a public sector enterprise under the Ministry of Railways. It operates a nationwide broadband, telecom, and multimedia network, and provides connectivity and ICT services across India. In addition to its telecom operations, RailTel is involved in the modernization of railway operations and administrative network systems. The company manages a high-capacity pan-India network and supports various digital infrastructure initiatives.
&w=3840&q=100)
Business Standard
an hour ago
- Business Standard
Bajaj Finance up 4%, hits new high on fixing record date for split, bonus
Share price Bajaj Finance today: Shares of Bajaj Finance gained 4.4 per cent to hit a record high of ₹9,785.9 per share on the BSE in Monday's intraday trade, backed by heavy volumes, after the company fixed June 16, 2025 as the 'Record Date' for the purpose of stock split and bonus shares. The stock price of the non-banking finance company quoted higher for the second straight day, surging over 9 per cent during the period. With this, Bajaj Finance share price has surpassed its previous all-time high level of ₹9,709.75, which it touched on April 24, 2025. In the past one month, Bajaj Finance has outperformed the market by soaring 11 per cent, as compared to 3.9 per cent rise in the BSE Sensex. Thus far in the calendar year 2025, the stock rallied 38 per cent, as against 5 per cent gain in the benchmark index. Follow Stock Market Latest Updates Today LIVE Bajaj Finance fixes June 16, 2025 as record date for stock split, bonus shares Bajaj Finance informed the stock exchanges, after market hours on Friday, June 6, that the company fixed Monday, June 16, 2025 as the 'Record Date' for the purpose of determining the members eligible for the sub-division of existing equity shares and issue of bonus equity shares of the company. The board of directors of Bajaj Finance in its board meeting held on April 29, 2025, recommended sub-division of 1 (one) equity share of face value of ₹ 2 each fully paid-up into 2 (two) equity shares of face value of Re 1 each fully paid-up; and issue of bonus equity shares in the ratio of 4:1 i.e., 4 (four) bonus equity shares of Re 1 each for every 1 (one) equity share of Re 1 each fully paid up. The corporate actions are proposed to enable retail shareholders to partake in the company's future, Bajaj Finance said. ALSO READ | Brokerage views on Bajaj Finance Bajaj Finance continues to derive benefits from a diverse loan portfolio, wide distribution network, effective execution and a strong management team. Bajaj Finance has significantly strengthened its technology, digital platforms and product offerings. The management expects a 24-25 per cent asset under management (AUM) growth driven by existing and new businesses, along with stable margin, and peaking out stress. It is a leading player in the NBFC space which is expected to benefit from policy tailwinds in the short term and a strong portfolio with a wide network in the medium to long term, according to Mirae Asset Sharekhan. Analyst at Axis Securities expect Bajaj Finance to deliver a strong AUM/NII/Earnings growth of 25/26/25 per cent compounded annual growth rate (CAGR) over the medium term, driven by Steady-to-marginally improving NIMs, Operating leverage driving cost ratio improvement, and (iii) Positive outlook on asset quality, keeping credit costs under control. The brokerage firm expects Bajaj Finance to deliver a RoA/RoE of 4.5-4.6 per cent/19-21 per cent, broadly in-line with the management's long-term guidance. About Bajaj Finance Bajaj Finance is one of India's largest and well-diversified NBFCs. The company provides loans for two wheelers, consumer durables, housing, SME & MSME businesses etc. Bajaj Finance undertook business and organizational restructuring in FY2008 and re-defined small business loans and consumer financing as its key niches. Bajaj Finance has an AUM of ~₹ 4.16 trillion as of March 2025, serves more than 97.12 million clients and offers a wide range of lending services to retail, SME and commercial customers across urban and rural India. Bajaj Finance continues to be the largest consumer durables lender in India. As a business entity, Bajaj Finance continues to deliver steady performance and superior asset-quality performance.
New Indian Express
an hour ago
- New Indian Express
Markets open higher on Monday tracking positive global cues
CHENNAI: Indian equity benchmarks opened on a strong note on Monday, buoyed by optimistic global cues as investors turned their focus to the high-stakes trade talks between the US and China scheduled in London today. The upbeat sentiment was mirrored across sectors and market segments. BSE Sensex jumped 422 points, or 0.51%, to 82,611, and Nifty50 rose 136 points, or 0.54%, to 25,139 Market Drivers Positive global sentiment from expected progress in US-China trade negotiations. Gains in heavyweight stocks, led by banking and IT majors, and continued traction in broader market indices and sectoral performance also lifted the indices. The stocks led gains on the Nifty index, climbing up to 2% in the opening trade included Kotak Mahindra Bank, Axis Bank, Tata Motors, Jio Financial Services, Shriram Finance, Infosys, Maruti Suzuki, Hero MotoCorp, HCL Technologies, Tech Mahindra Broader Markets and Sectoral Highlights Nifty MidCap 100 was up 0.54%, while the Nifty SmallCap 100: +0.60%. On the sectoral front, Nifty Bank Index hit a record high at 57,049.50, up 0.5%, Nifty PSU Bank rose 1%, Nifty IT was up 0.8%, Nifty Auto shot up 0.8%, and Nifty Private Bank increased 0.5%. Buzzing stocks today were MCX, which was up 2.8% after SEBI approval to it launch of electricity derivatives, IEX that went up 3.7% on strong sectoral sentiment, and Suzlon Energy, which increased 1% following a large block deal involving 94.4 million shares. IPO Watch Ganga Bath Fittings IPO's allotment is to be finalised today, and Sacheerome IPO opens for subscription today. Many analysts believe that with global tailwinds and strong domestic fundamentals, Indian markets appear poised to maintain momentum. However, attention will remain on the outcome of US-China trade talks and domestic macro data through the week, they say.
