Latest news with #SWREL
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Business Standard
29-05-2025
- Business
- Business Standard
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.
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Business Standard
24-04-2025
- Business
- Business Standard
SWREL Q4 results: Net profit jumps manifold to Rs 55 cr on higher income
Sterling and Wilson Renewable Energy Ltd (SWREL) on Thursday reported a manifold rise in consolidated net profit to Rs 55 crore in the March quarter, on account of higher income. It had posted a net profit of Rs 1.40 crore in the January-March period of the preceding 2023-24 fiscal year, the company said in an exchange filing. During the fourth quarter of FY25, the company's total income surged to Rs 2,506.45 crore from Rs 1,211.40 crore in the same period a year ago. Expenses stood at Rs 2,419.73 crore as against Rs 1,177.66 crore in the fourth quarter last fiscal. For the entire financial year 2024-25, SWREL reported a net profit of Rs 85.55 crore. It had a loss of Rs 210.79 crore in FY24. Total income rose to Rs 6,341.46 crore in the fiscal, from Rs 3,120.79 crore a year ago. In a statement, the company's Global CEO C K Thakur said "We are poised for a significant growth across markets considering the commendable pipeline of projects both in the domestic and international regions. The steady flow of high-value domestic orders in the recent past reinforces our strong market position and growth momentum. "Our onward journey is very promising, marked by high quarterly revenue, improved cash flow and a healthy balance sheet, all of which positions us for sustained growth. With our recent foray into wind EPC and continued focus on hybrid energy projects, we are optimistic about expanding our renewable portfolio and delivering integrated clean energy solutions." The unexecuted order value is Rs 9,096 crore as of March 31, 2025, compared to Rs 8,084 crore as of March 31, 2024. Sterling and Wilson Renewable Energy Limited (SWREL) 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, hybrid & energy storage and wind solutions and has a total portfolio of over 23 GWp (including projects commissioned and under various stages of construction).
