Latest news with #Sterling&WilsonRenewableEnergy
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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.
Business Standard
24-04-2025
- Business
- Business Standard
Sterling & Wilson Renewable Energy consolidated net profit rises 3745.83% in the March 2025 quarter
Sales rise 113.84% to Rs 2519.11 crore Net profit of Sterling & Wilson Renewable Energy rose 3745.83% to Rs 55.38 crore in the quarter ended March 2025 as against Rs 1.44 crore during the previous quarter ended March 2024. Sales rose 113.84% to Rs 2519.11 crore in the quarter ended March 2025 as against Rs 1178.01 crore during the previous quarter ended March 2024. For the full year,net profit reported to Rs 81.45 crore in the year ended March 2025 as against net loss of Rs 211.92 crore during the previous year ended March 2024. Sales rose 107.61% to Rs 6301.86 crore in the year ended March 2025 as against Rs 3035.37 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 2519.111178.01 114 6301.863035.37 108 OPM % 5.302.49 - 3.92-0.74 - PBDT 89.8538.20 135 176.88-155.67 LP PBT 86.7233.74 157 162.54-172.32 LP NP 55.381.44 3746 81.45-211.92 LP
