Deals18 Jan 2024, 07:21 pm
Sterling and Wilson Renewable Energy closes Q3 with five marquee project wins totalling over INR 2400 crore
AI Summary
Sterling and Wilson Renewable Energy Limited (SWRE) has announced its financial results for Q3FY24, with strong order inflows and significant deleveraging. The company has won five marquee projects totalling over INR 2,400 crore, and has repaid all overdue debts. The company has posted standalone profit and a positive EBITDA on a consolidated level, despite tight working capital conditions. The company's unexecuted order book stands at INR 8,750 crore.,
Key Highlights
- Five marquee project wins totalling over INR 2,400 crore
- Significant deleveraging achieved through QIP proceeds, promoter indemnity payments, and customer settlements
- Positive EBITDA trend continues in Q3FY2024