Deals24 Sept 2024, 02:31 pm
Sterling and Wilson Renewable Energy Ltd Secures INR 512 Crore in New Domestic Solar EPC Orders
AI Summary
Sterling and Wilson Renewable Energy Ltd (SWREL), a leading domestic renewable EPC, has announced the receipt of two new domestic orders from Private IPPs. The orders, valued at approximately INR 512 crore, include a 200 MW AC / 250 MWp DC PV plant in Gujarat and a 50 MW AC / 65 MWp DC PV plant in Maharashtra. These wins showcase SWREL's strong positioning in the fast-growing market and its robust execution credentials, with five out of six major domestic orders this year coming from existing clients.
Key Highlights
- Received two new domestic solar EPC orders from Private IPPs worth INR 512 crore
- Includes a 250 MWp DC project in Gujarat and a 65 MWp DC project in Maharashtra
- Orders received from existing clients, demonstrating company's robust execution credentials and strong market position
- SWREL is a leading domestic renewable EPC with a total portfolio of over 19.4 GWp
- SWREL also manages an operation and maintenance (O&M) portfolio of 8.2 GWp solar power projects