Deals2 Dec 2024, 03:14 pm
Sterling & Wilson Renewable Energy Wins INR 504 Crore Domestic Order
AI Summary
Sterling and Wilson Renewable Energy Limited (SWREL) has announced a new domestic order win. The company received a Letter of Award (LOA) for supplying, installing, and commissioning a 305 MW AC / 396 MWp DC PV plant for a PV project in Rajasthan, India, from a private IPP. The total value of works, including taxes, is approximately INR 504 crore. This win reflects SWREL's strong positioning and value proposition in the domestic Private IPP market.
Key Highlights
- Received LOA for supply, installation, and commissioning of a 305 MW AC / 396 MWp DC PV plant in Rajasthan from a Private IPP
- Total value of works including taxes is approximately INR 504 crore
- This order win reflects SWREL's strong positioning and value proposition in the domestic Private IPP market
- A large number of bids are expected from PSU's in Q4
- SWREL has a total portfolio of over 20.7 GWp and manages an operation and maintenance (0&M) portfolio of 7.8 GWp solar power projects