Sterling and Wilson Renewable Energy share price down 2% on October 20 despite the company receives three new orders worth Rs 1,772 crore.
At 09:22am, Sterling and Wilson Renewable Energy was quoting at Rs 222.35, down Rs 4.45, or 1.96 percent, on the BSE.
The company has been declared L1 for engineering, procurement and construction of a 363 MWp DC PV plant for a PV project in Rajasthan, India.
Also, company has been declared lowest bidder for engineering, procurement and construction of a 580 MWp DC PV plant for a PV project in Uttar Pradesh, India.
Both the above orders are on Balance of System (BOS) basis.
The company also received a LOI for a 115 MWp project in South Africa worth ~ USD 120 million.
The total EPC value of the three new orders is approximately Rs 1,772 crore, with total order inflows this fiscal is touched Rs 3,775 crore.
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On October 17, the company reported a consolidated net loss of Rs 477.62 crore in the September quarter, largely due to an exceptional item of Rs 580.10 crore during the period under review.
The company had posted a consolidated net profit of Rs 8.57 crore in the quarter ended September 30, 2024.
The company’s total income rose to Rs 1,859.65 crore during the quarter from Rs 1,064.45 crore in the same period a year ago.
In the previous trading session, the share closed at Rs 226.80, down Rs 16.30, or 6.71 percent.
The share touched a 52-week high of Rs 638 and a 52-week low of Rs 216.05 on 21 October, 2024 and 07 April, 2025, respectively.
Currently, the stock is trading 65.15 percent below its 52-week high and 2.92 percent above its 52-week low.
The market capitalisation of the company stands at Rs 5,192.58 crore.
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