Sterling and Wilson Renewable Energy Limited (SWREL) has secured a Letter of Intent (LOI) for a Balance of System (BOS) Engineering, Procurement, and Construction (EPC) package worth approximately ₹415 crore. The project involves the development of a 300 MW AC solar project in Rajasthan.
The LOI is from a leading Private Independent Power Producer (IPP) for a 300 MW AC / 420 MWp DC Solar PV Project along with a 220/33 kV Pooling Substation in Rajasthan, India. The total contract value is approximately ₹415 crore, inclusive of O&M and taxes.
Mr. Chandra Kishore Thakur, Global CEO of Sterling and Wilson Renewable Energy Group, stated, "We are excited to partner with a leading global renewable developer with huge growth plans in the domestic market and bag our first order from the Private IPP market this fiscal. The order is a testament to our strong execution capabilities, and we continue to build on our gross order inflows which has exceeded ₹2,400 crore this year."
Sterling and Wilson Renewable Energy Limited (SWREL) is a global pure-play, end-to-end renewable engineering, procurement, and construction (EPC) solutions provider. The company provides EPC services for utility-scale solar, floating solar and hybrid & energy storage solutions and has a total portfolio of over 22.8 GWp (including projects commissioned and under various stages of construction). SWREL also manages an operation and maintenance (O&M) portfolio of 9.3 GWp solar power projects, including for projects constructed by third parties. Present in 28 countries today, Sterling and Wilson Renewable Energy Limited has operations in India, South-east Asia, Middle East, Africa, Europe, Australia, and the Americas.
The company's registered office is located at Universal Majestic, 9th Floor, P. L. Lokhande Marg, Chembur (W), Mumbai - 400043.
The stock is traded on the Bombay Stock Exchange (BSE) under the scrip code 542760 and on the National Stock Exchange (NSE) under the symbol SWSOLAR.
Visit us - www.sterlingandwilsonre.com
LinkedIn - https://www.linkedin.com/company/sterling-and-wilson-renewable-energy/
Regd. Office: Universal Majestic, 9th Floor, P. L. Lokhande Marg, Chembur (W), Mumbai - 400043
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
