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
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