 "Sterling and Wilson Solar IPO: Business model, diverse operations key")
The timing of Sterling and Wilson Solar’s (SWS’) initial public offering (IPO) could raise some doubts as the power industry has little to cheer about — whether thermal or renewables. Yet, investors could look at the IPO, given some of its strengths especially in terms of operation. For one, much in sync with its promoter – Shapoorji Pallonji’s operating model — SWS is a pure-play EPC (engineering-procurement-construction) player operating in the solar power segment.
Shapoorji Pallonji & Company (SPC) holds a 66 per cent stake in SWS while the rest is held by Khurshed Yazdi Daruvala, promoter of the company. Both
