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Sterling & Wilson up 6% on order wins worth Rs 1,600 crore in Australia

The company, along with its branch and Australian subsidiary, has bagged two large scale solar projects

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SI Reporter Mumbai
Shares of Sterling & Wilson Solar climbed 6 per cent to Rs 285 on the BSE on Monday after the company announced that it has signed orders worth around Rs 1,600 crore (AUD 300 million) in Australia.

“The company along with its branch and Australian subsidiary has bagged two large scale solar projects in the country which will have an installed capacity of over 300 MW. The new projects have been secured from global independent power producer (IPPs), the work for which is expected to commence immediately,” Sterling & Wilson Solar said in a press release.

The company’s