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Sterling & Wilson Solar Ltd.

BSE: 542760 Sector: Engineering
NSE: SWSOLAR ISIN Code: INE00M201021
BSE 00:00 | 28 Jul 281.70 -8.90
(-3.06%)
OPEN

291.00

HIGH

293.20

LOW

277.85

NSE 00:00 | 28 Jul 281.75 -8.95
(-3.08%)
OPEN

292.00

HIGH

292.85

LOW

277.80

OPEN 291.00
PREVIOUS CLOSE 290.60
VOLUME 141500
52-Week high 343.50
52-Week low 187.25
P/E
Mkt Cap.(Rs cr) 4,518
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 291.00
CLOSE 290.60
VOLUME 141500
52-Week high 343.50
52-Week low 187.25
P/E
Mkt Cap.(Rs cr) 4,518
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Sterling & Wilson Solar Ltd. (SWSOLAR) - Company History

Sterling and Wilson Solar Limited was originally incorporated as a private limited company with the name 'Rashmika Energy Private Limited' on March 9 2017. Subsequently the Solar EPC Division of Sterling and Wilson Private Limited was demerged into the Company pursuant to the order dated March 28 2018 of the NCLT Mumbai approving the Scheme of Arrangement with the appointed date for the transfer of such Solar EPC Division being April 1 2017. Thereafter to reflect the association of the Company with the Sterling and Wilson group the name of the Company was changed to Sterling and Wilson Solar Private Limited pursuant to the resolution passed by the Shareholders at their EGM held on March 29 2018 and the certificate of incorporation pursuant to change of name was issued by the RoC on April 24 2018.Subsequently the Company was converted into a public limited company pursuant to the approval of the Shareholders at an EGM held on January 11 2019. Consequently the name of the Company was changed to Sterling and Wilson Solar Limited on January 25 2019. The Company is a global pure-play end-to-end solar engineering procurement and construction ('EPC') solutions provider and were the world's largest solar EPC solutions provider in 2018 based on annual installations of utility-scale photovoltaic ('PV') systems of more than five mega-watt peak ('MWp') according to IHS Markit. The Company provides EPC services primarily for utility-scale solar power projects with a focus on project design and engineering and manage all aspects of project execution from conceptualizing to commissioning. It also provides operations and maintenance ('O&M') services including for projects constructed by third-parties. The Company commenced operations in 2011 as the Solar EPC Division of SWPL and demerged from SWPL with effect from April 1 2017. Over a span of seven years the company became the largest solar EPC solutions provider in each of India Africa and the Middle East according to IHS Markit in 2018 and currently has a presence across 26 countries. As of March 31 2019 The Company had 205 commissioned and contracted solar power projects with an aggregate capacity of 6870.12 MWp. The Company offers a complete range of customized solutions for solar power projects. The customers include leading independent power producers ('IPPs') developers and equity funds. It adopts a consultative approach to customers' solar energy needs and capabilities which enables it to provide customized solutions to meet their requirements. It follows a 'hub-and-spoke' business model where it manages the complete supply chain from India including the design and engineering functions and engages a few suppliers and third-party subcontractors and procure part of the raw materials for their operations locally in each of the markets where there is a cost advantage or to comply with local regulations. The company seeks to leverage this business model to procure products and services solutions for their customers at competitive prices.

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