Sterling And Wilson

Sterling & Wilson Renewable gains 5% on securing this deal from Adani Green

Around 10:30 AM, Sterling & Wilson Renewable Energy shares continued to trade higher, up 1.97 per cent at ₹230.40 apiece. In comparison, BSE Sensex was trading 0.30 per cent higher at 85,964.58 levels

Sterling & Wilson Renewable Energy rises 5% on securing this deal; details

Around 10:00 AM, Sterling & Wilson Renewable Energy shares continued to trade higher, up 2.39 per cent at ₹231.35 apiece. In comparison, BSE Sensex was trading 0.30 per cent higher at 85,869.58 levels

Sterling and Wilson Renewable Energy reports ₹477.62 cr loss in Q2

Sterling and Wilson Renewable Energy on Friday reported a consolidated net loss of Rs 477.62 crore in the September quarter, due to an exception item of Rs 580.10 crore during the period under review. The company posted a consolidated net profit of Rs 8.57 crore in the quarter ended on September 30, 2024, a BSE filing showed. Last year, a wholly owned subsidiary (WOS) company of the group terminated a contract with a major subcontractor in a particular geography for delays and default of its obligations under the contract, the statement said. During the quarter, an arbitral tribunal passed an interim award in this matter whereby the claims made by WOS, totalling Rs 485.64 crore (USD 55.06 million), considered recoverable were dismissed, and the subcontractor has been granted a claim amount of Rs 56.80 crore (USD 6.44 million) plus interest. Accordingly, it stated that during the quarter, the group had charged off Rs 580.10 crore (including estimated legal cost) in the statement of

India's net-zero push to boost RIL, Waaree Energies, SWSolar: Analysts

On the bourses at 9:40 AM, Waaree Energies raced 2.15 per cent higher to ₹3,712.75, and SWSolar moved up 1.36 per cent to ₹267.60. RIL, meanwhile, was trading 0.2 per cent lower at ₹1,391.50.

Sterling & Wilson Renewable jumps 6% on winning ₹415-crore order

Sterling & Wilson Renewable shares rose 5.7 per cent, after the company received a letter of intent (LoI) for a ₹415 crore solar power project in Rajasthan

Sterling & Wilson Renewable Energy up 2% on emerging lowest bidder; details

Sterling and Wilson Renewable Energy rose after emerging lowest bidder for a turn-key EPC package for development of a 225 MW (AC) grid connected solar PV project in Gujarat.

SWREL Global CEO announces 225 MW solar project in Gujarat region

Sterling and Wilson Renewable Energy on Thursday said it has secured a 225 MW solar project in Gujarat. Sterling and Wilson Renewable Energy Limited (SWREL), a domestic renewable energy EPC company, emerged as the L1 bidder in a tender issued by a leading PSU developer for a turnkey EPC package to develop a 225 MW (AC) grid-connected solar PV project in Gujarat, according to a company statement. SWREL Global CEO Chandra Kishore Thakur said, "We are thrilled to announce our first domestic order of FY26 from a very reputed PSU developer and continue to build on our strong position in the Gujarat market." SWREL provides engineering, procurement, and construction (EPC) services for utility-scale solar, floating solar and hybrid & energy storage solutions and has a total portfolio of over 22.6 GWp (including projects commissioned and under various stages of construction). It also manages an operation and maintenance (O&M) portfolio of 8.7 GWp solar power projects, including ...

Sterling and Wilson shares rally 8% on ₹1,470 crore order win

Sterling and Wilson's stock was among the top losers in the last financial year with a decline of 52 per cent.

Mazagon, Paytm, IndusInd: These are top wealth creators, destroyers of FY25

After a period of being net buyers in the first half of the fiscal year, FIIs reversed their stance in the second half, unloading over ₹1.5 lakh crore worth of Indian equities

Morgan Stanley buys 1.5% stake in Sterling and Wilson for Rs 103 crore

Investment banking firm Morgan Stanley on Tuesday bought a 1.5 per cent stake in Sterling and Wilson Renewable Energy for Rs 103 crore through an open market transaction. Billionaire Mukesh Ambani's Reliance New Energy and Shapoorji Pallonji Group's promoted-Sterling and Wilson Renewable Energy Ltd (SWREL) are the leading solar EPC solution providers. US-based Morgan Stanley through its affiliate Morgan Stanley Asia Singapore purchased 36.44 lakh shares, amounting to a 1.56 per cent stake in Mumbai-based Sterling and Wilson Renewable Energy, as per the bulk deal data available on the NSE. The shares were disposed of at an average price of Rs 282.20 apiece, taking the transaction value to Rs 102.84 crore. Meanwhile, Goldman Sachs, through its arm Goldman Sachs Funds - Goldman Sachs India Equity Portfolio, sold 34.27 lakh shares or a 1.47 per cent stake in SWREL for Rs 97 crore. The shares were offloaded at an average price of Rs 282.46 apiece, taking the deal size to Rs 96.82 crore

Cyient, Mah Life, SW Solar at 52-week lows; can fall up to 23%; hint charts

Chart shows that stocks like Cyient, Rajesh Exports, Mahindra Life, SW Solar and Gujarat Pipavav have tumbled up to 81 per cent from the highs in around last two years; Bias remains negative.

Sterling and Wilson Renewable reports Q3 net profit at Rs 17.14 crore

Sterling and Wilson Renewable Energy Ltd (SWREL) on Thursday posted a consolidated net profit of Rs 17.14 crore for December quarter FY25 mainly on the back of higher revenues. The company had incurred a net loss of Rs 62.39 crore in the year-ago, period, according to a BSE filing. Total income rose to Rs 1,842.67 crore from Rs 610.31 crore in the same period a year ago. The company's board also approved the appointment of Sandeep Thomas Mathew, currently holding the position of Head Investor Relations, as the interim Chief Financial Officer with effect from January 16, 2025, till the time new CFO is appointed. Further, the company informed the bourse that Amit Jain has resigned as Global CEO SWREL Group. He will be relieved from his services on February 28, 2025. Jain will be replaced by Chandra Kishore Thakur, CEO Asia, Africa, LATAM & Europe with, with effect from March 1, 2025. "Our performance this quarter brings forth the resilience of our business model. We are ...

Sterling & Wilson surges 6% on Rs 1,200 cr-order for solar project; details

The uptick in the Sterling & Wilson Renewable Energy share price came after the company announced that it has received Letter of Intent (LoI) for an order worth approximately Rs 1,200 crore in Gujarat

Sterling and Wilson bags Rs 1,200 crore solar EPC order in Gujarat

The engineering, procurement, and construction (EPC) contract includes the design, engineering, and installation of the balance-of-system (BoS) components

Sterling and Wilson Renewable Energy up 3% on Rs 504 cr-order win; details

The uptick in Sterling and Wilson Renewable Energy shares came after the company announced that it has received a new domestic order from a Private IPP worth Rs 504 crore

Sterling Wilson Renewable Energy promoters sell 7.14% stake for Rs 1,040 cr

Shapoorji Pallonji and Company and Khurshed Yazdi Daruvala, promoters of Sterling And Wilson Renewable Energy, on Friday divested a 7.14 per cent stake in the company for Rs 1,040 crore via open market transactions. According to the bulk deal data available with the NSE, Shapoorji Pallonji and Company Pvt Ltd offloaded 1.35 crore shares, amounting to a 5.78 per cent stake in Sterling And Wilson Renewable Energy (SWSOLAR). In addition, Khurshed Yazdi Daruvala sold 31.50 lakh shares or 1.35 per cent holding in solar EPC solutions provider Sterling And Wilson Renewable Energy. The shares were disposed of in the price range varying from Rs 623.28-630.01 apiece, taking the combined transaction value to Rs 1,039.88 crore. After the stake sale, Shapoorji Pallonji and Company's shareholding in SWSOLAR has declined to 6.95 per cent from 12.73 per cent, while Daruvala's stake has come down to 0.13 per cent from 1.48 per cent. Also, the combined shareholding of promoter and promoter group ha

Sterling and Wilson Renewable Energy reports Rs 4.8 cr profit in Q1 profits

Sterling and Wilson Renewable Energy Ltd on Thursday posted a net profit of Rs 4.83 crore for the June quarter. It had clocked a net loss of Rs 95.32 crore in the year-ago period, the company said in an exchange filing. The company's total income rose to Rs 927.89 crore from Rs 522.35 crore in the same quarter a year ago. The expenses stood at Rs 913.23 crore during the quarter as against Rs 617.68 a year earlier. In a statement, Sterling and Wilson Renewable Energy Group Global CEO Amit Jain said, "We are well-positioned to continue this upward trajectory and deliver enhanced value to all our stakeholders." The company's current order book stands at Rs 2,170 crore, while net debt was at Rs 97 crore. Sterling and Wilson Renewable Energy Ltd is an end-to-end renewable engineering, procurement, and construction solutions provider for utility-scale solar, floating solar and hybrid and energy storage solutions.

This renewable EPC solution provider stk has zoomed 119% against QIP price

Sterling and Wilson Renewable Energy stock price has rallied 53% as the company's March quarter profit before tax and profit after tax turned positive after nearly 12 quarters

Sterling and Wilson Renewable soars 10% as it logs profit after 12 quarters

As SWREL comes back stronger, the management said they remain confident of delivering an improved performance in terms of growth and revenues over the next few quarters

Sterling & Wilson Renewable Energy reports Rs 1.40 crore net profit in Q4

Sterling & Wilson Renewable Energy Limited (SWREL) has posted a net profit of Rs 1.40 crore during the quarter ended March 2024 on account of increased income. It had reported a net loss of Rs 421.11 crore in the January-March period of preceding 2022-23 financial year, the company said in an exchange filing on Saturday. For the whole FY24, the company reported narrowing of its net loss to Rs 210.79 crore from Rs 1,174.96 crore net loss recorded in FY23. During the fourth quarter of FY24, the company's total income increased to Rs 1,211.40 crore from Rs 86.36 crore in the year ago. While the income rose to Rs 3,120.79 crore during the full fiscal from Rs 2,125.87 crore in the preceding fiscal. The expenses in the reporting quarter was at Rs 1,177.66 crore, up from Rs 503.88 crore registered in the same period last fiscal. The expenses were at Rs 3,293.11 crore in FY24 as against Rs 2,304.61 crore in the previous fiscal. In an investor presentation, the company said it had ...