Mutual Funds Sahi Hai!
To avail the service, you will be redirected to loans.geojitcredits.com
This prestigious order is for a Balance of System (BOS) package for three Solar Power Projects at one of the World's largest RE projects at Khavda Renewable Energy Park, Gujarat. This order involves supply of goods and onsite services with total order valued at approximately Rs 1,381 crore excluding taxes.
SWREL is currently executing ~6 GW in the Khavda region with ~5 GW scheduled to be completed in this fiscal. With this project of 1 GW, SWREL continues to maintain a dominant position in the Gujarat region.
Sterling & Wilson Renewable Energy (SWREL) announced that it has won its second international project from South Africa this fiscal.
The company has been awarded a turnkey EPC contract for a 240 MW AC Solar PV project in South Africa. The total value of the contract is approximately USD 147 million ( Rs 1,313 crore).
With this new order, SWREL is currently implementing four turnkey Solar PV projects with four reputed developers in the South African market. The two ongoing projects bagged last fiscal have made strong operational progress and helped establish our presence in the market, while the two new projects bagged in the last two months significantly bolster our presence in the region. The Solar PV market in South Africa is witnessing strong growth due to corporate demand for energy security, declining costs, and grid stability.
With this latest win, SWREL is currently executing four turnkey Solar PV projects in South Africa with reputed developers. The two projects awarded last fiscal have shown strong operational progress, establishing the company’s presence in the market, while the two new projects secured in the past two months further strengthen its position in the region. The Solar PV market in South Africa continues to expand, driven by corporate demand for energy security, declining costs, and grid stability.
Commenting on the development, Chandra Kishore Thakur, Global CEO of SWREL, said, “We are very excited to announce our second international order from South Africa this fiscal within a span of two months. South Africa remains a key international market for us, where we are currently implementing four PV projects with reputed customers, reflecting our strong value proposition. With this order, SWREL has achieved Rs 5,088 crore of order inflows this fiscal, and the ordering momentum continues to remain robust.”
Sterling and Wilson Renewable Energy (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, hybrid & energy storage and wind solutions and has a total portfolio of over 24.4 GWp (including projects commissioned and under various stages of construction). SWREL also manages an operation and maintenance (O&M) portfolio of 9.1 GWp solar power projects, including for projects constructed by third parties.
The company reported a consolidated net profit of Rs 106.90 crore in Q2 FY26, steeply higher than Rs 7.05 crore posted in Q2 FY25. Revenue from operations jumped 69.7% to Rs 1,748.60 crore in Q2 FY26 over Q2 FY25.
Medplus Health Services Ltd, Strides Pharma Science Ltd, Schaeffler India Ltd and Gravita India Ltd are among the other gainers in the BSE's 'A' group today, 03 November 2025.
Sterling & Wilson Renewable Energy Ltd soared 9.66% to Rs 241.15 at 11:46 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 11.04 lakh shares were traded on the counter so far as against the average daily volumes of 2.5 lakh shares in the past one month.
Medplus Health Services Ltd spiked 9.20% to Rs 833.1. The stock was the second biggest gainer in 'A' group. On the BSE, 3.88 lakh shares were traded on the counter so far as against the average daily volumes of 2753 shares in the past one month.
Strides Pharma Science Ltd surged 8.37% to Rs 1013.95. The stock was the third biggest gainer in 'A' group. On the BSE, 2.38 lakh shares were traded on the counter so far as against the average daily volumes of 51635 shares in the past one month.
Schaeffler India Ltd exploded 7.91% to Rs 4334.75. The stock was the fourth biggest gainer in 'A' group. On the BSE, 13128 shares were traded on the counter so far as against the average daily volumes of 6012 shares in the past one month.
Gravita India Ltd spurt 7.37% to Rs 1790.95. The stock was the fifth biggest gainer in 'A' group. On the BSE, 1.36 lakh shares were traded on the counter so far as against the average daily volumes of 22037 shares in the past one month.
Sterling & Wilson Renewable Energy Ltd, Anupam Rasayan India Ltd, Wipro Ltd and Sequent Scientific Ltd are among the other losers in the BSE's 'A' group today, 17 October 2025.
CreditAccess Grameen Ltd lost 6.43% to Rs 1299.65 at 14:47 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 14402 shares were traded on the counter so far as against the average daily volumes of 11423 shares in the past one month.
Sterling & Wilson Renewable Energy Ltd tumbled 6.27% to Rs 227.85. The stock was the second biggest loser in 'A' group.On the BSE, 10.73 lakh shares were traded on the counter so far as against the average daily volumes of 1.83 lakh shares in the past one month.
Anupam Rasayan India Ltd crashed 5.87% to Rs 1061.7. The stock was the third biggest loser in 'A' group.On the BSE, 44829 shares were traded on the counter so far as against the average daily volumes of 6469 shares in the past one month.
Wipro Ltd corrected 5.02% to Rs 241. The stock was the fourth biggest loser in 'A' group.On the BSE, 11.39 lakh shares were traded on the counter so far as against the average daily volumes of 3.72 lakh shares in the past one month.
Sequent Scientific Ltd dropped 4.81% to Rs 204.7. The stock was the fifth biggest loser in 'A' group.On the BSE, 21766 shares were traded on the counter so far as against the average daily volumes of 1.2 lakh shares in the past one month.
The company has been declared L1 for Engineering, Procurement and Construction of a 363 MWp DC PV plant for a PV project in Rajasthan, India.
The company also been declared L1 for Engineering, Procurement and Construction of a 580 MWp DC PV plant for a PV project in Uttar Pradesh, India. Both the domestic orders are on BOS basis.
The company also received a LOI for a 115 MWp project in South Africa worth ~USD 120 million.
The total EPC value of the three new orders is approximately Rs 1,772 crore, and total order inflows this fiscal is already touched Rs 3,775 crore.
The loss is due to an exceptional charge of Rs 580.10 crore recorded in the September 2025 quarter.
The company stated that during the earlier year, a wholly owned subsidiary company (WOS) of the Group had terminated a contract with a major subcontractor in a particular geography for delays and default of its obligations under the contract.
During the quarter, the Arbitral Tribunal passed an interim award in this matter whereby the claims that were considered recoverable of Rs 485.64 crore ($55.06 million) by WOS were dismissed and the subcontractor has been granted a claim amount of Rs 56.80 crore ($6.44 million) plus interest.
Accordingly, during the quarter, the Group has charged off Rs 580.10 crore (including estimated legal cost) in the statement of unaudited financial results for the quarter and six months ended 30 September, 2025 and classified the same as an exceptional item.
Sterling and Wilson Renewable Energy has recorded 70% YoY rise in revenue to Rs 1,749 crore in Q2 FY26. The revenue growth was driven by higher execution pace across large-scale domestic EPC projects and improving international contributions.
Operational EBITDA for Q2 FY26 was Rs 62 crore as against Rs 23 crore in Q2 FY25. It was supported by continued operating discipline and stable overhead management.
The company’s gross profit for the quarter was Rs 156 crore, with margins reflecting the mix shift toward turnkey domestic projects commenced during the quarter.
The company secured projects (including L1) worth nearly Rs 3,000 crore since Q1, taking the total order inflow this fiscal to Rs 3,775 crore.
The current unexecuted order value stands at Rs 9,287 crore. The overall order pipeline continues to remain healthy, driven by upcoming opportunities in India, Africa and Europe.
C. K. Thakur, global CEO, Sterling and Wilson Renewable Energy Group, said: 'Despite industry headwinds, SWREL delivered steady operational performance during the quarter, underlining our strong execution focus and strategic market positioning.
Our consistent order inflow and expanding opportunities in India and International market reinforce our future potential.'