Sterling & Wilson Solar soars as its arm signs order worth $121.7 million in USA
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Sterling and Wilson Solar is currently trading at Rs. 258.10, up by 5.85 points or 2.32% from its previous closing of Rs. 252.25 on the BSE.
The scrip opened at Rs. 256.00 and has touched a high and low of Rs. 260.75 and Rs. 251.10 respectively. So far 26469 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 327.00 on 24-Mar-2021 and a 52 week low of Rs. 69.75 on 31-Mar-2020.
Last one week high and low of the scrip stood at Rs. 304.05 and Rs. 242.00 respectively. The current market cap of the company is Rs. 4045.08 crore.
The promoters holding in the company stood at 75.35%, while Institutions and Non-Institutions held 9.39% and 15.27% respectively.
Sterling and Wilson Solar Solutions, Inc (SWSS), the US subsidiary of Sterling and Wilson Solar (SWSL), has signed an order worth $121.7 million (Rs 890 crore) in the Pacific Northwest region of the United States of America (USA). The order has been received from a leading sustainable energy company and is scheduled to be commissioned by Q4 FY 2022. SWSS will be managing the entire turn-key execution for the PV project.
The US market is one of the largest renewable markets globally and it has been the company’s focus to become a significant player in this very important market. The current order is from an existing customer in the US which shows that the company’s global presence and local capabilities can play a significant role in becoming one of the leading solar EPC companies in the country.
Sterling & Wilson Solar is engaged in the business of construction and maintenance of power plants. The company's products and services range include Contract activities and Operation Services.
