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01-01-1970 12:00 AM | Source: Accord Fintech
Sterling and Wilson jumps as its arm invests in SWRE Spain
News By Tags | #5269 #572 #7182 #7847

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Sterling and Wilson Renewable Energy is currently trading at Rs. 331.35, up by 10.45 points or 3.26% from its previous closing of Rs. 320.90 on the BSE.

The scrip opened at Rs. 321.85 and has touched a high and low of Rs. 333.30 and Rs. 317.65 respectively. So far 49306 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 509.00 on 11-Oct-2021 and a 52 week low of Rs. 273.35 on 27-Jul-2022.

Last one week high and low of the scrip stood at Rs. 333.30 and Rs. 286.50 respectively. The current market cap of the company is Rs. 6133.73 crore.

The promoters holding in the company stood at 78.56%, while Institutions and Non-Institutions held 5.43% and 16.00% respectively.

Sterling and Wilson Renewable Energy’s wholly owned subsidiary -- Sterling and Wilson International Solar FZCO (SWFZCO) has invested in 10,000 fully paid Equity shares of Euro 1 each of Sterling and Wilson Renewable Energy Spain S.L. (SWRE Spain) representing 100% of shareholding in SWRE Spain on September 20, 2022, consequent to which SWRE Spain has now been capitalized as a wholly owned subsidiary of SWFZCO.

Sterling and Wilson Renewable Energy 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.