Sterling and Wilson Renewable soars on bagging order worth Rs 1,381 crore
Sterling and Wilson Renewable Energy is currently trading at Rs. 235.15, up by 9.20 points or 4.07% from its previous closing of Rs. 225.95 on the BSE.
The scrip opened at Rs. 232.50 and has touched a high and low of Rs. 238.35 and Rs. 230.20 respectively. So far 1054 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 526.00 on 09-Dec-2024 and a 52 week low of Rs. 216.05 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 238.35 and Rs. 223.80 respectively. The current market cap of the company is Rs. 5276.65 crore.
The promoters holding in the company stood at 45.72%, while Institutions and Non-Institutions held 10.27% and 44.00% respectively.
Sterling and Wilson Renewable Energy has signed a 5-year Strategic Partnership Framework Agreement, and received its first PO from Adani Green Energy. This 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 around Rs 1,381 crore excluding taxes. The company is currently executing around 6 GW in the Khavda region with around 5 GW scheduled to be completed in this fiscal. With this project of 1 GW, the company continues to maintain a dominant position in the Gujarat region. With this order win, the company has now achieved more than Rs 6,450 crore of order inflows this fiscal.
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.
