Sterling and Wilson Renewable surges on receiving LoI from leading Private IPP
Sterling and Wilson Renewable Energy is currently trading at Rs. 275.70, up by 9.25 points or 3.47% from its previous closing of Rs. 266.45 on the BSE.
The scrip opened at Rs. 275.00 and has touched a high and low of Rs. 281.90 and Rs. 270.75 respectively. So far 476326 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 758.35 on 13-Sep-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. 281.90 and Rs. 259.75 respectively. The current market cap of the company is Rs. 6480.51 crore.
The promoters holding in the company stood at 45.73%, while Institutions and Non-Institutions held 13.44% and 40.83% respectively.
Sterling and Wilson Renewable Energy has received a Letter of Intent (LOI) from a leading Private Independent Power Producer (IPP) for a BOS EPC package for development of a 300 MW AC / 420 MWp DC Solar PV Project along with 220/33 kV Pooling Substation in Rajasthan, India. Total value of the contract is approximately Rs 415 crore including O&M and taxes.
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.
