Sterling and Wilson Renewable zooms on bagging order worth Rs 1,535 crore
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Sterling and Wilson Renewable Energy is currently trading at Rs. 359.90, up by 11.20 points or 3.21% from its previous closing of Rs. 348.70 on the BSE.
The scrip opened at Rs. 348.70 and has touched a high and low of Rs. 366.10 and Rs. 338.00 respectively. So far 57941 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 1 has touched a 52 week high of Rs. 408.75 on 07-Aug-2023 and a 52 week low of Rs. 255.25 on 26-Dec-2022.
Last one week high and low of the scrip stood at Rs. 370.00 and Rs. 338.00 respectively. The current market cap of the company is Rs. 6861.68 crore.
The promoters holding in the company stood at 69.04%, while Institutions and Non-Institutions held 9.83% and 21.13% respectively.
Sterling and Wilson Renewable Energy (SWRE) has received the notification of award for the EPC project of 300 MWac of NTPC Renewable Energy (NTPC REL) at Khavda RE Power Park, Rann of Kutch, Gujarat. The total Contract Price, including O&M for 3 years, would be Rs 1,535 crore (inclusive of taxes).
This is the third order for SWRE from NTPC REL in just over a year. This 300 MWac project is synergistically located between the first two projects won. The formal contract signing is likely to happen in due course.
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.
