~It includes comprehensive O&M contract for a period of three years

New Delhi; December 23, 2024: Sterling and Wilson Renewable Energy Limited (SWREL) (BSE Scrip Code: 542760; NSE Symbol: SWSOLAR), a leading renewable EPC is proud to announce that it has received LoI for a prestigious new order totaling approx. Rs 1,200 crore in Gujarat.

The company received an order for Design, Engineering, Procurement and Construction of Balance of System (BOS) for 500 MW (AC) Solar PV project on epc basis. In addition to EPC with single point responsibility, it will also include comprehensive O&M for a period of three years.

Speaking on the new order announcement, Mr. Amit Jain, Global CEO, Sterling and Wilson Renewable Energy Group shared, “We are proud to receive this prestigious order, which will support India and especially Gujarat’s transition towards clean energy. It is a matter of immense satisfaction for us that customers continue to repose their trust in our team to be a part of their growth in the domestic renewable market. India is one of the world’s largest energy markets and must therefore focus on sustainable options to mitigate climate challenges while strengthening energy security, job creation and economic growth. We therefore remain confident about the future growth of India’s renewable energy sector and our increased role towards supporting it”, he added.

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Speaking on the order wins, Mr. Amit Jain, Global CEO, Sterling and Wilson Renewable Energy Group shared, “We are very happy to bag two more prestigious domestic solar projects from leading Private IPPs and these project wins showcase our strong positioning in a fast-growing market. Both orders have been received from repeat clients thereby reaffirming our robust execution credentials. In the current year, out of the 6 major domestic orders received, 5 are from our existing clients showing the confidence customers have reposed in us to be a part of their growth in the domestic renewable market. “

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 Key Highlights

~ Received a new domestic solar EPC order for a 400 MW AC / 633 MW DC project in Rajasthan, India

 ~ Scope of work includes EPC of PV plant and 33/220 kV pooling substation

 ~ Total order inflows this quarter are around INR 900 crore, which are in addition to ~INR 2,170 crore order inflow announced in Q1FY25

 Mumbai; August 11, 2024: Sterling and Wilson Renewable Energy Limited (SWREL) (BSE Scrip Code: 542760; NSE Symbol: SWSOLAR), a leading domestic renewable EPC is proud to announce that it has received a prestigious new order for the Engineering, Design, Testing & Commissioning of a 400 MW AC / 633 MW DC PV plant along with Supply & Works for a 33/220 kV switchyard to be built at plant for a PV project in Rajasthan, India. The total value of works including taxes, levies and duties is approximately ~INR 550+ crore.

Speaking on the order win, Mr. Amit Jain, Global CEO, Sterling and Wilson Renewable Energy Group, said, “We are thrilled to receive another large domestic order from a leading private renewable IPP in India. The Indian market continues to grow rapidly and as an established home-grown EPC player we are geared to target this high growth.”

“With this order win, SWREL has now achieved around INR 900 crore of domestic order inflows in the second quarter of FY25. This is in addition to the order inflow of ~INR 2,170 crore seen in the first quarter, and we remain confident of further augmenting this order momentum due to a strong domestic bid pipeline being in place”, he further added.

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