Rs 9,396 crore order book: Reliance Group-backed solar EPC company announces new domestic orders totalling Rs 512 crore

The stock gave multibagger returns of over 160 per cent from its 52-week low of Rs 253.40 per share.

Sterling and Wilson Renewable Energy Limited (SWREL) has secured two new domestic solar EPC orders worth approximately Rs 512 crore. The company has been awarded a contract for a 250 MWp DC solar project in Gujarat and a 65 MWp DC solar project in Maharashtra. Notably, both orders are from existing clients, underscoring SWREL's strong execution capabilities and reputation in the Indian renewable energy market. These projects further solidify SWREL's position as a leading player in the domestic solar EPC space.

About Sterling and Wilson Renewable Energy Limited

Sterling and Wilson Renewable Energy Limited (SWREL) is a global pure-play, end-to-end renewable engineering, procurement, and construction (EPC) solutions provider. The company provides EPC services for utility-scale solar, floating solar and hybrid & energy storage solutions and has a total portfolio of over 19.4 GWp (including projects commissioned and under various stages of construction). SWREL also manages an operation and maintenance (O&M) portfolio of 8.2 GWp solar power projects, including projects constructed by third parties. Present in 28 countries today, Sterling and Wilson Renewable Energy Limited has operations in India, Southeast Asia, the Middle East, Africa, Europe, Australia and the Americas.

The company boasts a market capitalization exceeding Rs 15,000 crore, and as of June 30, 2024, its order book stands at a substantial Rs 9,396 crore. Notably, the company is backed by the Reliance Group, with Reliance New Energy Limited, a key player within the Reliance Group, holding a significant 32.53 per cent stake. The stock gave multibagger returns of over 160 per cent from its 52-week low of Rs 253.40 per share. Investors should keep an eye on this Reliance Group-backed solar EPC stock.

Disclaimer: The article is for informational purposes only and not investment advice.