Sterling & Wilson Renewable Energy and its joint venture partner Hassan Allam Construction have secured an order valued at approximately USD 560 million for the West Minya Solar Power Project in Egypt. The project, located in the Minya Governorate, involves the engineering, procurement, and construction of a 1,000 MWac capacity Solar PV plant integrated with a 600 MWh Battery Energy Storage System (BESS). This development represents one of Egypt's largest utility-scale renewable energy projects and underscores the company's expanding footprint in the MENA region.

The joint venture, structured as a 50-50 partnership, will oversee the full scope of work including the installation of photovoltaic generation facilities, battery energy storage infrastructure, grid interconnection works, and transmission facilities. The order marks the third GW-scale project secured by the company in the past nine months, reflecting a trend toward larger PV projects and the integration of complex storage technologies.

Project Details

Chandra Kishore Thakur, Global CEO of Sterling and Wilson Renewable Energy Group, highlighted the strategic importance of the order, stating that the company is proud to support Egypt's decarbonisation journey. He emphasized that the project leverages the company's deep expertise and proven execution capabilities to unlock the region's renewable energy potential. Thakur further noted that the repeat orders at a gigawatt scale demonstrate the trust customers place in the company's ability to deliver complex projects involving technologies like Battery Energy Storage Systems.

Sterling & Wilson Renewable Energy has received a revised goods and services tax (GST) demand of approximately INR 2.97 crore from the Assistant Commissioner of CGST, Vijayawada, Andhra Pradesh. The order, dated June 18, 2026, was received by the company on June 26, 2026, and pertains to a shortfall in tax payment and mismatch of input tax credit for the period from April 2018 to March 2023. The company stated that there is no material impact on its financials resulting from this revised demand.

The revised demand aggregates to approximately INR 2.97 crore, excluding applicable interest and penalty. This figure represents a marginal increase compared to the earlier demand of approximately INR 2.96 crore, which was also exclusive of interest and penalty. The communication follows a previous disclosure made by the company on December 20, 2025.

Details of the GST Demand

The regulatory filing provided specific details regarding the nature and financial implications of the order received from the GST authorities.

Company Response and Impact

Sterling & Wilson Renewable Energy stated that it is currently in the process of evaluating the contents of the order to decide on the future course of action. Regarding the financial implications, the company clarified that there is no material impact on its financials resulting from this revised demand. The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.