Sterling & Wilson Renewable Energy Limited (SWREL), a leading player in the renewable energy sector, is setting its sights on ambitious global expansion plans with a focus on storage-linked solar growth. The company's strategic move comes as it leverages its substantial EPC portfolio and growing operations and maintenance pipeline.

Expanding Global Footprint

SWREL is actively pursuing international opportunities to strengthen its position in the global renewable energy market. The company's expansion strategy is underpinned by its impressive track record, boasting a 24.4 GW EPC portfolio across 28 countries. This extensive experience positions SWREL as a formidable player in the renewable energy EPC sector.

Focus on Storage-Linked Solar

A key component of SWREL's growth strategy is its emphasis on storage-linked solar projects. This focus aligns with the increasing global demand for integrated renewable energy solutions that can provide stable and reliable power supply. By combining solar power generation with energy storage capabilities, SWREL aims to offer more comprehensive and efficient solutions to its clients worldwide.

Leveraging O&M Expertise

SWREL is not only expanding its project portfolio but also capitalizing on its growing operations and maintenance (O&M) pipeline. The company currently manages an O&M portfolio of 9.1 GWp solar power projects, including those constructed by third parties. This extensive O&M experience provides SWREL with a steady revenue stream and enhances its ability to offer end-to-end solutions in the renewable energy sector.

Financial Performance and Future Outlook

While pursuing its expansion plans, SWREL has reported mixed financial results for the quarter ended September 30:

Despite the strong revenue growth, the company faced challenges, including a one-time exceptional write-off of approximately ₹637.00 crore due to an adverse arbitration ruling. This resulted in a reported PAT loss of ₹478.00 crore for Q2 FY2026.

However, SWREL's order book remains robust, with new order inflows of ₹3,775.00 crore during the fiscal year to date. The current unexecuted order value stands at ₹9,287.00 crore, providing strong revenue visibility for the coming quarters.

Strategic Initiatives for Margin Recovery

As part of its global expansion strategy, SWREL is focusing on margin recovery and order diversification. The company plans to leverage its extensive EPC experience and growing O&M capabilities to improve profitability across its operations.

Mr. C. K. Thakur, Global CEO of Sterling and Wilson Renewable Energy Group, commented on the company's performance and outlook: "Despite industry headwinds, SWREL delivered steady operational performance during the quarter, underlining our strong execution focus and strategic market positioning. Our consistent order inflow and expanding opportunities in India and International market reinforce our future potential."

As SWREL continues to pursue its global expansion and storage-linked solar growth strategy, the company remains optimistic about its long-term prospects in the rapidly evolving renewable energy landscape. With its strong order book and focus on innovative solutions, Sterling & Wilson Renewable Energy Limited is poised to play a significant role in the global transition to sustainable energy sources.

Sterling & Wilson Renewable Energy Limited (SWREL), a leading player in the renewable energy EPC sector, has announced three significant new project orders totaling approximately INR 1,772.00 crore, reinforcing its strong market position and execution capabilities.

Domestic Solar EPC Projects

SWREL has been declared the lowest bidder (L1) for two domestic solar EPC projects:

1. A 363 MWp DC project in Rajasthan
2. A 580 MWp DC project in Uttar Pradesh

Both projects will be executed on a Balance of System (BOS) basis, highlighting the company's expertise in providing comprehensive solar power solutions.

International Expansion

In addition to the domestic wins, SWREL has received a Letter of Intent for a 115 MWp project in South Africa, valued at approximately USD 120.00 million (INR 998.00 crore). This marks the company's third order in the South African market, demonstrating its growing international presence and capability to secure projects in competitive global markets.

Order Book Growth

With these new orders, SWREL's total EPC order inflows for the current fiscal year have surpassed INR 3,775.00 crore. This significant increase in the order book provides strong revenue visibility for the coming quarters.

Management Commentary

Mr. Chandra Kishore Thakur, Global CEO of Sterling and Wilson Renewable Energy Limited, expressed satisfaction with the recent wins, stating, "We are very happy to have won two more prestigious domestic solar projects and these project wins continue to reflect our strong positioning in a fast growing domestic market. Apart from our leading presence in India, we are also encouraged by the strong inroads we are making into another rapidly growing market in South Africa where we have bagged our third order worth USD 120 million."

Project Timelines and Margins

The company expects to complete these projects in Q1 FY2027 while maintaining its order booking margins, indicating confidence in its execution capabilities and financial management.

Financial Performance

According to the company's recent financial results:

The company's revenue showed a strong year-on-year growth of 70%, while operational EBITDA improved significantly by 170%, reflecting improved operational efficiency.

Outlook

With a current unexecuted order value of INR 9,287.00 crore and a healthy bid pipeline of 25.4 GW for FY2026, SWREL is well-positioned to capitalize on the growing demand for renewable energy solutions both in India and internationally. The company's focus on securing large-scale projects and expanding its global footprint is likely to drive its growth in the coming years.

As the renewable energy sector continues to gain momentum globally, SWREL's strong order book and execution capabilities place it in a favorable position to benefit from the industry's growth trajectory.