Sterling and Wilson Renewable Energy Secures Lowest Bid for 225 MW Solar Project in Gujarat
Sterling and Wilson Renewable Energy has emerged as the lowest bidder for a 225 MW (AC) solar project in Gujarat, to be developed for a public sector undertaking (PSU) on an Engineering, Procurement, and Construction (EPC) basis. This win showcases the company's competitive edge in offering cost-effective solutions in the renewable energy sector and aligns with India's push for increased clean energy adoption.
25Apr 25
Sterling and Wilson Renewable Energy Streamlines Operations: Dissolves Six Spanish Subsidiaries and Approves ESOP Plan
Sterling and Wilson Renewable Energy Limited (SWRE) has announced the dissolution of six inactive Spanish subsidiaries effective April 24, 2025. The company has also approved an Employee Stock Option Plan II 2025, offering 18,98,815 options to employees. Additionally, the Board recommended the re-appointment of Mr. Chandra Kishore Thakur as the Manager for two more years, from September 1, 2025, to August 31, 2027.
25Apr 25
Sterling and Wilson Renewable Energy Posts Strong Q4 Results, Misses Profit Estimates
Sterling and Wilson Renewable Energy Limited (SWREL) achieved its highest quarterly revenue of ₹2,519.11 crore in Q4 FY25, a 114% year-on-year increase. Full-year FY25 revenue doubled to ₹6,301.86 crore. Q4 net profit rose to ₹55.01 crore, below the expected ₹70.15 crore. FY25 saw a turnaround with ₹85.55 crore profit. Order inflows increased 17% to ₹7,051.00 crore in FY25. Despite strong revenue, share price fell 5% post-results announcement.
Sterling & Wilson Expands Renewable Portfolio with INR 1,470 Crore Wind and Solar Projects
Sterling & Wilson has announced a significant expansion of its project portfolio, securing new orders worth INR 1,470.00 crore in wind and solar energy projects. The company has made a strategic entry into the Wind EPC sector, diversifying its renewable energy offerings. Additionally, Sterling & Wilson has secured three new projects in the solar and hybrid energy space. This expansion demonstrates the company's commitment to providing comprehensive solutions across various renewable energy technologies and positions it as a versatile player in the green energy sector.
11Mar 25
Sterling and Wilson Renewable Energy Appoints New CFO with Diverse Expertise
Sterling and Wilson Renewable Energy Limited (SWREL) has appointed Ajit Pratap Singh as its new Chief Financial Officer, effective March 24, 2025. Singh brings extensive experience in finance and diverse industry backgrounds. He holds multiple academic degrees and professional certifications. Sandeep Mathew, the interim CFO, will step down but continue as Head of Investor Relations. The appointment follows recommendations from the Nomination and Remuneration Committee and the Audit Committee.