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Latest news about Sterling & Wilson Renewable Energy

Sterling & Wilson Renewable Energy Receives GST Order Worth ₹23.65 Lakhs from CGST Jaipur 16 hours ago Yesterday

Sterling & Wilson Renewable Energy Limited received a GST order worth ₹23.65 lakhs from CGST Jaipur for tax shortfall during April 2018-March 2019, excluding penalty and interest. The matter is covered under indemnity agreement with Reliance New Energy Limited, Shapoorji Pallonji and Co. Private Limited, and Mr. Khurshed Daruvala. The company is evaluating the order to decide future course of action and made this disclosure under SEBI Regulation 30 on December 24, 2025.

Sterling and Wilson Renewable Energy Receives ₹2.96 Crore GST Order from Andhra Pradesh Authorities 4 days ago

Sterling & Wilson Renewable Energy Receives GST Order Worth ₹6.85 Lakh for Input Tax Mismatch Dec 11, 2025

Sterling & Wilson Renewable Energy Incorporates Romanian Subsidiary for European Expansion Dec 10, 2025

Sterling Wilson Renewable Energy Secures Credit Rating Upgrades After Successful Appeal Dec 09, 2025

More news about Sterling & Wilson Renewable Energy

29Nov 25

Sterling and Wilson Renewable Energy Receives Partial Indemnity Payment, Awaits Remainder

Sterling & Wilson Renewable Energy Limited (SWREL) has received Rs. 31.42 crore from Mr. Khurshed Yazdi Daruvala as part of a total indemnity claim of Rs. 174.54 crore. The company is still awaiting Rs. 143.12 crore from Shapoorji Pallonji and Company Private Limited (SPCPL), due by January 31, 2026. SPCPL has confirmed its commitment to pay the full amount within the specified timeframe. The indemnity claim stems from agreements made in 2021 involving SWREL, promoter selling shareholders, and Reliance New Energy Limited.

27Nov 25

Sterling and Wilson Renewable Energy Secures INR 1,381 Crore Order from Adani Green Energy, Boosting Order Inflows

Sterling & Wilson Renewable Energy Limited (SWREL) has received a Balance of System package order worth INR 1,381 crore from Adani Green Energy Limited for three solar power projects at Khavda Renewable Energy Park, Gujarat. SWREL also signed a 5-year Strategic Partnership Framework Agreement with Adani Green Energy. The company's total order inflows for the current fiscal year now exceed INR 6,450 crore.

04Nov 25

Retail Investors Boost Stakes in Underperforming Stocks During Q2 FY24

Retail investors have significantly increased their holdings in some of the market's worst-performing stocks during the September quarter. Notable increases include Sterling & Wilson Renewable Energy (35.30% increase), Tejas Networks (22.10% increase), and Praj Industries (28.60% ownership, up 5.30 percentage points). These stocks have seen 12-month performance declines of up to 60%. This trend contrasts with broader market gains, as the BSE 500 index gained 5% and Nifty50 returned 7% during the same period. The number of demat accounts reached 20.70 crore in September, with retail investors now accounting for over half of daily trades. However, a SEBI study found that 91% of individual traders in equity derivatives incurred net losses in FY25, totaling ₹1.06 lakh crore.

26Oct 25

Sterling and Wilson Renewable Energy Reports Q2 Loss of ₹478 Crore Amid Legal Setbacks

Sterling & Wilson Renewable Energy Ltd. reported a quarterly loss of ₹478 crore in Q2, primarily due to exceptional items totaling ₹637 crore related to legal matters. The company faced significant write-offs from arbitration rulings and settlements. Despite these challenges, operational revenue grew by 70% year-on-year to ₹1,749 crore. The company secured new orders worth ₹3,775 crore in the current fiscal year, with an unexecuted order value of ₹9,287 crore. Management maintains a 20% revenue growth guidance for the year.

20Oct 25

Sterling & Wilson Renewable Energy Secures Three New Orders Worth ₹17.72 Billion

Sterling & Wilson Renewable Energy, also known as Sw Solar, has won three new contracts totaling ₹17.72 billion (₹1,772 crore). The company, based in Mumbai, has significantly expanded its order book with these wins, potentially strengthening its position in the renewable energy market. While specific details about the contracts remain undisclosed, this development is likely to be viewed positively by investors, indicating strong market demand and the company's competitive edge in the solar energy sector.

17Oct 25

Sterling & Wilson Renewable Eyes Global Growth with Storage-Solar Integration

Sterling & Wilson Renewable Energy Limited (SWREL) is pursuing global expansion with emphasis on storage-linked solar projects. The company boasts a 24.4 GW EPC portfolio across 28 countries and manages a 9.1 GWp O&M portfolio. Despite mixed Q2 FY2026 results, including a one-time write-off, SWREL's order book remains strong with new inflows of ₹3,775.00 crore and an unexecuted order value of ₹9,287.00 crore. The company aims to leverage its EPC experience and O&M capabilities to improve profitability while expanding globally.

17Oct 25

Sterling and Wilson Renewable Energy Secures New Orders Worth INR 1,772 Crore, Boosting Order Book

Sterling & Wilson Renewable Energy Limited (SWREL) has won three new project orders worth INR 1,772 crore. These include two domestic solar EPC projects in Rajasthan (363 MWp DC) and Uttar Pradesh (580 MWp DC), both on a Balance of System basis. Additionally, SWREL received a Letter of Intent for a 115 MWp project in South Africa valued at USD 120 million. The company's total EPC order inflows for the current fiscal year have exceeded INR 3,775 crore. SWREL expects to complete these projects by Q1 FY2027 while maintaining order booking margins. The company's Q2 FY2026 financial results show a 70% YoY revenue growth to INR 1,749 crore and a 170% increase in operational EBITDA to INR 62 crore.

17Oct 25

Sterling and Wilson Renewable Energy Reports 70% Revenue Growth Despite INR 637 Crore Write-off

Sterling & Wilson Renewable Energy Limited (SWREL) reported a 70% year-on-year increase in quarterly revenue to INR 1,749.00 crore. Operational EBITDA improved to INR 62.00 crore from INR 23.00 crore in the previous year quarter. However, the company faced a net loss of INR 478.00 crore due to a one-time write-off of INR 637.00 crore from an adverse US arbitration ruling. SWREL secured new orders worth INR 3,775.00 crore during the fiscal year to date, with an unexecuted order value of INR 9,287.00 crore. The company's total portfolio exceeds 24.4 GWp across 28 countries.

13Oct 25

Sterling & Wilson Renewable Energy Resolves Arbitration with OEG for $2.25 Million

Sterling & Wilson Renewable Energy has reached a settlement agreement with OEG to resolve an ongoing arbitration dispute. The company will pay $2.25 million to OEG as part of the settlement terms, bringing closure to certain claims and counterclaims. This resolution allows Sterling & Wilson Renewable Energy to focus on its core business operations in the renewable energy sector without the distraction of ongoing legal proceedings.

10Oct 25

Sterling and Wilson Renewable Energy Settles $2.25 Million Arbitration with OEG Inc.

Sterling & Wilson Renewable Energy Limited's subsidiary, Sterling and Wilson Solar Solutions Inc., has reached a $2.25 million settlement with OEG Inc. USA, resolving claims from an arbitration. The settlement, payable in two installments, will impact SWREL's financials by approximately INR 19.95 crore. SWSS has withdrawn certain counterclaims but reserved the right to pursue them in the future. SWREL disclosed this information under SEBI regulations and announced an upcoming board meeting to review financial results.

07Oct 25

Tata Trusts and Tata Sons Eye 4-6% Stake in SP Group Amid Debt Concerns

Tata Trusts and Tata Sons are reportedly negotiating to purchase a 4-6% stake in the Shapoorji Pallonji (SP) Group. This potential acquisition aims to help alleviate SP Group's substantial debt burden of ₹30,000.00 crore. The deal could provide financial relief to SP Group while offering Tata entities a strategic investment opportunity in a diversified conglomerate.

22Sept 25

Sterling and Wilson Renewable Energy Faces Multiple Financial Challenges

Sterling & Wilson Renewable Energy Limited is facing financial challenges due to an unfavorable arbitration outcome and a letter of credit drawdown. The company lost an arbitration claim of $55.06 million and must pay $6.44 million plus interest to Conti, LLC. Additionally, a customer, Montague Solar LLC, drew down a $7.19 million letter of credit. The company is pursuing recovery through litigation.

19Sept 25

Sterling and Wilson's South African Tax Demand Slashed by 76% to 9.59 Crore Rupees

Sterling & Wilson Renewable Energy's tax demand in South Africa has been reduced from 40.24 crore rupees to 9.59 crore rupees, a 76% decrease. The South African Revenue Service (SARS) issued a withdrawal notice for part of the earlier tax demand. The revised tax liability now stands at approximately 18.90 million South African Rand, down from the initial 80.47 million South African Rand. This reduction represents a decrease of about 30.65 crore rupees from the original demand.

18Sept 25

Sterling Wilson Gets Major Tax Relief as Kenya Demand Cut to ₹26.50 Crore

Sterling and Wilson Renewable Energy has received significant relief in its tax dispute with Kenya Revenue Authority, with the tax demand being reduced by ₹24.60 crore to ₹26.50 crore. The reduction stems mainly from lower attribution of profits to the company's Kenya Branch, resulting in decreased corporate tax and withholding tax implications, while VAT and PAYE demands remain unchanged.

10Sept 25

Sterling and Wilson Faces $10 Million Claim from Array Technologies

Sterling and Wilson Solar Solutions, Inc., a subsidiary of Sterling & Wilson Renewable Energy Limited (SWREL), is facing a $10 million claim from Array Technologies, Inc. The claim, filed with the American Arbitration Association, alleges breach of contract and negligence related to the supply of allegedly defective products for a solar farm project in Bickleton, Washington. SWREL has stated that the expected financial implications due to compensation or penalties are 'Not Applicable' at this stage.

09Sept 25

Sterling and Wilson Renewable Energy Secures INR 415 Crore Solar EPC Contract in Rajasthan

Sterling & Wilson Renewable Energy Limited (SWREL) has received a Letter of Intent for a Balance of System (BOS) EPC package worth approximately INR 415 crore from a private Independent Power Producer. The project involves developing a 300 MW AC / 420 MWp DC Solar PV Project with a 220/33 kV Pooling Substation in Rajasthan, India. This order has pushed SWREL's gross order inflows beyond INR 2,400 crore this fiscal year. SWREL, with a total portfolio of over 22.8 GWp and an O&M portfolio of 9.3 GWp, operates in 28 countries globally.

14Aug 25

Sterling and Wilson Renewable Energy Secures 245 MW Solar EPC Contract in Gujarat

Sterling & Wilson Renewable Energy Limited (SWREL) has been named the L1 bidder for a 245 MW AC grid-connected solar PV project in Gujarat. The turnkey EPC contract was awarded by a PSU developer. SWREL's CEO, Chandra Kishore Thakur, announced that the company's gross order inflows have exceeded INR 2,000 crore this year. Thakur also noted that the renewable market, especially domestic, remains buoyant with increasing ordering activity. SWREL has a global portfolio of over 22.8 GWp of projects and an O&M portfolio of 9.3 GWp solar power projects across 28 countries.

24Jul 25

Sterling & Wilson Renewable Energy Reports 93% Revenue Growth in Q1, Eyes Battery Storage Opportunities

Sterling & Wilson Renewable Energy Limited (SWREL) reported a 93% year-on-year increase in Q1 revenue to INR 1,762.00 crores. EBITDA rose 175% to INR 102.00 crores, with an EBITDA margin of 5.8%. The company's unexecuted order book stood at INR 8,348.00 crores, with 88% comprising domestic Indian projects. SWREL is targeting opportunities in the Battery Energy Storage Systems (BESS) market, expecting 10% of revenue from battery and storage solutions in the near future. The company maintains its operational EBITDA margin guidance of around 7% and anticipates 20% growth in order booking year-on-year.

17Jul 25

Sterling and Wilson Renewable Energy: Q1 Profit Soars, Revenue Up 93%

Sterling & Wilson Renewable Energy announced impressive Q1 financial results, with revenue surging 92.5% year-over-year to ₹1,761.60 crore. EBITDA rose to ₹85.40 crore, up from ₹26.40 crore last year. The company's consolidated net profit increased nearly eightfold to ₹38.70 crore. Gross profit doubled with margins expanding to 11.7%. The strong performance was attributed to improved project execution despite challenges in the domestic market.

29May 25

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.

24Apr 25

Sterling and Wilson Renewable Energy: Q4 Profit Soars but Misses Estimates

Sterling and Wilson Renewable Energy Limited announced Q4 FY2025 results with total income doubling to ₹2,519.11 crore, a 104.34% year-over-year increase. Net profit rose to ₹55.01 crore, falling short of analyst estimates of ₹70.15 crore. EBITDA margin expanded to 5.30% from 2.50% year-over-year, indicating improved operational efficiency. Despite missing profit expectations, the company's strong revenue growth and margin improvement suggest effective growth strategies and operational enhancements.

01Apr 25

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.