Sterling & Wilson Renewable Energy
226.47
-16.60(-6.83%)
Market Cap₹5,675.50 Cr
PE Ratio-14.44
IndustryConstruction
Company Performance:
1D-6.83%
1M-15.54%
6M-22.27%
1Y-63.56%
5Y+6.40%
View Company Insightsright
More news about Sterling & Wilson Renewable Energy
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 and Wilson Renewable Energy Faces Rs. 50.41 Crore Tax Demand from Kenya Revenue Authority
Sterling & Wilson Renewable Energy (SWRE) has received a tax demand of approximately Rs. 50.41 crore from the Kenya Revenue Authority for the period from January 1, 2020, to December 31, 2023. The assessment includes shortfalls in tax payments, interest, and penalties. SWRE plans to contest the demand by filing appeals with appropriate authorities within the prescribed time limit. The tax assessment is based on factors such as disregard of income-tax returns, higher profit attribution to SWRE's Kenya Branch, transfer pricing adjustments, VAT demand, and PAYE demand.
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.
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