Market Update
The stock linked to Mukesh Ambani, where both Reliance Industries and Shapoorji Pallonji groups hold stakes, gained attention after emerging as the lowest bidder (L1) for a key renewable energy project in Gujarat.
With a market capitalization of ₹6,608 crore, Sterling & Wilson Renewable Energy’s share price opened at ₹286.70, marking a 1.55% increase from the previous close. The stock further rose to a high of ₹288.90, up 2.33% during the trading session. However, its yearly return stands at -61%, while the 5-year return remains strong at 95%.
Project Win Details
Sterling & Wilson Renewable Energy has secured the L1 position for a 225 MW (AC) grid-connected solar photovoltaic (PV) EPC project on a turnkey basis. This order was awarded by a major public sector undertaking (PSU) developer in Gujarat.
Global CEO Chandra Kishore Thakur stated that this marks the company’s first domestic order in fiscal year 2026 (FY26). He emphasized Sterling & Wilson’s solid foothold in Gujarat and highlighted a healthy domestic order pipeline, expressing confidence in securing additional projects soon.
Company Overview
Sterling & Wilson Renewable Energy Limited (SWREL) is a leading global engineering, procurement, and construction (EPC) company specializing in utility-scale solar, floating solar, hybrid energy systems, and energy storage solutions. Headquartered in Mumbai, India, the company operates across 28 countries, including regions in Southeast Asia, the Middle East, Africa, Europe, Australia, the United States, and Latin America.
Financial Performance
In Q4 FY25, Sterling & Wilson reported a remarkable 113.83% year-over-year revenue increase, rising from ₹1,178 crore in Q4 FY24 to ₹2,519 crore. On a quarter-over-quarter basis, revenue grew by 37.12% from ₹1,837 crore in the previous quarter.
The company’s net profit surged by 5,400% year-over-year, increasing from ₹1 crore to ₹55 crore. Compared to the previous quarter, net profit rose by 223.52%, up from ₹17 crore.
