Sterling and Wilson Renewable Energy Wins 245 MW EPC Solar Project in Gujarat from PSU Developer

Sterling and Wilson Renewable Energy Limited (SWREL) has been declared the L1 bidder for a turnkey EPC package to develop a 245 MW (AC) grid-connected solar PV project in Gujarat. The order, awarded by a reputed PSU developer, marks a significant win for the company and takes its gross order inflows for the year, including L1 positions, to over ₹2,000 crore.

Order Details and Management Statement 

The project will be executed on a turnkey basis, further solidifying SWREL’s position in the domestic renewable energy EPC space. Commenting on the development, Mr. Chandra Kishore Thakur, Global CEO of SWREL, said, “We are excited to continue to build our gross order inflows (including L1), which have exceeded ₹2,000 crore this year. This further strengthens our position in the domestic market, which reaffirms our position as a trusted partner in the renewable industry. The overall renewable market, including the domestic market, continues to remain very buoyant, and ordering activity is beginning to gather pace, which is likely to benefit EPC players going forward.”

SWREL Q1 FY26 Earnings Result

In its first quarter earnings, Sterling and Wilson posted a sharp jump in consolidated net profit to ₹38.7 crore from ₹4.8 crore a year earlier, with revenue surging 92.5% to ₹1,761.6 crore on improved project execution despite domestic market challenges. 

EBITDA rose to ₹85.4 crore from ₹24.8 crore, with margins expanding to 4.85% from 2.71%, while gross profit doubled to ₹205 crore and gross margins improved to 11.7% from 11.1% aided by softer input costs.

Also Read: ACME Solar’s Subsidiary Secures ₹3,184 Crore for 280 MW Renewable Project

About Sterling and Wilson Renewable Energy

Sterling and Wilson Renewable Energy Limited is a global pure-play, end-to-end renewable EPC solutions provider with expertise in utility-scale solar, floating solar, hybrid, and energy storage solutions. The company has a total portfolio of 22.8 GWp, including projects commissioned and under construction, and manages an O&M portfolio of 9.3 GWp, including third-party projects. With operations in 28 countries across India, Southeast Asia, the Middle East, Africa, Europe, Australia, and the Americas, SWREL has built a strong global presence in the renewable sector

Sterling and Wilson Renewable Energy (SWREL) Share Price Performance 

As of August 14, 2025, at 10:48 AM, Sterling and Wilson Renewable Energy share price is trading at ₹270.50 per share, reflecting a decline of 1.15% from the previous closing price. Over the past month, the stock has declined by 19.15%.

Conclusion

This 245 MW solar EPC contract win reinforces SWREL’s market standing and adds substantial weight to its domestic order book. Coupled with robust financial growth, the company is positioned to benefit from buoyant renewable sector activity in India.

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