Sterling and Wilson Renewable Energy Limited (SWREL) (BSE Scrip Code: 542760; NSE Symbol: SWSOLAR) announced that it has received two new domestic letters of awards from Private IPPs and has been declared L1 in a 200 MW AC solar project. The cumulative order value of the three domestic projects combined is ~Rs 1,470 crore, including taxes and O&M.
The company received its first letter of award for a Wind EPC from a Private IPP for a Hybrid project in Rajasthan. The scope of work includes the Engineering, Procurement and Construction of a 69.3 MW Wind Balance Plant and 58 MW AC / 75 MWp DC Solar BoS, along with a 132 kV / 33 kV pooling substation. The company has achieved L1 for a turnkey solar project of a 200 MW AC / 260 MWp DC PV plant in Gujarat, India, from a leading PSU developer. The company has also received a letter of award for a PV plant in Rajasthan, India, from a domestic IPP.
Chandra Kishore Thakur, Global CEO of Sterling and Wilson Renewable Energy Limited, shared, “We are very excited to bag three prestigious domestic projects, including our foray into Wind EPC through a Hybrid project win, which opens up a new exciting segment for us. We have already established a market-leading presence in India in Solar and BESS, and our entry into Wind helps us provide holistic EPC solutions for Hybrid projects. We continue to position ourselves as per our customer requirements and market trajectory, and these project wins reflect the same."
.png)
