Sterling and Wilson Renewable Energy closes Q3 FY24 with five project wins totalling over INR 2,400 crore

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Sterling and Wilson Renewable Energy Ltd (SWRE), an Indian multinational solar EPC and O&M solutions provider, has announced its financial results for the quarter ended 31st December 2023.

SWRE emerged as the lowest bidder for the single largest floating solar project in India for a government-owned company followed by finalizing four strategic projects from Plenitude Spain (part of ENI Group), Green Infra Wind Energy Ltd, a subsidiary of Singapore-headquartered Sembcorp Industries, and Cleantech.

Despite tight working capital conditions which impacted operations in Q3FY24, SWRE has posted a standalone profit and a positive EBITDA on the consolidated level.

The company’s unexecuted order book stands at INR 8,750 crore currently.

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