Sterling and Wilson Renewable Energy hits unexecuted order value of more than INR 10,500 crore

Share

Sterling and Wilson Renewable Energy Ltd, an Indian multinational renewable EPC provider, has reported revenue from operations of INR 1,030.49 crore for the second quarter ended September of FY 2024-25, a 36% increase year-on-year and 13% jump quarter-on-quarter. The company posted a net profit of INR 8.57 crore for the quarter, recording the third consecutive quarter of profit.

The company recorded a strong order (including Letter of Intent) inflow of around INR 2,050 crore in Q2 FY25, including an order of INR 823 crore received today. All the order wins announced this quarter are from the domestic market. The unexecuted order value increased to more than INR 10,500 crore.

Speaking on the quarter results, Amit Jain, Global CEO, Sterling and Wilson Renewable Energy Group, shared, “Our second quarter performance highlights our continued business revival and sustained growth momentum in securing significant orders. We are honoured to have been chosen by some of our valued customers for their large-scale projects, and our teams are fully geared to meet the growth opportunities ahead.”

“The future lies in sustainability, with solar energy at the forefront of this transition to a cleaner world. As solar power gains global momentum, our team remains deeply committed to delivering top-tier projects and continuously exceeding the expectations of our customers,” Jain added.

Sterling and Wilson Renewable Energy is a global pure-play, end-to-end renewable EPC solutions provider. The company provides EPC services for utility-scale solar, floating solar and hybrid & energy storage solutions and has a total portfolio of over 20.7 GWp (including projects commissioned and under various stages of construction). SWREL also manages an operation and maintenance (O&M) portfolio of 7.8 GWp solar power projects, including projects constructed by third parties. Present in 28 countries today, Sterling and Wilson Renewable Energy has operations in India, South-east Asia, Middle East, Africa, Europe, Australia, and the Americas.

 

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Popular content

Indosolar turns a profit
12 November 2024 Solar cell manufacturer Indosolar Ltd, now acquired by Waaree Energies, has posted a net profit of INR 9.48 crore for the July-Aug-Sep quarter of FY 2...