Sterling and Wilson Renewable Energy Ltd. (SWREL), an Indian multinational renewable EPC provider, has revised its new order inflow guidance for FY26 to over INR 11,000 crore (+60% YoY), supported by sustained ordering momentum.
The company said its new order inflows during 9MFY26 reached INR 6,929 crore. New orders worth INR 3,086 crore in Q3FY26, along with a robust pipeline for Q4FY26, have given it the confidence to revise its order booking guidance for the fiscal year.
SWREL also secured its second South African order worth $147 million during the quarter, while also adding two more Indian RE projects including a pure BESS order from a leading Indian independent power producer.
The company has achieved revenue of INR 5,602 crore in 9MFY26, 48% up from INR 3,783 crore in the same period last year. Operational EBITDA in the first nine months is INR 289 crore, a 115% increase compared to INR 134 crore for 9MFY25.
“SWREL has delivered robust revenue growth displaying our strong execution skills in the domestic segment,” said C.K. Thakur, Global CEO, Sterling and Wilson Renewable Energy Group. “The marquee order from Adani Green and signing a strategic 5-year framework agreement with them is an important milestone reflecting the strong faith placed in our company’s execution by globally renowned RE developers. Furthermore, our continued order inflows and growing opportunities across domestic and international markets underscore the strong potential of our business, reinforcing SWREL’s visibility and quality of its growth pipeline.”
Sterling and Wilson Renewable Energy Ltd provides EPC services for utility-scale solar, floating solar, hybrid & energy storage and wind solutions and has a total portfolio of over 26.1 GWp (including projects commissioned and under various stages of construction). It also manages an operation and maintenance (O&M) portfolio of 10.1 GWp solar power projects, including for projects constructed by third parties. Present in 28 countries today, Sterling and Wilson Renewable Energy Ltd 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.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.