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Harshal Parmar

10th Sep · SEBI-Registered Analyst

Sterling & Wilson’s ₹415 Cr Rajasthan Solar Win: The Spark Your Portfolio Needs.”

SWSOLAR
Order Details in a Snapshot Sterling & Wilson Renewable Energy Ltd (SWREL) has secured a Letter of Intent (LoI) worth ₹415 crore from a leading private independent power producer (IPP) for a balance‐of‐system EPC package. This includes: - Development of a 300 MW AC / 420 MWp DC Solar PV project - Installation of a 220/33 kV pooling substation in Rajasthan Why This Matters Every large EPC order not only boosts top‐line visibility but also underpins future margin expansion through scale and execution leverage. For SWREL: - Gross order inflows have already crossed ₹2,400 crore this fiscal, reflecting robust deal momentum - This is the company’s first win from the private IPP segment in the current year, diversifying its client mix beyond government-backed projects SWREL’s Renewable Footprint With this latest award, Sterling & Wilson Renewable Energy further cements its global reach: - Over 22.8 GWp of solar projects either commissioned or under construction worldwide - An O&M portfolio of 9.3 GWp across 28 countries, from India to Australia and the Americas Market Reaction & Financial Pulse Ahead of today’s announcement, SWREL shares closed at ₹266.45 on the NSE, marking a modest 0.28 % uptick pre‐news. Analysts will be watching: - How this project contributes to FY26 order inflows and revenue guidance - Margins on a private-IPP contract versus state-owned counterparts - Quarterly execution cadence as Rajasthan installations ramp up

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