Sterling and Wilson Renewable Energy Secure Order Worth $147 Million; Shares Up 3%
MT Newswires Live
Nov 27
Sterling and Wilson Renewable Energy (NSE:SWSOLAR, BOM:542760) bagged an order worth $147 million, according to a Thursday filing to the Indian stock exchanges.
The turnkey engineering, procurement, and construction contract involves a 240 MW AC solar PV project in South Africa.
This is the company's second international project from South Africa this fiscal year. With this, the company is implementing four turnkey solar PV projects with four developers in the South African market.
The company's total EPC order inflows have crossed 50.9 billion Indian rupees in the current fiscal year.
Sterling's shares were up nearly 3% in recent trade.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.