Sterling & Wilson Renewable Energy Shares Soar: Shares of Sterling & Wilson Renewable Energy (S&W Renewable Energy), a leading player in the renewable energy sector, turned into rockets during today’s morning trading session. The stock witnessed slight volatility in early trade, but the moment the company announced securing Letters of Award (LoA) worth ₹1470 crore, buying interest surged, pushing the share price up by over 5%.
Currently, on the BSE, Sterling & Wilson’s stock is trading at ₹263.25, up 5.09%. During intra-day trading, it jumped 5.71% to hit a high of ₹264.80. With this rally, the company’s total market capitalization has reached ₹6,200.44 crore.
Three Big Orders Worth ₹1470 Crore
In an exchange filing today, Sterling & Wilson Renewable Energy disclosed that it has bagged three orders totaling ₹1470 crore, inclusive of taxes and Operation & Maintenance (O&M) costs. The orders include:
- Hybrid Project in Rajasthan: Secured from a private Independent Power Producer (IPP), this marks the company’s first Wind EPC (Engineering, Procurement, and Construction) project. It comprises 69.3 MW Wind Balance of Plant and 58 MW AC / 75 MWp DC Solar BoS, along with a 132kV/33kV pooling substation.
- Turnkey Solar Project in Gujarat: The company received an L1 order from a leading PSU developer for a 200 MW AC / 260 MWp DC PV plant, to be executed on a turnkey basis.
- Photovoltaic Plant in Rajasthan: A Letter of Award from a domestic IPP for a photovoltaic plant.
These orders strengthen the company’s position in the renewable energy sector, with its entry into Wind EPC being seen as a significant milestone.
Share Performance Over the Past Year
Sterling & Wilson’s stock has had a rollercoaster ride over the past year. On May 21, 2024, the stock hit an all-time high of ₹828. However, the rally stalled, and over the next 10 months, it plummeted by about 74%, reaching a one-year low of ₹218.20 on March 17, 2025. Since then, supported by buying interest, the stock has recovered by over 20%, though it remains approximately 68% below its one-year high.
Investors Eye the Future
The ₹1470 crore worth of orders announced today has sparked fresh optimism among investors. Market analysts believe these contracts will bolster the company’s order book and drive future growth. However, the long-term trajectory of the stock will depend on the successful execution of these projects and prevailing market conditions.
For now, the surge in Sterling & Wilson Renewable Energy’s shares is a welcome relief for investors, and it will be interesting to see how much further it climbs in the coming days.
Disclaimer: This article is for informational purposes only and should not be considered investment advice. Investing in the stock market involves risks, so consult your-financial advisor before making any decisions.
Trending News:
23.02% Surge in Vodafone Idea Shares: New Hope with Government Relief
IPO GMP : Opportunity to Earn! 3 Ongoing IPOs This Week, 4 Companies Set to List
Continuous rise in gold prices : What is the reason behind it and what will be the price in future ?
Latest Update Join Whatsapp Channel Bindaasbola.com
