Key Points
- SWREL wins ₹504 crore solar project in Rajasthan from a private IPP.
- The project includes a 305 MW AC/396 MWp DC solar plant.
- SWREL’s portfolio exceeds 20.7 GWp of solar projects across 28 countries.
- SWREL’s shares rise by 1.26% to ₹492.60 on the NSE.
- CEO talks about growth opportunities from both private and public sector projects.
Looma News
Sterling and Wilson Renewable Energy Limited (SWREL) has won a ₹504 crore solar project in Rajasthan. The deal involves supplying, installing, and commissioning a 305 MW AC/396 MWp DC solar plant for a private Independent Power Producer (IPP). This win is a major boost for the company, especially in the growing renewable energy market in India.
SWREL, a major player in renewable energy, is expanding its reach in India. This project comes from a repeat client, which shows the company’s strong presence in the country. With a portfolio of over 20.7 GWp of solar projects in 28 countries, SWREL is active in markets around the world, including India, Southeast Asia, the Middle East, Africa, Europe, Australia, and the Americas. Apart from its construction services, SWREL also manages a 7.8 GWp operation and maintenance portfolio of solar projects worldwide.
On the stock market, SWREL’s shares were trading at ₹492.60, up by ₹6.15 or 1.26%, at 1 pm on the National Stock Exchange (NSE). This new project win highlights the company’s ability to secure major infrastructure contracts and its growth in the renewable energy sector.
Global CEO Amit Jain pointed out the company’s strong growth outlook, with plenty of opportunities in both private sector projects and upcoming bids from public sector undertakings (PSUs) later this year. This ongoing growth reflects SWREL’s solid position in the competitive renewable energy market.
