Sterling and Wilson Q2 Net Loss Widens to ₹2.99 Billion With Steep Fall in EPC Revenues

Sterling and Wilson Q2 Net Loss Widens to ₹2.99 Billion With Steep Fall in EPC Revenues

The consolidated net loss for Sterling and Wilson Renewable Energy (formerly Sterling and Wilson Solar) rose by 5% to ₹2.99 billion (~$36.35 million) in the second quarter (Q2) of the ...
/ / Markets & Policy, Solar
Reliance Targets 20 GW Solar Power Generation Capacity by 2025 for Captive Use

Reliance Targets 20 GW Solar Power Generation Capacity by 2025 for Captive Use

Diversified Indian conglomerate Reliance Industries (RIL) has targeted installing 20 GW of solar energy generation capacity by 2025. Addressing RIL’s annual general meeting, Group Chairman Mukesh Ambani said that the ...
/ / Other, Renewable Energy
Sterling and Wilson Bags BoS Order Worth ₹22 Billion for NTPC’s 1,255 MW Solar Project

Sterling and Wilson Bags BoS Order Worth ₹22 Billion for NTPC’s 1,255 MW Solar Project

Sterling and Wilson Renewable Energy has emerged as the lowest (L1) bidder for the balance of system (BoS) package comprising four blocks of the proposed 1,255 MW of solar power ...
/ / Solar, Tenders & Auctions
Shapoorji Pallonji to Offload 1.25% Stake in Sterling and Wilson

Shapoorji Pallonji to Offload 1.25% Stake in Sterling and Wilson

Shapoorji Pallonji has proposed to sell 2,370,787 equity shares having a face value of ₹1 (~$0.013) each, amounting to a 1.25% equity it holds in its solar engineering and construction ...
/ / Finance and M&A, Solar
Top EPC Companies in 2021 - Sterling and Wilson, Siemens Gamesa, and Tata Power

Top Utility-Scale Solar EPC Companies in 2021 – Sterling and Wilson, Siemens Gamesa, and Tata Power

Sterling and Wilson, Siemens Gamesa, and Tata Power Solar were the top utility-scale solar engineering, procurement, and construction (EPC) service providing companies in the calendar year (CY) 2021, according to ...
Sterling and Wilson Renewable Energy’s Total Income Up by 11.5% YoY in Q3 FY 2022

Sterling and Wilson Renewable Energy’s Total Income Up by 11.5% YoY in Q3 FY 2022

Sterling and Wilson Renewable Energy (formerly Sterling and Wilson Solar), the solar engineering and construction arm of the Shapoorji Pallonji Group, recorded a total income of ₹15.02 billion (~$198.62 million) ...
/ / Finance and M&A, Solar
Sterling and Wilson Solar's QoQ Revenue Up 20% in Q2 FY22

Sterling and Wilson Solar’s QoQ Revenue Up 20% in Q2 FY22

Sterling and Wilson Solar, the solar engineering and construction arm of the Shapoorji Pallonji Group, has recorded a revenue of ₹14.38 billion (~$193.24 million) in the second quarter (Q2) of the ...
/ / Finance and M&A, Other
Reliance's REC Acquisition Could Reduce Indian Solar Developers' Dependence on Imports

Reliance’s REC Acquisition Could Reduce Indian Solar Developers’ Dependence on Imports

Solar developers and module manufacturers believe Reliance Group's recent solar acquisitions will help India provide an alternative to Chinese products. In June 2021, Mukesh Ambani, Chairman of Reliance Industries, announced that Reliance ...
Amplus Acquires 17 Rooftop Solar Projects from Sterling and Wilson

Amplus Acquires 17 Rooftop Solar Projects from Sterling and Wilson

Solar developer Amplus Solar has announced the acquisition of 17 on-site operational solar projects from Sterling and Wilson Private Limited. Spread over Haryana, Punjab, Madhya Pradesh, Rajasthan, Maharashtra, Telangana, and ...
/ / Finance and M&A, Solar
Adani Green to Acquire a 75 MW of Solar Project from Sterling and Wilson (3)

Adani Green to Acquire a 75 MW Solar Project from Sterling and Wilson

Adani Green Energy Limited (AGEL) has announced that it will acquire 75 MW of operational solar assets in Telangana from Sterling and Wilson, a Shapoorji Pallonji Group subsidiary, for ₹4.46 ...
Sterling and Wilson and Enel X Partner to Provide EV Charging Infrastructure

Sterling and Wilson and Enel X Partner to Provide EV Charging Infrastructure

Sterling and Wilson, Mumbai-based engineering, procurement, and construction company, has signed a joint venture (JV) agreement with U.S.-based energy solutions company Enel X to enter the e-mobility segment in India. The companies ...
Funding and M&A Roundup_ Battery Maker Enevate Secures $81 Million in Funding

Funding and M&A Roundup: Battery Maker Enevate Secures $81 Million in Funding

From: Mercom Capital Group Volta Energy Technologies, an investor in battery and energy storage technologies, has announced an initial closing on its venture fund focused on batteries, energy storage, and ...
/ / Finance and M&A, Other
Sterling and Wilson Subsidiary Acquires GCO Solar

Sterling and Wilson Subsidiary Acquires GCO Solar

Sterling and Wilson International Solar FZCO (SWFZCO) announced that it has fully acquired the equity share capital of GCO Solar, an Australia-based electrical and solar contractor. In a BSE filing, ...
Sterling and Wilson Solar’s Revenue Up 22% in Q3 FY 2021

Sterling and Wilson Solar’s Revenue Up 22% in Q3 FY 2021

Sterling and Wilson Solar’s (SWSL) revenue from operations stood at ₹13.11 billion (~$180.8 million) in the third quarter (Q3) of the financial year 2021 (FY 2021), up 22% from ₹10.76 ...
Sterling and Wilson Solar's Revenue Up 12% in Q2 of FY 2021

Sterling and Wilson Solar’s Revenue Up 12% in Q2 of FY 2021

Sterling and Wilson Solar, one of the leading solar engineering, procurement, and construction (EPC) services providers, has announced the financial results for the second quarter (Q2) of the financial year ...
/ / Markets & Policy, Solar
Sterling and Wilson Solar’s Profit Falls 63% YoY in Q1 FY 2021

Sterling and Wilson Solar’s Profit Falls 63% YoY in Q1 FY 2021

Sterling and Wilson Solar Limited (SWSL), a solar engineering, procurement, and construction (EPC) company, reported a 63% fall in profits year over year (YoY) during the quarter ended June 30, ...
Shapoorji Pallonji Defers Repayment of Sterling & Wilson Solar’s Loan

Shapoorji Pallonji Defers Repayment of Sterling & Wilson Solar’s Loan

The Shapoorji Pallonji Group has told the subsidiary company, Sterling and Wilson Solar Limited (SWSL), that it would defer the payment of the loan amount of over ₹10 billion (~$135.8 ...
/ / Markets & Policy, Solar
Sterling and Wilson Solar Reports Slump in Revenues and Profits in FY 2020

Sterling and Wilson Solar Reports Slump in Revenues and Profits in FY 2020

Sterling and Wilson Solar Limited, a solar engineering, procurement, and construction (EPC) company, has reported lower revenue, profit, and earnings before income, tax, depreciation, and amortization (EBITDA) for the year ...
Sterling and Wilson Solar Secures EPC Contracts in India and Australia

Sterling and Wilson Solar Secures EPC Contracts in India and Australia

Sterling and Wilson Solar Limited (SWSL), a solar engineering, procurement, and construction (EPC) company, announced that it signed an EPC contract in Australia worth AUD 525 million (~₹25.29 billion). It ...
Top Headlines from India’s Renewable Sector in April

Top Headlines from India’s Renewable Sector in April

The month of April witnessed several important events that might have a significant impact on the renewable energy sector going forward. Here are some of the important developments in April ...
Sterling and Wilson Solar Receives ₹5 Billion Against Outstanding Loans

Sterling and Wilson Solar Receives ₹5 Billion Against Outstanding Loans

Sterling and Wilson Solar Limited (SWSL), a solar engineering, procurement and construction (EPC) company, has announced that it has received ₹5 billion (~$66.8 million) towards the outstanding loans from its ...
Important Headlines from India’s Renewable Sector in February 2020

Important Headlines from India’s Renewable Sector in February 2020

February was a busy month for the domestic renewable sector, with many important events and announcements making the headlines. There were several important announcements in the month, including the Union ...
Sterling & Wilson Reports Lower Revenues and Profits in Nine Months of FY20

Sterling & Wilson Reports Lower Revenues and Profits in Nine Months of FY20

Sterling and Wilson, a Shapoorji Pallonji Group company, has released its consolidated and standalone financial results for the third quarter (Q3) and nine months ended on December 31, 2019. The ...
/ / Finance and M&A, Solar
Solar EPC Company Sterling & Wilson Repays ₹10 Billion in Outstanding Loan

Solar EPC Company Sterling & Wilson Repays ₹10 Billion in Outstanding Loan

Sterling and Wilson Solar Limited, the solar engineering and construction arm of the Shapoorji Pallonji Group, has paid ₹10 billion in dues (~$140.18 million) of its outstanding loan. This payment ...
/ / Solar, Utility Scale
Sterling and Wilson’s Net Profit Reaches ₹1.25 Billion in 1H of FY 2020

Sterling and Wilson’s Net Profit Reaches ₹1.25 Billion in 1H of FY 2020

Sterling and Wilson Solar Ltd. (SWSL), the solar engineering and construction arm of the Shapoorji Pallonji Group, has announced its results for the second quarter (Q2) and the first half ...
/ / Solar, Utility Scale