SWREL Announces New Domestic Order Win: New LOA Valued at ~ INR 504 crore

Received LOA for supply, installation and commissioning of 396 MWp DC project (BOS) in Rajasthan from a Private IPP

Mumbai; December 2, 2024: Sterling and Wilson Renewable Energy Limited (SWREL) (BSE Scrip Code: 542760; NSE Symbol: SWSOLAR), a leading domestic renewable EPC is proud to announce that it has received a new domestic order from a Private IPP.

The company received the LOA for Supply, Installation and Commissioning of a 305 MW AC / 396 MWp DC PV plant for a PV project in Rajasthan, India from one of it’s repeat customers. The total value of works including taxes is approximately INR 504 crore. As the market has seen significant growth in projects from private IPP’s, we too are seeing a strong pipeline of projects from the private sector and especially from our repeat clients. 

Speaking on the order win, Mr. Amit Jain, Global CEO, Sterling and Wilson Renewable Energy Group shared, “We have been making strong in-roads in the domestic Private IPP market this year and this new project win reflects our strong positioning and bears testament to our domestic value proposition. Beside the strong order pipeline, we are seeing in the private sector there are a large number of bids expected from PSU’s in Q4 which augurs well for achieving our order booking target for the year.”