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News Topical, Digital Desk : A company with a market cap of over ₹5,000 crore has received a large order worth ₹3,550 crore, representing 70 percent of its market cap. Following this news, the company's stock saw a sharp rise. On April 20, the stock rose by 12 percent. Learn more about this in detail.
Shares of Sterling and Wilson Renewable Energy Limited rose sharply on Monday after the company announced that it has been declared the lowest bidder in a tender from Coal India to develop an
875 MW grid-connected solar PV project in Bikaner, Rajasthan, as part of a turnkey EPC package.
AC project also received order
The total value of this contract, including O&M and taxes, is ₹3,490 crore. The company also received an order for a 50 MW AC project in Maharashtra from a leading Indian private independent power producer. These orders, worth
Over ₹10,000 crore
Bring the company's total EPC order inflow to over ₹10,062 crore for FY2026, the company said in an exchange filing. Chandra Kishore Thakur, the company's global CEO, stated that FY2026 concluded strongly, securing orders worth over ₹10,000 crore. This significantly exceeded the initial target for the year. Following the announcement of the order
Sterling and Wilson Renewable Energy Share Price,
the company's shares rose 12.2 percent to trade at ₹217.5. This is the fourth consecutive day of gains. This is the stock's biggest single-day gain since July 2023.
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