Order Wins / Contract Awards
Sterling & Wilson Renewable Wins New Domestic Orders Worth ~₹3,550 Crore
NSE
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BSE
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Sterling & Wilson Renewable Energy (SWREL) has secured new domestic orders worth ~₹3,550 crore, including a major 875 MW AC solar EPC package from Coal India and a 50 MW AC project from a private IPP, taking FY26 EPC order inflows above ₹10,062 crore.
PRICE-SENSITIVE TRIGGER
Event: Recipt of New Domestic EPC Orders
Type: Order Wins / Contract Awards
Impact: Positive
Immediate Effect: Strengthens order book, revenue visibility, and execution pipeline
Financial Snapshot
- New Orders Value: ~₹3,550 Crore
- Coal India Order: ₹3,490 Crore
- Coal India Project Size: 875 MW AC
- Additional Private IPP Order: 50 MW AC
- FY26 Total EPC Order Inflows: ₹10,062 Crore+
Highlight:
Secured ₹3,550 crore new orders, taking FY26 order inflows above ₹10,000 crore.
What Happened ?
Sterling & Wilson Renewable Energy announced that it has been declared L1 bidder for a turn-key EPC package for development of an 875 MW AC grid-connected solar PV project in Bikaner, Rajasthan from Coal India.
The company also received a separate 50 MW AC order in Maharashtra from a private IPP.
key highlights
Order Wins:
- Coal India:
- 875 MW AC EPC package
- Value: ₹3,490 crore
- L1 declared
- Private IPP:
- 50 MW AC project
- Additional order received
Business Impact:
- Strengthens order book
- Improves revenue visibility
- Supports strong FY26 execution pipeline
Risk Analysis
Key Risks
- L1 declaration may face final award/contract execution risk
- EPC execution delays
- Margin pressure in large solar EPC projects
- Counterparty / project implementation risk
Worst Case Scenario
L1 does not convert into final contract or execution margins disappoint
Risk Level: Medium
Company Commentary
- Strong close to FY26 with ₹10,000+ crore order inflows
- First project from Coal India seen as strategic milestone
- Focus on sustaining growth momentum in solar EPC
Official Exchange Filing: Sterling & Wilson Renewable Energy Limited