SWREL secures a prestigious domestic order valued at approx. Rs 1,200 crore

Sterling and Wilson Renewable Energy Limited (SWREL) (BSE Scrip Code: 542760; NSE Symbol: SWSOLAR), a leading renewable EPC is proud to announce that it has received LoI for a prestigious new order totaling approx. Rs 1,200 crore in Gujarat.

The company received an order for Design, Engineering, Procurement and Construction of Balance of System (BOS) for 500 MW (AC) Solar PV project on epc basis. In addition to EPC with single point responsibility, it will also include comprehensive O&M for a period of three years.

Speaking on the new order announcement, Mr. Amit Jain, Global CEO, Sterling and Wilson Renewable Energy Group shared, “We are proud to receive this prestigious order, which will support India and especially Gujarat’s transition towards clean energy. It is a matter of immense satisfaction for us that customers continue to repose their trust in our team to be a part of their growth in the domestic renewable market.”

“India is one of the world's largest energy markets and must therefore focus on sustainable options to mitigate climate challenges while strengthening energy security, job creation and economic growth. We therefore remain confident about the future growth of India’s renewable energy sector and our increased role towards supporting it”, he added.