Sterling and Wilson Renewable Energy share price rises on orders worth ₹1,381 crore from Adani Green Energy

The stock rose as much as 5.55% to ₹238.5 per unit on the National Stock Exchange (NSE). At 12:41 pm, it was up 1.18% to ₹228.62.

According to an exchange filing on Monday, the firm said a ₹1,381 crore order is for a balance of system (BOS) package for three solar power projects at Khavda Renewable Energy Park, Gujarat.

With this order, Sterling and Wilson's order inflow has swelled more than ₹6,450 crore in the financial year 2025-26.

Chandra Kishore Thakur, Global CEO of Sterling and Wilson Renewable Energy Group, said, “We are delighted to announce a strategic 5-year partnership framework agreement with Adani Green, and also our largest domestic EPC order this fiscal. This partnership between India’s largest RE developer and one of India’s biggest solar EPC players further strengthens our EPC leadership in the fast growing Indian Solar market."

Last week, the renewable EPC company announced that it has secured its second international project from South Africa this fiscal year. It has been awarded a turnkey EPC contract worth ₹1,313 crore for a 240 MW AC solar PV project in South Africa.

In October, the Mumbai-based firm was declared L1 (lowest bidder) in two new domestic projects, including a 580 MWp DC project in Uttar Pradesh and a 363 MWp DC project in Rajasthan. It had also bagged a letter of intent (LOI) for a 115 MWp DC project in South Africa. The total EPC value of the three orders is approximately ₹1,772 crore.

The company has posted a net loss of ₹473.20 crore in the second quarter of the current fiscal year, compared to a net profit of ₹7.05 crore it reported in the September quarter of FY25.

Its revenue from operations increased 69.68% year-on-year to ₹1,748.6 crore in Q2 FY26.