Sterling and Wilson brings in strategic investors to strengthen its Data Centre business
Sterling and Wilson Pvt Ltd (SWPL) announced that it has signed definitive agreements with a group of strategic investors to carve out its Data Centre business into a new entity. This will help the Data Centre business to unleash its true growth potential.
A frontrunner amongst its peers, Sterling and Wilson was amongst the first Indian EPC companies to create a strategic business unit (SBU) for Data Centres way back in 2015. Today, the company is a specialist Data Centre EPC solutions provider of choice for its clients both in India and globally. Commenting on this occasion, Prasanna Sarambale, CEO, Data Centre Business, Sterling and Wilson said, “We are certain that this agreement will bolster business growth by fully leveraging our strength as a market leader and taking advantage of the unprecedented expansion happening across the Data Centre industry. This growth will benefit all stakeholders with higher project realization and improved cash flows due to substantial increase in the average ticket size of DC projects worldwide.”
Khurshed Daruvala, Chairman, SWPL said, “Sterling & Wilson has been India’s leading turnkey Data Centre EPC company for the past decade, having executed marquee projects in India and abroad. With the advent of the Cloud and, more recently, AI – the demand for world-class data centres is fast increasing. With this lies an enormous opportunity for S&W to enjoy sustainable growth in the DC business both in domestic and international markets. As a diversified business group with interest across Solar EPC, Industrial EPC, T&D, MEP, Generators and other segments, we felt that the Data Centre portfolio has tremendous potential. We, therefore, inked this agreement to strengthen our balance sheet to support our brilliant management team. The new investors on board will further strengthen our financial position. Their solid investment track record will give an impetus to our growth. I am very happy to give the team, who has been loyal to us for the past decade, an opportunity to flourish in this exciting industry.”
