SWREL announces new domestic orders totalling ~Rs 512 crore

Sterling and Wilson Renewable Energy Limited (SWREL) announced that it has received two new domestic orders from Private IPPs valued at ~Rs 512 crore.

The company received an order for Engineering, Procurement and Construction of a 200 MW AC/250 MWp DC PV plant for a PV project in Gujarat, India. It also received a LOA for Engineering, Procurement and Construction of a 50 MW AC/65 MWp DC PV plant in Maharashtra, India.

Speaking on the order wins, Amit Jain, Global CEO, Sterling and Wilson Renewable Energy Group shared, “We are very happy to bag two more prestigious domestic solar projects from leading Private IPPs and these project wins showcase our strong positioning in a fast-growing market. Both orders have been received from repeat clients thereby reaffirming our robust execution credentials. In the current year, out of the 6 major domestic orders received, 5 are from our existing clients showing the confidence customers have reposed in us to be a part of their growth in the domestic renewable market.”