Sterling & Wilson Renewable Energy Shares Climb More Than 8% After Winning Order Worth ₹1,200 Crore

Sterling and wilson shares surged more than 8 per cent on NSE, as company won an order worth Rs 1,200 crore, according to company's exchange filling.

The shares of Sterling and Wilson went on to touch the day high level of Rs 478.75 per share on the NSE (National Stock Exchange), after hitting the opening bell at Rs 443.20 per share on the exchange.

Sterling and Wilson shares were trading around Rs 476.00 per share on the Indian Exchanges with a massive jump of 7.29 per cent amounting to a Rs 32.80 per share on the bourses.

Order details

Company has received a letter of intent for a prestigious new order in Gujarat worth about Rs 1,200 crore.

An order for the design, engineering, procurement, and construction of the balance of system (BOS) for a 500 MW (AC) solar PV project was given to the company on an epc basis. For three years, it will include comprehensive O&M in addition to EPC with single-point responsibility.

Sterling and wilson Q2 FY25

A notable turnaround was reported by Sterling & Wilson Renewable Energy, which turned a profit of Rs 7.05 crore. Considering that the same period last fiscal year saw a loss of Rs 54.25 crore, this represents a significant improvement. A strong 35.68 per cent year-over-year increase in the company's revenue also demonstrated the positive momentum in its operations.

Sterling & Wilson saw an 12.61 per cent increase in revenue compared to the prior quarter. According to the company, its selling, general, and administrative expenses decreased by 15.16 per cent year over year but increased by 0.94 per cent quarter over quarter, demonstrating effective cost management techniques.