Shares of Sterling and Wilson Renewable Energy Limited (SW Solar) surged as much as 17% to their day's high of ₹227 on the BSE on Monday after the company announced a strong set of order wins. According to reports from ETMarkets.com, the company has been declared the L1 bidder for a turnkey EPC package from Coal India for the development of an 875 MW (AC) grid-connected solar PV project in Bikaner, Rajasthan. The total contract value, including operations, maintenance and taxes, is around ₹3,490 crore.
In addition to the major Coal India contract, SW Solar secured a fresh order for a 50 MW AC solar project in Maharashtra from a private independent power producer, as reported by ETMarkets.com. This dual win has significantly boosted the company's order book and investor confidence in its renewable energy capabilities.
With these wins, Sterling and Wilson Renewable Energy's total EPC order inflows for FY26 have crossed ₹10,062 crore, exceeding its earlier targets for the year. According to the company's regulatory filing, this represents a significant milestone for the renewable energy company. With today's surge, the stock is up 26% in just 4 trading sessions, demonstrating strong investor response to the order wins.
Commenting on the development, Global CEO Chandra Kishore Thakur said the company is pleased to secure its first project from Coal India and to be part of its renewable energy expansion. As reported by ETMarkets.com, he added that the company is closing FY26 on a strong note with order inflows surpassing ₹10,000 crore and expects to maintain growth momentum as India's renewable energy sector continues to expand.
