Mumbai: Sterling and Wilson Renewable Energy Limited (SWREL) (BSE Scrip Code: 542760; NSE Symbol: SWSOLAR), one of India’s leading renewable EPC companies, has announced marquee orders valued at approximately INR 1,381 crore from Adani Green Energy Limited, India’s largest and fastest-growing renewable energy developer.
The order, part of a newly signed 5-year Strategic Partnership Framework Agreement, involves a Balance of System (BOS) package for three solar power projects at the Khavda Renewable Energy Park in Gujarat, one of the world’s largest renewable energy projects. The package includes supply of goods and onsite services, reinforcing SWREL’s leadership in India’s solar EPC sector.
Key Highlights
- Three Solar Power Projects: Located at Khavda, Gujarat.
- Order Value: ~INR 1,381 crore excluding taxes.
- Scope: BOS package covering supply of goods and onsite services.
- Strategic Partnership: 5-year framework agreement with Adani Green for future India RE rollout.
- Execution Strength: SWREL currently executing ~6 GW in Khavda, with ~5 GW scheduled for completion this fiscal.
With this new 1 GW project, SWREL continues to maintain a dominant position in Gujarat’s renewable energy landscape. The company has now achieved more than INR 6,450 crore of order inflows this fiscal, with a robust pipeline ahead.
Leadership Statement
Chandra Kishore Thakur, Global CEO, 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. This order is a testament to the trust our clients place in our engineering excellence, execution capabilities, and ability to deliver large GW projects with a fast turnaround.”
This landmark agreement underscores SWREL’s commitment to driving India’s renewable energy growth and delivering large-scale, high-quality solar projects that support the nation’s clean energy ambitions.
