Sterling and Wilson Renewable Energy shares gain 3% after ₹1,313 crore order win in South Africa

Shares of Sterling and Wilson Renewable Energy Ltd. gained 3% in early trade on Thursday, September 27, after the company said it has won its second international project from South Africa for ₹1,313 crore.The company said it has been awarded a turnkey engineering, procurement, construction (EPC) contract for a 240 MW AC Solar PV project in South Africa.

With this, the company’s total EPC order inflows this fiscal has exceeded 5,088 crore, it said.

Sterling and Wilson said it is currently implementing four turnkey Solar PV projects with four reputed developers in the South African market. The two ongoing projects it bagged last fiscal have made strong operational progress and helped establish the company’s presence in the market, while the two new projects bagged in the past two months have consolidated their presence in the market.”South Africa remains a key international market for us where we are currently implementing four PV projects with four reputed customers reflecting our strong value proposition and positioning in this market,” Chandra Kishore Thakur, the global CEO of Sterling and Wilson, said.

Shares of Sterling & Wilson Renewable Energy Ltd. are trading 2.4% higher on Thursday at ₹231. The stock has halved in 2025 so far, declining 51%, while remaining flat in the last one month.

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