Key Quantitative Figures

  • Total order value: Over ₹985 crore (including taxes)
  • Domestic order capacity: 534.3 MWp solar project in Rajasthan
  • International order capacity: 616 MWh energy storage (two BESS projects of 308 MWh each)
  • Estimated CO₂ emissions reduction from Rajasthan project: Approximately 0.80 million tons upon commissioning

Parties Involved

  • Domestic customer: Leading IPP in India (new customer)
  • International customer: Leading Middle East based renewable energy projects developer (repeat customer)
  • Regulatory filing addressed to: BSE Limited and National Stock Exchange of India Limited

Project Details

Rajasthan Project:

  • Type: Balance of System (BOS) package
  • Capacity: 534.3 MWp solar
  • Customer: New customer (leading Indian IPP)

South Africa Project:

  • Type: BESS turnkey EPC wrap project
  • Capacity: 616 MWh (comprising two projects of 308 MWh each)
  • Customer: Repeat customer (Middle East based developer)
  • Significance: Second largest utility scale BESS project undertaken by SWREL

Management Commentary

Mr. Chandra Kishore Thakur, Global CEO, stated: "We are delighted to have received two prestigious orders each in Rajasthan and South Africa. Together, these orders reinforce the momentum in our business and the confidence customers place in our capabilities. They also demonstrate the strength of our customer relationships, built on consistent project execution, domain expertise and the skilled manpower we have developed over the years."

Business Context

The orders were secured in the normal course of business and reinforce the company's position as a leading player in the global renewable energy sector. The Rajasthan order from a new customer demonstrates industry trust in SWREL's project execution capabilities, while the South Africa order from a repeat customer reflects satisfaction with previous project execution.

Company Background

Sterling and Wilson Renewable Energy Limited is a global pure-play, end-to-end renewable EPC solutions provider with:

  • Total portfolio: Over 28.7 GWp (including projects commissioned and under construction)
  • O&M portfolio: 18.3 GWp solar power projects (including third-party projects)
  • Geographic presence: 28 countries across India, South-east Asia, Middle East, Africa, Europe, Australia, and the Americas
  • Services: EPC for utility-scale solar, floating solar, hybrid & energy storage, and wind solutions