Sterling and Wilson Renewable surges on wining Rs 826 crore orders in first four months of FY24

Sterling and Wilson Renewable Energy is currently trading at Rs. 399.65, up by 16.10 points or 4.20% from its previous closing of Rs. 383.55 on the BSE.

The scrip opened at Rs. 404.95 and has touched a high and low of Rs. 404.95 and Rs. 386.25 respectively. So far 35219 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 405.00 on 01-Aug-2023 and a 52 week low of Rs. 255.25 on 26-Dec-2022.

Last one week high and low of the scrip stood at Rs. 405.00 and Rs. 376.10 respectively. The current market cap of the company is Rs. 7275.69 crore.

The promoters holding in the company stood at 69.04%, while Institutions and Non-Institutions held 9.83% and 21.13% respectively.

Sterling and Wilson Renewable Energy (SWRE) has won orders worth Rs 826 crore in the first four months of FY 2023-24. The orders aggregate to around 1 GWp and include projects in Rajasthan, Uttar Pradesh and Gujarat. Scope of work for all projects include design, construction and commissioning. The projects will create hundreds of construction jobs, thus benefiting the local community.

Sterling and Wilson Renewable Energy is engaged in the business of construction and maintenance of power plants. The company’s products and services range include Contract activities and Operation Services