Sterling and Wilson Shares Surge 14% Following Coal India's Rs 3,490 Crore Solar Project Award

Sterling and Wilson Renewable Energy Sees 14% Jump in Shares Following Major Order Win

Shares of Sterling and Wilson Renewable Energy surged 14 percent on Monday after the company announced a significant order win from Coal India Ltd. The stock was trading at Rs 221.33, up 14.06 percent in morning trade, making it one of the top gainers on the BSE small-cap index.

In a stock exchange filing, Sterling and Wilson Renewable Energy revealed that it has emerged as the lowest bidder for a contract from Coal India to develop an 875 MW solar power project in Rajasthan's Bikaner. The total value of the contract, including maintenance and taxes, is approximately Rs 3,490 crore.

In addition to this major win, the company also received another order for a 50 MW solar project in Maharashtra from a private power producer. With these fresh wins, the company announced that its total order inflows for FY26 have exceeded Rs 10,062 crore, surpassing its initial target of Rs 10,000 crore.

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The company's Global CEO, Chandra Kishore Thakur, expressed his satisfaction with securing the company's first project from Coal India and exceeding the initial FY26 order target. He emphasized that India continues to experience strong growth in renewable energy development, which is a positive sign for the industry.

Sterling and Wilson Renewable Energy specializes in building solar, wind, hybrid, and energy storage projects in India and overseas. The company boasts a portfolio of over 26.1 GWp and manages maintenance operations for 10.1 GWp of solar projects across 28 countries.

Note: The table above provides a comparison of the company's order inflows and its initial target for FY26.

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