Sterling and Wilson Renewable Energy Concludes Q1 FY27 With Highest-Ever UOV of ~INR 13,000 crore
New Delhi: Sterling and Wilson Renewable Energy Limited (SWREL) (BSE Scrip Code: 542760; NSE Symbol: SWSOLAR), a leading home-grown renewable EPC, announced its results for the first quarter of FY27, which witnessed Unexecuted Order Value (UOV) reaching ~INR 13,000 crore, the highest UOV post Covid.
The quarter also witnessed a marquee international order which is a 50-50 joint venture with one of the leading contractors in Egypt and the MENA region valued at approximately USD 560 million for West Minya Solar Power Project in Minya Governorate, Egypt. This is a landmark mandate: a 1,000 megawatt-AC solar PV plant integrated with a 600 megawatt-hour battery energy storage system. Once complete, it will rank among Egypt’s largest utility-scale renewable developments.
The domestic EPC has been the Company’s growth engine with healthy Order Book position at ~INR 7,900 crore providing revenue and growth visibility with steady gross margins at ~9-10%.
Speaking on the results announcement, Mr. Chandra Kishore Thakur, Global CEO, Sterling and Wilson Renewable Energy Group, said, “We remain confident about our prospects because the company’s UOV is robust We expect this growth to reflect on the topline and bottom-line in the months ahead. The growing order book is a testimony to the confidence our customers repose in us. As a company, we are certain that our experienced and competent workforce will be able to deliver projects on schedule adhering to committed timelines.”
In addition to the unprecedented UOV, the company has a bid pipeline of over 27.7 GW and a business that is now diversified across solar, wind, battery storage and third-party O&M.
