Large-scale solar projects underline rising renewable investments and the company’s expanding EPC footprint.
Shares of Sterling and Wilson Renewable Energy climbed 7.72% to ₹209.30 after the company announced fresh domestic project wins worth nearly ₹35.5 billion, strengthening its order pipeline for FY26.
The renewable EPC player said it has emerged as the L1 (lowest) bidder for a turnkey engineering, procurement and construction (EPC) contract from Coal India Limited. The project involves developing an 875 MW (AC) grid-connected solar photovoltaic plant in Bikaner, Rajasthan. The total contract value, including operations and maintenance services as well as applicable taxes, is estimated at around ₹3,490 crore.
Alongside this large-scale order, the company also secured a separate contract from a private independent power producer for the execution of a 50 MW AC solar project in Maharashtra. Following these additions, Sterling and Wilson Renewable Energy stated that its EPC order inflows for FY26 have surpassed ₹10,062 crore.
The company operates as a global pure-play provider of end-to-end renewable engineering, procurement, and construction solutions. Its services span utility-scale solar installations, floating solar projects, hybrid renewable systems, energy storage solutions, and wind power developments. To date, the company has built a renewable energy portfolio exceeding 26.1 GWp and currently manages operations and maintenance services for solar assets totaling about 10.1 GWp.
On the financial front, Sterling and Wilson Renewable Energy reported a net profit of ₹2 crore for Q3 FY26, significantly lower than the ₹17 crore profit recorded during the same quarter last year. Despite the decline in profitability, revenue from operations grew 13.9% year-on-year to ₹2,092 crore, reflecting continued project execution and order momentum.
The latest contract wins reinforce the company’s position in India’s expanding solar infrastructure market while providing improved visibility for future revenue growth.
