Shares of Sterling & Wilson Renewable Energy Limited (SWREL) surged 2% on 29 May after emerging as the Lowest Bidder. 

Sterling & Wilson Renewable Energy soared when the firm stated that it had been selected as the L1 bidder (lowest bidder) for a turn-key EPC package for the building of a 225 MW (AC) grid-connected solar PV project in Gujarat, India.

In a press statement, the company said, “Sterling and Wilson Renewable Energy Limited (SWREL), a leading domestic renewable EPC is proud to announce that the company has emerged as L1 bidder in a tender of a leading PSU developer for a turn-key EPC package for development of a 225 MW (AC) grid connected Solar PV Project in Gujarat, India.”
 
On securing the deal, Chandra Kishore Thakur, global CEO of Sterling and Wilson Renewable Energy Group, said, “We are thrilled to announce our first domestic order of FY26 from a very reputed PSU developer and continue to build on our strong position in the Gujarat market. Our domestic pipeline remains very robust and we are confident of building on this order win.” 

About Sterling & Wilson Renewable Energy Ltd

Sterling and Wilson Renewable Energy Limited (SWREL) is a global, all-inclusive provider of renewable energy engineering, procurement, and construction (EPC) services. 

The company specializes in utility-scale solar, floating solar, and hybrid energy storage projects, with a total portfolio of more than 22.6 GWp that includes both commissioned and under-construction projects.

Sterling & Wilson Renewable Energy also owns and runs 8.7 GWp of solar assets, which include projects built by third parties. 

The corporation operates in 28 countries, including India, Southeast Asia, the Middle East, Africa, Europe, Australia, and the Americas.

At 3:02 pm, the shares of Sterling & Wilson were trading 0.90% higher at Rs 284.70 on NSE.

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