The company said it has been declared the L1 bidder for a turnkey EPC package from Coal India for the development of an 875 MW (AC) grid-connected solar PV project in Bikaner, Rajasthan. The total contract value, including operations, maintenance and taxes, is around Rs 3,490 crore.
In addition, the company secured a fresh order for a 50 MW AC solar project in Maharashtra from a private independent power producer, Sterling and Wilson said in a regulatory filing earlier in the day.
With these wins, Sterling and Wilson Renewable Energy’s total EPC order inflows for FY26 have crossed Rs 10,062 crore, exceeding its earlier targets for the year. With today’s surge, the stock is up 26% in just 4 trading sessions.
Commenting on the development, Global CEO Chandra Kishore Thakur said the company is pleased to secure its first project from Coal India and to be part of its renewable energy expansion. He added that the company is closing FY26 on a strong note with order inflows surpassing Rs 10,000 crore and expects to maintain growth momentum as India’s renewable energy sector continues to expand.
In Q3, the company reported a net profit of Rs 14.8 crore for the December quarter, compared with a net loss of Rs 63.7 crore in the same period last year.
Also read: HDFC Bank vs ICICI Bank vs YES Bank: Which one to buy after Q4 results?The company’s EBITDA turned positive at Rs 70.5 crore, against a loss of Rs 16 crore a year ago, with EBITDA margin coming in at 3.8% for the quarter. Revenue saw a sharp jump to Rs 1,837 crore, nearly three times higher than Rs 583 crore reported in the corresponding period last year.
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