Order worth Rs 1,535 crore is received from Sterling and Wilson Renewable Energy

29 Sep 2023 , 02:06 PM

On Friday, the provider of renewable energy solutions Sterling and Wilson Renewable Energy announced that NTPC Renewable Energy has placed an order with them worth Rs 1,535 crore.

According to a business statement, Sterling and Wilson Renewable Energy Limited (SWRE) has been notified of the award for the 300 MWac EPC project of NTPC Renewable Energy Limited (NTPC REL) at Khavda RE Power Park, Rann of Kutch in Gujarat.

It would cost Rs 1,535 crore (including of taxes) for the entire contract, including O&M for three years.

In a little more than a year, the business has received its third order from NTPC REL.

‘The new order win of 300 MWac complements our existing portfolio of 2.47 GWac currently under execution for NTPC REL in Khavda and helps us leverage the low module price environment globally,’ said Amit Jain, Global CEO of Sterling and Wilson Renewable Energy Group, in a statement.

‘With this order, our year-to-date order booking stands at Rs 3,100 crore,’ the speaker continued.

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