Sterling -; Wilson Renewable wins Rs2,212 crore order from NTPC REL

13 Oct 2022 , 09:20 AM

Sterling and Wilson Renewable Energy Limited has received an order from NTPC Renewable Energy Limited (NTPC REL) for its projected 1,255 MWac / 1,568 MWdc solar PV project at Khavda RE Power Park in Rann of Kutch, Gujarat.

SWRE was granted the Contract on October 1, 2022, with a total value of Rs2,212 crore (including taxes, duties, and O&M for three years). The company emerged as the L-1 (lowest) bidder in competitive bidding against the contract invited by NTPC REL. The project’s contract agreement has been signed between NTPC REL and SWRE.

“We are pleased to secure this prestigious order from NTPC REL, which is our largest domestic order so far,” said Amit Jain, Global CEO of Sterling and Wilson Renewable Energy Group. This win illustrates SWRE’s project management capabilities and worldwide expertise trust and leadership. Our grasp of client demands, excellent execution track record, world-class technology, and O&M expertise set us apart from other EPC companies.”

The scope of work for the project comprises design, engineering, supply, construction, erection, testing, and commissioning, as well as a three-year operation and maintenance contract.

At around 9.23 AM, Sterling & Wilson Renewable Energy was trading at Rs300.30 down by 0.87% from its previous closing of Rs302.95 on the BSE. The scrip opened at Rs299 and touched intraday high and low of Rs301.90 and Rs295.20 respectively.

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