Page 3 - Sterling And Wilson

Adani Green Energy acquires 75 MW solar capacities from Sterling & Wilson

Adani Green Energy on Friday said it has acquired 100 per cent stake in two special purpose vehicles (SPVs) that own 75 MW operating solar projects in Telangana from Sterling & Wilson. The projects, commissioned in 2017, have long-term power purchase agreements (PPA) with the Southern Power Distribution Company of Telangana. "Adani Green Energy Limited has completed acquisition of 100 per cent of the share capital and all the securities of Surajkiran Solar Technologies Private Limited and Dinkar Technologies Private Limited from Sterling and Wilson Private Limited," it said in a BSE filing. Earlier this week, Adani Green Energy Ltd (AGEL) had signed definitive agreements with Sterling & Wilson, a Shapoorji Pallonji group company, for the acquisition. The enterprise valuation of the two target SPVs is Rs 446 crore, the company had said. With this acquisition, AGEL will increase its operating renewable capacity to 3,470 MW with a total renewable portfolio of 15,240 MW, it had ...

Adani Green Energy to buy 74.94 MW solar projects of Sterling and Wilson

Adani Green Energy Ltd (AGEL) on Wednesday announced that it has signed a share purchase agreement for the acquisition of 100 per cent stake in two special purpose vehicles (SPV) holding 74.94 MW operating solar projects of Sterling & Wilson, a Shapoorji Pallonji group company.

Sterling and Wilson Solar secures Rs 930 crore order in Egypt

Sterling and Wilson Solar on Saturday said it has bagged an order worth Rs 930 crore in Egypt. It has signed an order worth USD 127.5 million (Rs 930 crore) in the Kom Ombo region of Egypt, a statement by Sterling and Wilson said. The order has been received from Saudi Arabia's leading renewable energy company and is scheduled to be commissioned by first quarter of 2022. Sterling and Wilson Solar has already executed five projects of over 322 MWp in Benban Solar Park in Egypt. Company's Director and Global CEO Bikesh Ogra said winning this project is an important milestone and further strengthens the focus in the Middle East and North Africa (MENA) region which has been a key market for Sterling and Wilson. Sterling and Wilson Solar, a Shapoorji Pallonji group company, is a global solar engineering, procurement and construction (EPC) solutions provider. The company also provides operations and maintenance (O&M) services, including for projects constructed by third parties and ...

Sterling and Wilson Solar reports over 55% fall in profit at Rs 22 cr in Q3

The company clocked a profit of Rs 50.27 crore in the year-ago period, a BSE filing said

Sterling & Wilson eyeing 50 Gw of projects in renewable energy space

Sterling & Wilson Solar has 20 Gw of deal flow but is targeting to ramp it up to 50 Gw.

Sterling and Wilson Solar reports 18% drop in Q2 net profit at Rs 15 cr

The company's consolidated net profit stood at Rs 79.41 crore in the corresponding period of the previous fiscal

Sterling & Wilson signs pact to build solar battery storage plant in Niger

Engineering firm Sterling and Wilson Pvt Ltd (SWPL) on Thursday said it has signed a contract to construct a solar PV battery storage and diesel genset-based hybrid power plant in Niger in West Africa. The company has signed the contract with France-based engineering, procurement and construction (EPC) company Vergnet and SNS Niger of Niger. In a statement, SWPL said its "Hybrid and Energy Storage division (HES), in consortium partnership with French EPC company Vergnet and SNS Niger, has signed an EPC contract to construct a solar PV battery storage and diesel genset based hybrid power plant in Agadez, Niger, in West Africa". The consortium will also be responsible for a two-year operation and maintenance (O&M) service of the power plant. Battery-based energy storage enables generated electricity to be stored and delivered at any given time, providing stability to the grid, and enabling energy delivered on demand. It will also aid flexibility and agility to better integrate ...

Vote against Pallon Mistry reappointment: InGovern to S&W shareholders

InGovern has also recommended that shareholders vote against the adoption of the company's accounts

Sterling and Wilson Solar surges 20% on heavy volumes

According to analysts the proceeds received by SP group after exiting Tata group could be used to repay debt the former owes to Sterling and Wilson Solar

Despite Covid, Sterling & Wilson hopes to surpass FY20 order flow this year

The company, which is betting big on international markets, has so far won orders worth Rs 5,696 cr compared with Rs 828 cr during the same period last year

Shapoorji Pallonji group faces biggest challenge as fund flow dries up

Sterling & Wilson default is a cause of concern for lenders

Loan repayment: Sterling and Wilson gives promoters a year's relief

Shapoorji Pallonji, Daruvala express inability to pay instalments

Sterling and Wilson Solar June quarter net falls 62% to Rs 17.22 cr

Sterling and Wilson Solar Ltd said its consolidated net profit dipped 62 per cent on a year-on-year basis to Rs 17.22 crore in the June quarter mainly due to lower revenues

Sterling & Wilson up 6% on order wins worth Rs 1,600 crore in Australia

The company, along with its branch and Australian subsidiary, has bagged two large scale solar projects

Sterling and Wilson Solar bags orders worth Rs 1,600 cr in Australia

Engineering firm Sterling and Wilson Solar on Sunday announced that it has bagged orders worth AUD 300 million (Rs 1,600 crore) for two large solar projects in Australia. Sterling and Wilson Solar Ltd has signed (along with its branch and Australian subsidiary) orders worth AUD 300 million in Australia, a company statement said. According to the statement, the company has bagged two large scale solar projects in the country and they will have an installed capacity of over 300 MW. The new projects have been secured from global independent power producer (IPP), the work for which is expected to commence immediately. Sterling and Wilson Solar, one of the leading solar EPC and O&M engineering procurement and construction as well as operations and maintenance players in the world, already has three projects of over 800 MW under construction in the region. Bikesh Ogra, Director and Global CEO, Sterling and Wilson Solar said in the statement,We are delighted to have won two major solar .

Sterling and Wilson gains for eighth straight day; stock up 44% in 8 days

The company's order inflows for FY20 increased by 15 per cent y-o-y to Rs 9,048 crore

Sterling and Wilson Solar hits record low on weak earnings concern

In the past one month, the stock has tanked 51 per cent as compared to 5 per cent decline in the S&P BSE Sensex in the same period

Sterling & Wilson must give exit option to small shareholders: Ingovern

Sterling and Wilson Solar, which has the Shapoorji Pallonji Group as a co-promoter, was listed on the stock exchanges in August 20 last year

Sterling & Wilson up 5% on partial loan repayment by SP Group, pares later

In December 2019, the company said the unforeseeable and lesser-than-expected realisation from the IPO led to significant and rapid deterioration in the credit markets, resulting in a liquidity crisis

Sterling and Wilson tumbles 9%, hits fresh low since listing

The stock of the company, which is engaged in solar engineering, procurement and construction business, slipped below its previous low of Rs 260 touched on November 20, 2019.