Mumbai, January 1, 2026 – Sterling and Wilson Renewable Energy Limited (BSE: 542760 | NSE: SWSOLAR) has received a tax order amounting to approximately Rs 11.79 crore, including penalty and applicable interest as of date, related to the financial year April 2021 to March 2022.
Details of the Order
The order relates to a mismatch of input tax credit and a shortfall in taxes paid for the specified period. The communication was received by the company on December 31, 2025, while the order itself was issued on December 30, 2025.Financial Impact and Indemnity Coverage
The company stated that the tax demand is partially covered under an indemnity agreement involving Reliance New Energy Limited, Shapoorji Pallonji and Co. Private Limited, and Mr. Khurshed Daruvala. Accordingly, the financial impact on the company is expected to be mitigated to the extent of the indemnity coverage.Company Response
Sterling and Wilson Renewable Energy said it is currently evaluating the order and is in the process of deciding the future course of action. The company also clarified that no additional non-compliances or aberrations have been identified in connection with the matter.About the Company
Sterling and Wilson Renewable Energy Limited is a global renewable energy engineering, procurement, and construction company, primarily focused on solar power projects across utility-scale and rooftop segments. The company is listed on BSE and NSE and operates across multiple international markets.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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