SWREL Secures Key Domestic Orders, Drives Total EPC Order Inflow Past INR 10,062 Crore in FY26
Sterling and Wilson Renewable Energy Limited (SWREL), a leading renewable Engineering, Procurement, and Construction (EPC) solutions provider, announced significant new domestic order wins, bolstering its order book for the financial year 2026 (FY26).The company confirmed it was declared the L1 bidder in a major tender floated by Coal India for a turn-key EPC package. This contract involves the development of a 875 MW AC grid connected Solar PV Project in Bikaner, Rajasthan, India. The total value of this contract, including O&M and taxes, stands at approximately INR 3,490 crore.
In addition to the Coal India contract, SWREL also secured a separate order for a 50 MW AC project in Maharashtra, India, from a prominent private Independent Power Producer (IPP).
These new order wins contributed to a cumulative total of EPC order inflows in FY26 that has exceeded INR 10,062 crore.
In commenting on the recent business successes, Mr. Chandra Kishore Thakur, Global CEO of Sterling and Wilson Renewable Energy Group, stated, "We are delighted to announce our first project from Coal India, and to partner in their renewable energy growth story. We are excited to close an eventful FY26 on a strong note and achieve more than INR 10,000 crore in EPC order inflows, which is significantly higher than our initial target set for the year. India continues to remain on a strong growth trajectory in renewable development and as one of India's leading solar EPC companies we continue to look forward to sustaining the growth momentum."
Order Wins Snapshot
| Client / Location | Project Type | Capacity | Value/Key Detail |
|---|---|---|---|
| Coal India (Bikaner, Rajasthan) | Turn-key EPC (Solar PV) | 875 MW AC | Total value: ~INR 3,490 crore |
| Private IPP (Maharashtra) | AC Project | 50 MW AC | New domestic order |
| Cumulative FY26 Inflow | EPC Orders | - | Exceed INR 10,062 crore |
Company Overview
Sterling and Wilson Renewable Energy Limited is positioned as a global pure-play, end-to-end renewable EPC provider. The company delivers EPC services across utility-scale solar, floating solar, hybrid & energy storage, and wind solutions. SWREL manages a total portfolio exceeding 26.1 GWp, encompassing projects both commissioned and under various stages of construction. Furthermore, the group oversees an operation and maintenance (O&M) portfolio of 10.1 GWp solar power projects, including installations for third-party constructed projects. Currently operating in 28 countries, its presence spans India, South-east Asia, the Middle East, Africa, Europe, Australia, and the Americas.SWSOLAR Stock Price Movement
As of 9:30 AM, shares of Sterling and Wilson Renewable Energy Limited are gaining 2.49% in live trading, currently at ₹198.8. The stock is seeing heavy buying interest, with 436,214 shares traded so far in the session.Source:
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