The company’s revenue from operations for FY20 stood at Rs5,575cr. Sterling and Wilson Solar Limited (SWSL) Tuesday announced its maiden audited results for the financial year ended March 31, 2020. The company’s revenue from operations for FY20 stood at Rs5,575cr, EBITDA (excluding interest income) stood at Rs383cr, and PAT stood at Rs304cr. The revenue for […]
Sterling and Wilson Solar promoters facilitate repayment of Rs 500 crore
The proceeds have been utilised to reduce our external borrowings by an equivalent amount New Delhi: Sterling and Wilson Solar on Tuesday said that its promoters have facilitated repayment of Rs 500 crore as per the revised schedule of repayment approved by the board. “Sterling and Wilson Solar Ltd (SWSL) has received additional Rs 500 […]
Coronavirus to affect business in near term: Sterling and Wilson Solar
“We are constantly evaluating the current situation in China due to the outbreak of coronavirus which will impact our business in the near term,” Bikesh Ogra – Director and Global CEO, Sterling and Wilson Solar Limited said in a regulatory filing. Shapoorji Pallonji group company Sterling and Wilson Solar Limited has said that the outbreak […]
NCLAT order implies Mistrys can sell stake in Tata Sons to save Sterling and Wilson
The promoters of Sterling Wilson Solar currently owe the company Rs 2,341 crore, which includes a principal amount of Rs 2,085 crore and interest of Rs 256 crore, said a recent regulatory filing by the company Mumbai : As an implication of NCLAT’s order converting Tata Sons back to a public limited company, the Mistry […]
Sterling and Wilson Solar begins construction of 200 MW Solar Project in Australia
Mumbai: Sterling and Wilson Solar Limited (SWSL) (BSE script id: 542760), the world’s largest solar EPC solutions provider*, has announced today the commencement of construction of a 200 MW solar project in Australia. The turnkey solar EPC project is being developed by Lightsource BP, an independent global leader in the funding, development, acquisition and management […]
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. Shares of Sterling and Wilson Solar slipped to its lowest level since listing, down 9 per cent to Rs 256, on the BSE on Tuesday. The stock […]
SEBI Watch: Make Sterling and Wilson promoters keep IPO promise
It is said that an unkept promise is as good as a well-disguised lie. When Sterling and Wilson Solar made a public offering of its shares, the prospectus said the company’s promoters will repay the 26 bln rupees they had borrowed from the company from the sale of their shares. This amount was an inter-corporate loan […]
India Ratings Downgrades Sterling and Wilson Solar to ‘IND AA-’/Stable; Off RWE
India Ratings and Research (Ind-Ra) has downgraded Sterling and Wilson Solar Limited’s (SWSL) Long-Term Issuer Rating to ‘IND AA-’ from ‘IND AA’, while resolving the rating watch evolving (RWE). The Outlook is Stable. The instrument-wise rating actions are as follows: India Ratings and Research (Ind-Ra) has downgraded Sterling and Wilson Solar Limited’s (SWSL) Long-Term Issuer […]
Sterling and Wilson Solar raises Rs 1,406 crore from anchor investors
New Delhi: Initial public offering (IPO)-bound Sterling and Wilson Solar Ltd on Monday said it has raised Rs 1,406 crore from 27 anchor investors by allotting 1,80,28,846 equity shares at the upper band price of Rs 780 ahead of its initial issue that opens on August 6. Among the 27 anchor investors, leading investors include […]
Sterling and Wilson takes the lead in the solar EPC market in 2018
By Josefin Berg, Research & Analysis Manager, Solar & Energy Storage, IHS Markit India-based Sterling and Wilson ascended to the top position in the global solar engineering, procurement and construction (EPC) market in 2018, as the company’s PV installations more than doubled for the year. Sterling and Wilson’s PV installations rocketed by 127 percent last […]