The repayment is part of dues worth Rs2,644 crore that the promoters owe to SWSL. The loan was to be repaid within 90 days of Sterling and Wilson Solar’s IPO, which ended mid-November 2019 Solar EPC company Sterling & Wilson Solar Ltd (SWSL) on Wednesday informed stock exchanges that Rs500 crore payment due from its […]
Energy storage projects will increase in India for peaking power tariff tenders: Deepak Thakur, CEO – HES at Sterling and Wilson
He added that the firm will expand its portfolio in integrating storage solutions and is positive that the hybrid market will grow with higher renewable energy penetration into the grid The hybrid and energy storage (HES) division, part of the solar power generation company Sterling & Wilson, was launched in 2018. Deepak Thakur, chief executive […]
Sterling & Wilson Solar’s CP ratings withdrawn by India Ratings
Sterling & Wilson Solar announced that at the company’s request, India Ratings & Research has withdrawn the ratings assigned on the Rs. 300 crore Commercial Paper (CP) programme of the Company on 09 April 2020. The Company has fully repaid the CPs issued under the programme and there is no outstanding CP as on date. […]
Shapoorji Pallonji repays Rs 1,000 cr loans of Sterling wilson
New Delhi: The Shapoorji Pallonji group, promoters of Sterling & Wilson Solar Power have repaid outstanding loans to the tune of Rs 1,000 crore till Tuesday, December 31. In a regulatory filing, Sterling & Wilson Solar Power said, “Please be informed that out of the balance due, consisting of principal and interest (outstanding loan) the […]
Shapoorji Pallonji Group sells stake in TCS for the second time this month
The block deal is the second tranche of sale done by Shapoorji Pallonji in TCS this month alone. Before the first block deal, Shapoorji Pallonji held 74.45 lakh shares in TCS. Post both block deals, Shapoorji Pallonji now holds 34.05 lakh shares in TCS. Shapoorji Pallonji Group (SPG) has sold 19.5 lakh shares in India’s […]
Ind-Ra places Sterling Wilson rating on negative watch
The rating watch negative reflects the uncertainty regarding the refinancing/rollover of SWSL’s short-term loans worth around Rs 1,180 crore. Mumbai: India Ratings and Research has placed Sterling and Wilson Solar’s (SWSL) long-term issuer rating of ‘IND AA-’ on rating ‘watch negative’ from ‘stable’, the company said in an exchange filing on Tuesday. The rating watch […]
Shapoorji Pallonji may sell Forbes stake to pay back Sterling 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 Shapoorji Pallonji Group, the promoter of Sterling Wilson Solar, is exploring several options, including making Eureka Forbes public or selling stake in its engineering firm Forbes & […]
Sterling & Wilson Solar Ltd leads losers in ‘B’ group
Pokarna Ltd, Prime Focus Ltd, SEL Manufacturing Company Ltd and SPL Industries Ltd are among the other losers in the BSE’s ‘B’ group today, 18 November 2019. Sterling & Wilson Solar Ltd crashed 19.99% to Rs 321 at 14:32 IST.The stock was the biggest loser in the BSE’s ‘B’ group.On the BSE, 57564 shares were […]
Sterling & Wilson Solar promoters fail to honour loan commitment
Sterling and Wilson has sought more time to repay loans worth Rs 2.341 crore. Mumbai: The promoters of Sterling and Wilson Solar (SWSL), Shapoorji Pallonji Group and Khurshed Yazdi Daruvala, failed to honour their commitments made during the initial public offering (IPO) in August and sought more time from the company’s board to repay loans […]
Bad news for solar , minority shareholders !!!
Sterling & Wilson Solar Stock Slumps As Promoters Seek Revised Debt Repayment Terms Shares of Sterling & Wilson Solar Ltd. slumped 20 percent after the solar engineering, procurement and construction firm’s promoters sought more time to repay debt due to the company.Promoters Shapoorji Pallonji and Company Pvt. Ltd. and Khurshed Daruvala were scheduled to pay […]
