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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 […]

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Shapoorji Pallonji Group sells stake in TCS for the second time this month

December 13, 2019 Anand Gupta

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 […]

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Ind-Ra places Sterling Wilson rating on negative watch

November 27, 2019 Anand Gupta

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 […]

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Shapoorji Pallonji may sell Forbes stake to pay back Sterling Wilson

November 21, 2019 Anand Gupta

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 & […]

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Sterling & Wilson Solar Ltd leads losers in ‘B’ group

November 18, 2019 Anand Gupta

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 […]

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Sterling & Wilson Solar promoters fail to honour loan commitment

November 16, 2019 Anand Gupta

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 […]

Sterling & Wilson Solar Stock Slumps As Promoters Seek Revised Debt Repayment Terms

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Bad news for solar , minority shareholders !!!

November 15, 2019 Anand Gupta

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 […]

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Sterling & Wilson Solar up 2% on receiving order worth $635mn

October 24, 2019 Anand Gupta

It is an Engineering, Construction and Procurement order for a 1.09GW DC Solar Farm in the Middle East. Sterling & Wilson Solar has received a Letter of Intent (“LOI”) for an Engineering, Construction and Procurement order for a 1.09GW DC Solar Farm in the Middle East of a value of approximately $635mn. The Limited Notice […]

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Sterling & Wilson Solar bags AUD220mn EPC contract in Australia

October 16, 2019 Anand Gupta

Sterling and Wilson Solar is a subsidiary of Sharpoorji Pallonji. It is among the largest global solar engineering, procurement and construction solutions provider. Sterling & Wilson Solar Ltd. informed the BSE on Tuesday that Sterling & Wilson Solar Australia Pty. Ltd., a subsidiary of the Company in Australia, has executed a definitive contract for Engineering, […]

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Sterling & Wilson Solar IPO subscribed 9% on first day of bidding

August 7, 2019 Anand Gupta

Sterling and Wilson Solar on Monday raised Rs 1,406 crore from 27 anchor investors. The initial public offer of Sterling & Wilson Solar Ltd was subscribed 9 percent on the first day of bidding on Tuesday. The IPO through which the company plans to raise about Rs 3,125 crore received bids for 21,06,264 shares against […]