Mukesh Ambani-Backed Sterling & Wilson Stock Rises After Winning Major Gujarat Solar Project

Shares of Sterling & Wilson Renewable Energy rose after it won a major renewable energy project in Gujarat. Reliance and Shapoorji Pallonji groups both have stakes in the company.

Stock Performance and Market Value

The stock is valued at ₹6,608 Crore. It opened at ₹286.70, up 1.55% from the previous day’s close. Later, it reached a high of ₹288.90, rising 2.33%. The stock’s yearly return is down 61%. However, over five years, it has gained 95%.

Project Details: Big Solar EPC Win

Sterling & Wilson won a 225 MW (AC) grid-connected solar photovoltaic (PV) project. This is an engineering, procurement, and construction (EPC) turnkey contract. The project was awarded by a major public sector company in Gujarat. This is the company’s first domestic order in fiscal year 2026.

Company Outlook and Market Presence

Chandra Kishore Thakur, the company’s Global CEO, said the company has a strong presence in Gujarat. He is confident the company will win more orders soon. The company’s order pipeline remains strong.

Company Profile: Leading Global Renewable EPC

Sterling & Wilson Renewable Energy Limited (SWREL) is based in Mumbai, India. The company works on large-scale solar projects, floating solar, hybrid energy systems, and energy storage. It operates in 28 countries, including India, Southeast Asia, the Middle East, Africa, Europe, Australia, the U.S., and Latin America.

Financial Highlights

The company’s revenue grew 113.83% year-on-year. It rose from ₹1,178 Crore in Q4FY24 to ₹2,519 Crore in Q4FY25. Revenue also increased 37.12% compared to the previous quarter, which was ₹1,837 Crore. Net profit jumped 5,400% year-on-year, from ₹1 Crore to ₹55 Crore. It also rose 223.52% quarter-on-quarter, from ₹17 Crore.