SWREL Announces EPC Win Of 400 MW ac Solar Plant In Rajasthan

Domestic Renewable EPC major Sterling and Wilson Renewable Energy Limited (SWREL) has announced that it has received a major new order for the Engineering, Design, Testing & Commissioning of a 400 MW AC / 633 MW DC PV plant. Besides this, the scope of work also includes Supply & Works for a 33/220 kV switchyard to be built at plant for the PV project in Rajasthan, India. The total value of works including taxes, levies and duties is approximately ~INR 550+ crore.

Speaking on the order win, Amit Jain, Global CEO, Sterling and Wilson Renewable Energy Group, said, “We are thrilled to receive another large domestic order from a leading private renewable IPP in India. The Indian market continues to grow rapidly and as an established home-grown EPC player we are geared to target this high growth.”

 “With this order win, SWREL has now achieved around INR 900 crore of domestic order inflows in the second quarter of FY25. This is in addition to the order inflow of ~INR 2,170 crore seen in the first quarter, and we remain confident of further augmenting this order momentum due to a strong domestic bid pipeline being in place”, he further added.

The order continues the dawn of better days for SWREL, after enduring a tough 3 years between 2020-21 to 2022-24, during which it saw a change in promoter group as well from the Shapoorji Pallonji group to Reliance. Expectations are high for the firm to bag major EPC work from the new promoter group as well in the coming months, as Reliance accelerates its own plans for at least 20 GW of renewable energy by 2030 for internal use, towards its net zero ambitions for 2035.