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Sterling & Wilson Renewable Energy (SWREL) secured a ₹415 crore EPC contract from a leading private power producer.
The deets: the deal covers a 300 MW solar project in Rajasthan along with a 220/33 kV pooling substation.
A 300 MW solar project is a massive solar farm that can supply enough power for hundreds of thousands of homes, offices, and factories.
The 220/33 kV substation is like a giant plug point that takes all that solar power, organizes it, and sends it safely into the main electricity grid so people can actually use it.
Why it matters: solar projects are SWREL’s bread and butter. The company builds massive farms like these across India and abroad, which is why its revenue almost doubled to ₹1,761.6 crore last quarter.
Profits also improved as costs came down and execution got sharper. This new Rajasthan order gives investors a steady signal over business momentum in a sector that’s only getting bigger.
Zoom out: India has already installed over 190 GW of renewable energy capacity, mainly from solar and wind. Meanwhile, the country has a 500 GW target by 2030.
To bridge the gap, the government is pushing ultra-mega solar parks, rooftop solar schemes, and round-the-clock renewable projects that combine solar, wind, and battery storage. Large private players like Adani, Reliance, and Tata are also ramping up capacity, while global funds are pouring money into Indian clean energy.
