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Sterling and Wilson Renewable Energy has announced a five-year agreement with Adani Green Energy & received an order worth ₹1,381 crore. The company’s stock surged 1.5% on the back of this news.
The deets: the order is for supply and service of all the supporting equipment needed for three solar projects at the Khavda Renewable Energy Park in Gujarat, one of the world’s largest renewable energy sites.
FYI: Sterling and Wilson had already been managing 5 GW of projects in the region and with 1GW added, it is solidifying its position in Gujarat’s solar EPC space.
Why it matters: with this win, the company’s total order book rises to ₹6,450 crore. This comes just days after it secured another major ₹1,313 crore order in South Africa.
By partnering with Adani Green, the country’s largest renewable energy developer, the company further establishes itself as a dependable solar player known for strong execution and quick turnaround.
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