Highlights

• SWREL receives LOA for a 240 MW AC turnkey Solar PV project in South Africa.
• The company now has four active Solar PV projects with four developers in South Africa.
• Total EPC order inflows for the current fiscal have reached ~₹ 5,088 crore.

Sterling and Wilson Renewable Energy Limited (NSE:SWSOLAR) provides end-to-end engineering, procurement, and construction (EPC) services for utility-scale solar, floating solar, hybrid systems, and energy storage solutions. The company’s total project portfolio exceeds 22.8 GWp, including commissioned projects and projects under various stages of construction. The company also manages operations and maintenance (O&M) services for 9.3 GWp of solar power projects, including third-party projects.

SWSOLAR Adds Second International Project This Fiscal

SWSOLAR has been awarded its second international project from South Africa in the current fiscal year. The contract is for a turnkey EPC Solar PV project with a capacity of 240 MW AC, valued at approximately USD 147 million (~₹1,313 crore).

This order forms part of the company’s ongoing operations in the international market and contributes to its portfolio of projects outside India.

Expanding Project Portfolio in South Africa

With the addition of this order, SWSOLAR is implementing four turnkey Solar PV projects in South Africa with four different developers. Two projects from the previous fiscal have shown operational progress, while the two projects awarded in the last two months expand the company’s presence in the region. The Solar PV market in South Africa continues to see demand driven by corporate energy requirements, cost trends, and grid stability.

Fiscal Order Inflows

Including this project, SWSOLAR’s EPC order inflows for the current fiscal have crossed
₹ 5,088 crore. The new contract reflects the ongoing execution of projects in both domestic and international markets.

Share Price Snapshot

SWSOLAR was trading 1.83% higher at ₹ 230 per share as of 27 November 2025.