Sterling and Wilson Renewable Energy Ltd (SWREL) has received its first purchase order from Adani Green Energy Ltd.
In a stock exchange filing, SWREL said that it signed a five-year strategic partnership framework agreement, and received its first purchase order (PO) from Adani Green Energy Ltd.
This prestigious order is for a balance of system (BOS) package for three solar power projects at one of the world’s largest RE projects at Khavda Renewable Energy Park, Gujarat. This order involves supply of goods and onsite services with total order valued at approximately Rs.1,381 crore, excluding taxes, the filing said.
SWREL is currently executing around 6 GW in the Khavda region with around 5 GW scheduled to be completed in this fiscal. With this project of 1 GW, SWREL continues to maintain a dominant position in the Gujarat region.
EPC leadership
Speaking about this development, Chandra Kishore Thakur, Global CEO, Sterling and Wilson Renewable Energy Group said, “We are delighted to announce a strategic 5-year partnership framework agreement with Adani Green, and also our largest domestic EPC order this fiscal. This partnership between India’s largest RE developer, and one of India’s biggest solar EPC players further strengthens our EPC leadership in the fast growing Indian solar market. This order is a testament to the trust our clients place in our engineering excellence, execution capabilities, and ability to deliver large GW projects with a fast turnaround. With this order win, SWREL has now achieved more than Rs.6,450 crore of order inflows this fiscal, and our pipeline continues to remain robust.”
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