Sterling and Wilson Renewable Energy Ltd (SWREL) has reported its highest-ever outstanding order book value, exceeding Rs.10,000 crore.
In a release, SWREL said that its outstanding order book value, as of October 14, 2024, stood at over Rs.10,500 crore, which is the highest ever.
In Q2 (July to September) of FY25, SWREL’s order inflow (including letters of intent) was around Rs.2,050 crore. This included an order of Rs.823 crore received on October 14, 2024.
All these order wins are from the domestic market, SWREL said.
Speaking on the quarter results, Amit Jain, Global CEO, Sterling and Wilson Renewable Energy Group, noted, “Our second quarter performance highlights our continued business revival and sustained growth momentum in securing significant orders. We are honoured to have been chosen by some of our valued customers for their large-scale projects, and our teams are fully geared to meet the growth opportunities ahead. With a solid project pipeline and a strong financial foundation, we are confident in capturing this substantial growth, continuing our upward trajectory, and delivering enhanced value to all stakeholders.
The future lies in sustainability, with solar energy at the forefront of this transition to a cleaner world. As solar power gains global momentum, our team remains deeply committed to delivering top-tier projects and continuously exceeding the expectations of our customers.”
Also read: SWREL bags Rs.550-crore solar order in Rajasthan