Swrel Bags Rs 1,381 Cr Orders, Seals Deal With Adani Green
The company crossed Rs 6,450 cr in order inflows this fiscal, and says its pipeline remains strong
Sterling and Wilson Renewable Energy, a leading renewable EPC company, on Monday, said that it has signed a five-year Strategic Partnership Framework Agreement and received its first purchase order from Adani Green Energy Limited, India’s largest and fastest-growing renewable energy developer.
The order covers a Balance of System (BOS) package for three solar power projects at the Khavda Renewable Energy Park in Gujarat, one of the world’s largest renewable energy developments. It includes the supply of goods and on-site services, with a total value of approximately ₹1,381 crore, excluding taxes.
Khavda Capacity Surge
SWREL is currently executing about 6 GW in the Khavda region, with nearly 5 GW slated for completion this fiscal. With this additional 1 GW project, the company continues to consolidate its leadership in Gujarat’s solar EPC space.
Chandra Kishore Thakur, Global CEO of Sterling and Wilson Renewable Energy Group, said, “We are delighted to announce a strategic five-year partnership framework agreement with Adani Green, along with our largest domestic EPC order this fiscal. This partnership between India’s largest renewable developer and one of India’s biggest solar EPC players further strengthens our leadership in a rapidly expanding market. This order reflects the trust clients place in our engineering expertise, execution strength and ability to deliver large-scale projects with fast turnaround.”
With the latest win, SWREL has crossed ₹6,450 crore in order inflows this fiscal, and the company says its pipeline remains strong.
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