Page 2 - Sterling And Wilson

Sterling and Wilson Solar names Amit Jain as global CEO effective May 31

He succeeds Bikesh Ogra, who relinquished the post on May 31, but who continues as a director on the company's board

Sterling and Wilson Solar announces appointment of Amit Jain as Global CEO

Sterling and Wilson Solar Ltd on Monday announced the appointment of Amit Jain as Global CEO. Indian multinational and global leader in Solar EPC, Sterling and Wilson Solar Ltd has appointed Amit Jain as Global CEO, the company said in a BSE filing. He succeeds Bikesh Ogra, who relinquished the position with effect from May 31, 2021. Ogra will continue as a Director on the Board of the company. Jain has been associated with Sterling and Wilson Solar Ltd since January 2019 as the Country Head for the US and Australia. He has been instrumental in developing the US and Australia as key markets for the company. Jain will take over the global operations of the company and report to the Board of Directors. He will now be responsible for business development, market growth and the P&L for SWSL that has its operations across 25+ countries. He will continue to operate from Dubai. Khurshed Daruvala, Chairman, Sterling and Wilson Solar Ltd, said in a statement, We are delighted to elevat

Sterling and Wilson Solar extends fall amid margin concerns; stock dips 11%

The management believes that recent one-off events would materially impact the costs of the affected projects under execution, impacting margins for the year end March 31, 2021

Amplus Solar buys rooftop solar assets of Sterling & Wilson totaling 7.2 Mw

Deal value not revealed; The 17 acquired projects supply 13 leading industrial, commercial, and institutional customers

Sterling and Wilson Solar's US subsidiary bags Rs 890 crore order

Sterling and Wilson Solar on Wednesday said that its US arm has bagged Rs 890 cr order in the pacific north-west region of the US

Adani Green Energy acquires 75 MW solar capacities from Sterling & Wilson

Adani Green Energy on Friday said it has acquired 100 per cent stake in two special purpose vehicles (SPVs) that own 75 MW operating solar projects in Telangana from Sterling & Wilson. The projects, commissioned in 2017, have long-term power purchase agreements (PPA) with the Southern Power Distribution Company of Telangana. "Adani Green Energy Limited has completed acquisition of 100 per cent of the share capital and all the securities of Surajkiran Solar Technologies Private Limited and Dinkar Technologies Private Limited from Sterling and Wilson Private Limited," it said in a BSE filing. Earlier this week, Adani Green Energy Ltd (AGEL) had signed definitive agreements with Sterling & Wilson, a Shapoorji Pallonji group company, for the acquisition. The enterprise valuation of the two target SPVs is Rs 446 crore, the company had said. With this acquisition, AGEL will increase its operating renewable capacity to 3,470 MW with a total renewable portfolio of 15,240 MW, it had ...

Adani Green Energy to buy 74.94 MW solar projects of Sterling and Wilson

Adani Green Energy Ltd (AGEL) on Wednesday announced that it has signed a share purchase agreement for the acquisition of 100 per cent stake in two special purpose vehicles (SPV) holding 74.94 MW operating solar projects of Sterling & Wilson, a Shapoorji Pallonji group company.

Sterling and Wilson Solar secures Rs 930 crore order in Egypt

Sterling and Wilson Solar on Saturday said it has bagged an order worth Rs 930 crore in Egypt. It has signed an order worth USD 127.5 million (Rs 930 crore) in the Kom Ombo region of Egypt, a statement by Sterling and Wilson said. The order has been received from Saudi Arabia's leading renewable energy company and is scheduled to be commissioned by first quarter of 2022. Sterling and Wilson Solar has already executed five projects of over 322 MWp in Benban Solar Park in Egypt. Company's Director and Global CEO Bikesh Ogra said winning this project is an important milestone and further strengthens the focus in the Middle East and North Africa (MENA) region which has been a key market for Sterling and Wilson. Sterling and Wilson Solar, a Shapoorji Pallonji group company, is a global solar engineering, procurement and construction (EPC) solutions provider. The company also provides operations and maintenance (O&M) services, including for projects constructed by third parties and ...

Sterling and Wilson Solar reports over 55% fall in profit at Rs 22 cr in Q3

The company clocked a profit of Rs 50.27 crore in the year-ago period, a BSE filing said

Sterling & Wilson eyeing 50 Gw of projects in renewable energy space

Sterling & Wilson Solar has 20 Gw of deal flow but is targeting to ramp it up to 50 Gw.

Sterling and Wilson Solar reports 18% drop in Q2 net profit at Rs 15 cr

The company's consolidated net profit stood at Rs 79.41 crore in the corresponding period of the previous fiscal

Sterling & Wilson signs pact to build solar battery storage plant in Niger

Engineering firm Sterling and Wilson Pvt Ltd (SWPL) on Thursday said it has signed a contract to construct a solar PV battery storage and diesel genset-based hybrid power plant in Niger in West Africa. The company has signed the contract with France-based engineering, procurement and construction (EPC) company Vergnet and SNS Niger of Niger. In a statement, SWPL said its "Hybrid and Energy Storage division (HES), in consortium partnership with French EPC company Vergnet and SNS Niger, has signed an EPC contract to construct a solar PV battery storage and diesel genset based hybrid power plant in Agadez, Niger, in West Africa". The consortium will also be responsible for a two-year operation and maintenance (O&M) service of the power plant. Battery-based energy storage enables generated electricity to be stored and delivered at any given time, providing stability to the grid, and enabling energy delivered on demand. It will also aid flexibility and agility to better integrate ...

Vote against Pallon Mistry reappointment: InGovern to S&W shareholders

InGovern has also recommended that shareholders vote against the adoption of the company's accounts

Sterling and Wilson Solar surges 20% on heavy volumes

According to analysts the proceeds received by SP group after exiting Tata group could be used to repay debt the former owes to Sterling and Wilson Solar

Despite Covid, Sterling & Wilson hopes to surpass FY20 order flow this year

The company, which is betting big on international markets, has so far won orders worth Rs 5,696 cr compared with Rs 828 cr during the same period last year

Shapoorji Pallonji group faces biggest challenge as fund flow dries up

Sterling & Wilson default is a cause of concern for lenders

Loan repayment: Sterling and Wilson gives promoters a year's relief

Shapoorji Pallonji, Daruvala express inability to pay instalments

Sterling and Wilson Solar June quarter net falls 62% to Rs 17.22 cr

Sterling and Wilson Solar Ltd said its consolidated net profit dipped 62 per cent on a year-on-year basis to Rs 17.22 crore in the June quarter mainly due to lower revenues

Sterling & Wilson up 6% on order wins worth Rs 1,600 crore in Australia

The company, along with its branch and Australian subsidiary, has bagged two large scale solar projects

Sterling and Wilson Solar bags orders worth Rs 1,600 cr in Australia

Engineering firm Sterling and Wilson Solar on Sunday announced that it has bagged orders worth AUD 300 million (Rs 1,600 crore) for two large solar projects in Australia. Sterling and Wilson Solar Ltd has signed (along with its branch and Australian subsidiary) orders worth AUD 300 million in Australia, a company statement said. According to the statement, the company has bagged two large scale solar projects in the country and they will have an installed capacity of over 300 MW. The new projects have been secured from global independent power producer (IPP), the work for which is expected to commence immediately. Sterling and Wilson Solar, one of the leading solar EPC and O&M engineering procurement and construction as well as operations and maintenance players in the world, already has three projects of over 800 MW under construction in the region. Bikesh Ogra, Director and Global CEO, Sterling and Wilson Solar said in the statement,We are delighted to have won two major solar .