The company's order inflows for FY20 increased by 15 per cent y-o-y to Rs 9,048 crore
In the past one month, the stock has tanked 51 per cent as compared to 5 per cent decline in the S&P BSE Sensex in the same period
Sterling and Wilson Solar, which has the Shapoorji Pallonji Group as a co-promoter, was listed on the stock exchanges in August 20 last year
In December 2019, the company said the unforeseeable and lesser-than-expected realisation from the IPO led to significant and rapid deterioration in the credit markets, resulting in a liquidity crisis
The stock of the company, which is engaged in solar engineering, procurement and construction business, slipped below its previous low of Rs 260 touched on November 20, 2019.
In the IPO, promoters Shapoorji Pallonji Company and Khurshed Yazdi Daruval had put on the block shares worth Rs 2,083 crore and Rs 1,042 crore, respectively
Shapoorji Pallonji & Company holds a 66% stake in SWS while the rest is held by Khurshed Yazdi Daruvala
Shapoorji Pallonji Company holds 65.77% stake in the company
Project will deliver a capacity of 1,177 Mwp, surpassing current largest 850 Mwp