Sterling & Wilson share price jumps over 8% on order update amid weak stock market
Sterling and Wilson Renewable Energy share price jumped more than 8% on Tuesday after the company received three new orders. Sterling and Wilson shares rallied as much as 8.68% to ₹272.25 apiece on the BSE.
The renewable EPC solutions provider Sterling and Wilson Renewable Energy announced that it has received orders for three new solar and hybrid projects valued at ₹1,470 crore.
The company received two new domestic letters of awards from Private IPPs, and has been declared L1 in a 200 MW AC solar project. The cumulative order value of the three domestic projects combined is ₹1,470 crore including taxes and O&M.
“The company received its first letter of award for a Wind EPC from a Private IPP for a Hybrid project in Rajasthan….
