Shares of Sterling and Wilson Renewable Energy (SW Solar) jumped over 5 % on Monday after the company announced a landmark order from Adani Green Energy. Investors welcomed the news, reflecting confidence in SW Solar’s growing role in India’s renewable energy sector.
The company has bagged an EPC Balance-of-System (BOS) contract worth ₹1,381 crore, covering three large solar projects at the Khavda Renewable Energy Park in Gujarat. The order includes both the supply of materials and on-site installation, forming a significant part of one of the country’s largest renewable energy hubs.
Beyond this order, SW Solar and Adani Green have signed a five-year Strategic Partnership Framework Agreement to collaborate on future solar projects across India. This first order under the pact signals a deepening relationship between the two companies and reinforces SW Solar’s position as a leading EPC player in the solar space.
SW Solar’s management highlighted that this is their largest domestic EPC order this fiscal year, boosting their total order inflows to over ₹6,450 crore when combined with recent international projects, including one in South Africa. The Khavda projects alone will contribute significantly to the company’s ambitious targets, with 5 GW of capacity expected to be commissioned by the end of this fiscal year.
In early trade, SW Solar shares touched an intraday high of ₹238.50, up from the previous close of ₹225.96. Despite the recent surge, the stock has been down around 50 % year-to-date, reflecting broader market pressures in the renewable sector.
The Adani Green order and strategic partnership underscore SW Solar’s growing prominence in India’s renewable energy journey. With large-scale projects like Khavda, the company is not only expanding its footprint but also contributing meaningfully to India’s transition toward clean and sustainable energy.
Also Read: RBI fines HDFC bank ₹91 lakh for compliance lapses