Financial Wire

Sterling and Wilson Emerges Lowest Bidder For Order Worth INR34.9 Billion; Shares Jump 12%

-- Sterling and Wilson Renewable Energy (NSE:SWSOLAR, BOM:542760) has emerged as the lowest bidder for an order worth 34.9 billion Indian rupees through a tender floated by Coal India (NSE:COALINDIA, BOM:533278), according to a Monday filing to the Indian stock exchanges.

The contract is for a turnkey engineering, procurement, and construction (EPC) package for the development of a 875 MW (AC) grid-connected solar PV project in Bikaner in Rajasthan, India.

The company also bagged an order for a 50 MW AC project in Maharashtra, India, from an Indian private independent power producer.

With these new order wins, the total value of EPC order inflow in the financial year 2026 has crossed 100.6 billion rupees.

The company's shares were up nearly 12% in recent trade.

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