Ambani Group stock jumps 5% after securing ₹1,381 Cr order from Adani Green Energy

Synopsis:
A smallcap company secured a Rs 1,381 crore order from Adani Green for a Giga Watt solar project at Khavda under a 5-year partnership. Pushing the company’s fiscal order inflows past Rs 6,450 crore.

On Monday morning, a small cap company was in the spotlight soon after it announced its Rs 1,381 crore order from Adani Green for 1 Giga Watt solar projects at Khavda, which has led the company to further strengthen its global renewable EPC and O&M leadership.

With a market cap of Rs 5,483 Cr Sterling & Wilson Renewable Energy Ltd saw its shares hit an intraday high of Rs 238.35, which is 5.5 percent higher than the previous close of Rs 225.95.

What’s the News

On Monday morning, Sterling and Wilson Renewable Energy Ltd announced that the company has secured marquee orders worth Rs 1,381 crore from Adani Green Energy, alongside signing a 5-year Strategic Partnership Framework Agreement that has strengthened a long-term collaboration among the companies. The order covers BoS packages, including the supply of goods and onsite services for three large solar power projects at the Khavda Renewable Energy Park in Gujarat, with a total capacity of 1 Giga Watt. 

Moreover, the company already executes a 6 GW project in the Khavda region with 5 GW scheduled to be completed in this fiscal. With this win, the company’s total order inflows for the fiscal year have crossed Rs 6,450 crore, marking its largest domestic EPC order of the year.

Q2FY26 Orderbook and inflows

The company saw Rs 7051 Cr worth of new order flowing in FY25 a 17 percent growth from the previous year’s Rs 6023 Cr. Out of these orders 84.5 percent comes from India while 15.5 percent comes from the international market.

The company has secured five new projects since Q1, including its first international solar project and four domestic solar EPC orders. Globally, SWREL won a 115-MW turnkey solar project in South Africa which is valued at USD 120 million, marking its third project in the country. 

In India, its key wins include a 304 MWp Khavda turnkey solar project, two BoS solar projects in Rajasthan and Uttar Pradesh totaling 943 MWp, and a 421 MWp private IPP BoS project. The company’s unexecuted order backlog stands at Rs. 9,287 crore. FY26 outlook remains strong, backed by a 25.2 GW solar EPC pipeline and expansion into BESS and hybrid wind EPC projects. 

Financial Overview

The company saw a YOY revenue growth of 70 percent, going from Rs 1031  Cr in Q2FY25 to Rs 1749 Cr in Q2FY26. While QoQ revenue dipped by 0.7 percent, from Rs 1762 Cr in Q1FY26. Talking about net profits, Q2FY25 had it at Rs 9 Cr and Q1FY26 had it at Rs 39 Cr, while for the latest quarter- Q2FY26 the company made a loss of Rs 478 Cr.

Sterling and Wilson Solar Ltd is a leading global solar EPC (Engineering, Procurement, and Construction) solutions provider that offers end to end services including solar project development, engineering, and O&M (operation and maintenance), and has a total portfolio of over 24.4 GWp and also manages a manages an operation and maintenance (O&M) portfolio of 9.1 GWp solar power projects.

The company is backed by the strong parentage of Reliance Industries. SWREL has a robust international presence across 28 countries, including the USA, Australia, UK, UAE and Saudi Arabia. Renowned for delivering large scale solar power projects, Sterling and Wilson Solar Ltd continues to drive renewable energy adoption worldwide through its expertise in solar EPC, solar O&M, and sustainable energy solutions.

Written by Adithya Menon

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