Reliance Group Stock Skyrockets 15% After Securing ₹3,550 Cr Solar Order from Coal India

SYNOPSIS: Company secured a Rs. 3,550 crore solar EPC project from Coal India and an additional 50 MW order, taking FY26 order inflows above Rs. 10,000 crore, highlighting strong growth momentum in renewable EPC business.

During Monday’s trading session, shares of one of India’s leading end-to-end renewable engineering, procurement, and construction (EPC) solutions providers surged nearly 15 percent on BSE, after the company announced securing a solar order worth Rs. 3,550 crores from Coal India Limited.

With a market cap of Rs. 5,163 crores, shares of Sterling & Wilson Renewable Energy Limited are currently trading in the green at Rs. 222 on BSE, up by more than 14 percent, compared to its previous closing price of Rs. 194.3. The stock has delivered negative returns of over 28 percent in the last one year, but has gained by about 30 percent in just one month.

What’s the News

As per its latest disclosure to the stock exchanges, Sterling and Wilson Renewable Energy Limited has emerged as the L1 (lowest bidder) for a turnkey EPC contract awarded by Coal India Limited. The project involves the development of an 875 MW (AC) grid-connected solar PV plant in Bikaner, Rajasthan, with a total contract value of around Rs. 3,550 crore, including operations and maintenance (O&M) and applicable taxes.

In addition, the company has secured an order for a 50 MW AC solar project in Maharashtra from a leading domestic independent power producer (IPP), further strengthening its project pipeline.

With these recent wins, the company’s total EPC order inflows for FY26 have surpassed Rs. 10,062 crore, exceeding its initial annual targets and reflecting strong execution momentum.

Commenting on the development, Global CEO Chandra Kishore Thakur stated that securing its first project from Coal India marks a key milestone for the company. He also highlighted that closing FY26 with order inflows above Rs. 10,000 crore underscores the company’s growth trajectory and positioning in the renewable energy EPC space.

Financials & More

SWREL reported a significant growth in revenue from operations, experiencing a year-on-year increase of around 14 percent, from Rs. 1,837.2 crores in Q3 FY25 to Rs. 2,092.2 crores in Q3 FY26. Meanwhile, its net profit decreased during the same period from Rs. 17 crores to Rs. 1.55 crores, representing a fall of around 91 percent YoY. The company will announce its Q4 FY26 and FY26 results on 13rd April 2026.

Sterling and Wilson Renewable Energy Limited (SWREL) is a Renewable Energy EPC contractor with a strong presence across India and operations spanning regions such as the Middle East, Southeast Asia, and Africa. The company began its operations in 2011 as part of the Shapoorji Pallonji Group. In 2022, Reliance Industries Limited (RIL), through its subsidiary Reliance New Energy Limited, acquired a 40 percent stake in the company. 

It specialises in complete turnkey and rooftop solutions and Renewable Energy EPC solutions, with experience in executing more than 200 projects. The principal activity of the company includes import, export and trading of solar modules, structures, inverters, and related accessories, installation and maintenance of renewable energy power generating facilities and other related activities.

SWREL is also engaged in the business of: (a) setting up of power plants, solar energy systems, renewable energy systems or any other facility including Hybrid Energy Systems & Energy Storage (BESS) & (ESS) plants with predominantly non fossil fuels to generate power and to produce; (b) integrated solid waste/ biomass management including Waste to Energy using MSW (Municipal Solid Waste) as fuel for power generation, using biomass as fuel for power generation, selective power to synthetic gas using excess renewable power, power plant for the demand response market. 

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