Sterling and Wilson Renewable Energy Ltd. share price target

A pure-play global solar EPC and O&M service provider, Sterling & Wilson’s record Q2 orderbook of Rs105bn and the upgraded credit rating will help it achieve its FY25 revenue target of Rs80bn.

Globally, renewable energy capacity added in CY23 was a record 507GW, up 50% y/y. The International Energy Agency estimates 3,178GW are likely to be added over CY24-28. In India, capacity is likely to be 500GW by 2030.

Sterling and Wilson Solar Limited IPO Note Issue Open: August 06 August 08, 2019, Price Band: Rs. 775 780, Issue Size: 40,064,103 40,32,2581 eq shares (Entirely Offer for sale), Issue Size: Rs. 3125.00 crs

Sterling Wilson Solar (SWSL) is a global pure-play, end-to-end solar engineering, procurement and construction (EPC) solutions provider. It was the world's largest solar EPC solutions provider in 2018 (in more than 5 MWp category). It provides EPC services primarily for utility-scale solar power projects with a focus on project design & engineering and manages all aspects of project execution from conceptualising to commissioning with a presence across 26 countries. It also provides operations and maintenance...