Sterling & Wilson Renewable Energy Hits Record INR 13,000 Cr Order Book, Bags USD 560M Egypt Project

Sterling and Wilson Renewable Energy Limited (SWSOLAR) has started FY27 on a strong footing, reporting its highest-ever post-COVID unexecuted order value (UOV) of around ₹13,000 crore. The milestone was announced alongside the company’s Q1 FY27 financial results, highlighting healthy business momentum across domestic and international markets.

A key driver of the quarter was a major international order in Egypt, further strengthening the company’s position as a global renewable energy EPC player.

Record Order Book Strengthens Growth Visibility

SWSOLAR’s unexecuted order value (UOV) reached approximately ₹13,000 crore, providing strong revenue visibility for the coming quarters.

The company also maintained a healthy domestic EPC order book of around ₹7,900 crore, while continuing to deliver gross margins in the 9%–10% range.

The robust order pipeline reflects sustained demand for utility-scale renewable energy projects across key markets.

Wins $560 Million Renewable Energy Project in Egypt

One of the quarter’s biggest achievements was the award of a US$560 million project in Egypt.

The project will be executed through a 50:50 joint venture and involves the development of a 1,000 MW AC solar photovoltaic (PV) plant integrated with a 600 MWh Battery Energy Storage System (BESS).

Once completed, the project is expected to be among Egypt’s largest utility-scale renewable energy developments and will further strengthen SWSOLAR’s expertise in hybrid renewable energy solutions.

Q1 FY27 Business Highlights

The company also reported encouraging operational performance during the quarter:

• Profit After Tax (PAT) increased 36% year-on-year.
• Operations and Maintenance (O&M) revenue grew 40% year-on-year, supported by an expanding asset management portfolio.
• Term debt declined by approximately ₹160 crore on a sequential basis following scheduled repayments.

These improvements reflect stronger operational execution and continued focus on financial discipline.

Management Remains Optimistic

Commenting on the performance, Chandra Kishore Thakur, Global CEO, expressed confidence in the company’s growth outlook, citing the record order book and healthy project pipeline.

He indicated that the strong UOV is expected to support both revenue growth and profitability in the coming quarters as projects move into execution.

Well Positioned for Renewable Energy Growth

Sterling and Wilson Renewable Energy continues to expand its presence across solar EPC, wind energy, battery energy storage, and operations and maintenance (O&M) services.

The company also has a global bid pipeline exceeding 27.7 GW, providing significant opportunities to secure new contracts amid growing worldwide investments in clean energy infrastructure.