Sterling & Wilson Renewable Energy Limited Overview
Pro stress-test →Sterling & Wilson Renewable Energy (SWREL) is a global pure-play, end-to-end renewable engineering, procurement, and construction (EPC) solutions provider. The company provides EPC services for utility-scale solar, floating solar, hybrid & energy storage and wind solutions and has a total portfolio of over 26.1 GWp. Reliance Industries acquired a 40% stake in 2022, and as of March 2025, Reliance held 32.5% stake in the company.
Strategic Profile
Pro stress-test →The company recently received a LOI for a 115 MWp project in South Africa worth ~USD 120 million, and total order inflows this fiscal touched Rs 3,775 crore. Q4 FY25 profit soared 3,829% YoY with revenue doubling to ₹2,519.11 Cr, with unexecuted orders at ₹8,084 Cr (64% YoY growth) ensuring revenue visibility.
Competitive Landscape
Pro stress-test →Primary competitors include Larsen & Toubro Ltd, Kalpataru Projects International Ltd, KEC International Ltd, and ACME Solar Holdings Ltd among major Indian EPC players. SWREL differentiates through global reach, Reliance backing, and integrated EPC-O&M capabilities across utility-scale solar, hybrid, and energy storage solutions.
Industry Context
Sterling & Wilson Renewable Energy Limited operates in Renewable Energy Engineering, Procurement & Construction (EPC).
Key facts
Founded: 2006 · Headquarters: Mumbai, India · Revenue: ₹2,092 Cr (Q3 FY26) · Market cap: ₹4,628 Cr