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Sterling and Wilson Renewable Energy Report Rs 429 Cr Loss in December Quarter

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Sterling and Wilson Renewable Energy on Monday reported a consolidated net loss of Rs 428.78 crore in the quarter ended December 2021.

Pixon

The company had posted a consolidated net profit of Rs 22.45 crore in the quarter ended December 2020, according to a BSE filing.

Total income of the company stood at Rs 1,502.23 crore in the quarter under review, up from Rs 1,347.64 crore in the same period a year ago.

It total expenses rose to Rs 1,918.68 crore in the latest December quarter from Rs 1,324.28 crore in the year-ago period.

The group is primarily engaged in the business of complete turnkey solution for engineering, procurement, construction, operation and maintenance of renewable energy projects.

Also recently, Reliance Industries Limited (RIL) has completed the acquisition of 40 per cent stake of Shapoorji Pallonji (SP) Group in Sterling & Wilson Renewable Energy Limited (SWREL) for Rs 2,845 crore.

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