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Sterling and Wilson Renewable Energy announced that it has bagged an order approximately worth Rs 2,200 crore from NTPC.
“We are pleased to inform that the company has emerged as the L-1 bidder for the BOS package comprising four blocks of the proposed solar photovoltaic (PV) plant of NTPC Renewable Energy Limited,” the company said in a regulatory filing on August 22.
The plant will come up in Khavda RE Power Park, Rann of Kutch, Gujarat and have an aggregate capacity of 1,570 megawatts.
The total bid value, including operations and maintenance (O&M) for three years, would be Rs 2,200 crore inclusive of taxes, Sterling and Wilson said.
The formal LOI and contract signing will happen in due course, said the company in a statement.
In the June quarter, the company reported a loss of ₹10 crore on a revenue of ₹79 crore.