Sterling and Wilson Renewable Energy witnessed a sharp surge in its share price, rising nearly 14%, after securing a major solar EPC contract worth ₹3,490 crore from Coal India Limited.
The contract involves the development of a large-scale solar project, marking one of the company’s significant order wins in the domestic renewable energy segment. The deal further strengthens Sterling and Wilson’s order book and reinforces its position as a key EPC player in India’s rapidly expanding solar market.
Following the announcement, investor sentiment turned positive, driving strong buying interest in the company’s stock. Market participants viewed the order as a key indicator of revenue visibility and execution strength in the coming quarters.
The development also highlights Coal India Limited’s ongoing efforts to diversify its portfolio by expanding into renewable energy. The state-run company has been actively investing in solar projects as part of its broader strategy to support India’s clean energy transition and reduce reliance on conventional fossil fuels.
The order win reflects the growing momentum in India’s utility-scale solar sector, with increasing participation from both public sector enterprises and private EPC players to meet the country’s ambitious renewable energy targets.
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