Sterling and Wilson Renewable Energy Reports Record Revenue, 4.5 GW Project Execution in FY26

Sterling and Wilson Renewable Energy Limited (SWREL) reported its strongest financial and operational performance since listing, driven by record project execution, robust order inflows, and expansion into energy storage and wind EPC segments. The company reported revenue of INR 7,548 crore in FY26, reflecting nearly 20% year-on-year growth, while operational EBITDA increased 53% year-on-year to INR 444 crore.

During the fiscal year, SWREL commissioned approximately 4.5 GW AC of solar capacity, marking the highest annual execution in the company’s history and accounting for around 15% of India’s utility-scale solar installations commissioned during the year. The company also secured new orders worth INR 10,062 crore across 12 projects, representing a 43% increase compared to the previous year. Its unexecuted order value stood at INR 11,813 crore at the end of FY26, providing strong revenue visibility for future growth.

The company expanded its Operations and Maintenance (O&M) portfolio by 50% year-on-year to 13.5 GW, strengthening its position as one of the world’s largest third-party renewable energy O&M service providers. SWREL stated that the segment continues to provide stable recurring revenues and remains a key component of its long-term growth strategy.

As part of its diversification strategy, SWREL secured a 790 MWh Battery Energy Storage System (BESS) project in Rajasthan and continued to strengthen its presence in the wind EPC segment. The company said its expanding capabilities across solar, wind, battery storage, and hybrid renewable energy solutions position it to address growing demand for integrated clean energy infrastructure.

Looking ahead, SWREL said it remains focused on capitalizing on India’s rapidly expanding renewable energy market, supported by a strong order book, growing O&M portfolio, and increasing opportunities in battery storage, wind energy, and hybrid renewable projects.