Sterling and Wilson Renewable Energy Ltd (SWREL) announced on Monday it has secured new domestic orders worth approximately ₹3,550 crore, sending its stock soaring over 15 per cent on the National Stock Exchange to trade at ₹223.73 — making it one of the top 10 gainers on the NSE as of midday.

The bulk of the fresh order value comes from Coal India, which has declared SWREL as the L1 (lowest) bidder for a turnkey EPC package to develop an 875 MW AC grid-connected solar photovoltaic project in Bikaner, Rajasthan. The contract, including operations & maintenance and taxes, is valued at approximately ₹3,490 crore. This marks SWREL’s first project win from Coal India.

In addition, the company received an order for a 50 MW AC solar project in Maharashtra from a private independent power producer (IPP), contributing the remaining ₹60 crore to the total announced order value.

With these wins, SWREL’s total EPC order inflows for FY26 have crossed ₹10,062 crore — a figure the company says is significantly above its original annual target.

The stock opened at ₹194.88 and hit an intraday high of ₹224.99, with traded volumes of over 341 lakh shares and a traded value of approximately ₹744 crore by late morning. Buying interest outweighed selling, with 44 per cent of orders on the buy side against 56 per cent on the sell side.

Despite today’s sharp rally, SWREL’s stock remains down about 23 per cent over the past year, against a 52-week high of ₹348.90 touched in June 2025 and a recent low of ₹148 in late March 2026.

SWREL is a Mumbai-based global solar EPC company with a portfolio exceeding 26.1 GWp and operations across 28 countries.

Published on April 20, 2026