Sterling & Wilson jumps 9% as it emerges bidder for Rs 2,100 cr project

Shares of Sterling and Wilson Renewable Energy soared 9 per cent to Rs 327.50 in Tuesday’s intra-day trade, after the company emerged as successful bidder for work of solar PV project worth around Rs 2,100 crore.

“The balance of system (BOS) package comprising of four blocks of 300 MW each in the proposed 1200MW Solar PV Project of NTPC Renewable Energy at Khavda RE Power Park, Rann of Kutch. The total bid value, including operation and maintenance for three years, will be Rs 2,100 crore,” the company said.

So far in calendar year 2023, the stock outperformed market as shares surged 19 per cent. In comparison, the S&P BSE Sensex was down 5.3 per cent, during the same period.