Sterling & Wilson Solar’s shining bright, public issue a good bet on sunrise sector
ET Intelligence Group: Sterling and Wilson Solar, a solar power plant construction company promoted by Shapoorji Pallonji Group, plans to sell a portion existing promoter stake in the primary market for upto Rs 3,125 crore. Given the rapid growth of its business overseas and increasing popularity of solar energy around the world, investors wanting an exposure to green energy stocks may consider the issue.
Business: The company is the world’s largest solar photovoltaic (PV) solution provider with over twothird of revenue from across 26 countries. It has commissioned and contracted solar power projects with the capacity of 6,870 megawatts (MW) spread over 205 projects. The company is currently commissioning 1,177 MW solar power project in Abu Dhabi, which is the world’s largest single-location solar PV plant.
