Shares of Sterling and Wilson increase as they bag order for Rs 10.8 bn

After receiving three contracts for rural electrification worth Rs 100.8 million, Sterling and Wilson Renewable Energy's stock increased by more than two percent. The remaining two orders come from South Bihar Power Distribution Company (SBPDCL) in Nalanda (which also covers districts in Nawada) and Gaya, while one order comes from Chhattisgarh State Power Distribution Company (CSPDCL) in the Rajnandgaon district of Chhattisgarh. The initiatives, which have a 30-month schedule and are intended to build distribution infrastructure at electric supply circles, would have an impact on lakhs of people's life in the regions. These turnkey projects were awarded using the distribution sector's newly revised reform-based and results-linked methodology. Sterling and Wilson is the leading national engineering, procurement, and construction (EPC) firm. It conducts business in more than 30 countries and has significant operations in Asia, the Middle East, Africa, Europe, the Americas, and Australia. Also read: EU launches first tender under renewable energy financing mechanism K'taka to permit recurring energy banking for renewable energy projects