Sterling & Wilson Raises FY26 Order Guidance

19 Jan 2026 CW Team

Sterling and Wilson Renewable Energy Ltd (SWREL) reported strong performance for Q3 FY26 and revised its full-year order inflow guidance upward to more than Rs 110 billion, supported by sustained project momentum and improved financial strength.

The company secured new orders worth Rs 30.9 billion during Q3 FY26 and built a robust pipeline heading into the final quarter. Unexecuted order value rose sharply to Rs 104.1 billion, driven by fresh order inflows of Rs 69.3 billion during the first nine months of FY26.

Revenue for the nine months ended December 2025 reached Rs 56.0 billion, marking growth of 48 per cent compared with Rs 37.8 billion in the same period last year. Operational EBITDA for 9M FY26 stood at Rs 2.89 billion, more than doubling from Rs 1.34 billion in 9M FY25.

Strong order inflows and improved credit ratings enabled the company to secure additional lending support and expand working capital lines, strengthening its execution capabilities and enhancing customer confidence.

During the quarter, SWREL signed a five-year framework agreement with Adani Green and secured its first Balance of System (BOS) order from the developer. The move is seen as a significant strategic milestone, as leading Indian renewable developers increasingly shift from self-execution to third-party EPC partners to scale projects more efficiently.

The company also secured its second South African order of the quarter valued at USD 147 million, alongside two additional Indian renewable energy projects, including a pure BOS contract from a leading Indian power producer.

With sustained domestic and international wins, SWREL has reinforced its position as a leading renewable EPC player while improving order visibility and strengthening its global project portfolio.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..