Sterling & Wilson Records Profit Surge
POWER & RENEWABLE ENERGY

Sterling & Wilson Records Profit Surge

Sterling and Wilson, a leading global player in engineering, procurement, and construction (EPC) services for the energy sector, has reported a significant surge in profit. The company announced its financial results for the third quarter of the fiscal year, showcasing a remarkable performance.

Sterling and Wilson posted a consolidated net profit of Rs. 98.54 crore for the quarter ending December 31, 2023, as compared to a net loss of Rs. 320.08 crore in the same period the previous year. This turnaround can be attributed to various strategic initiatives undertaken by the company to optimise its operations and enhance efficiency.

Additionally, the company's focus on expanding its portfolio and geographical presence has contributed to its improved financial performance. Despite challenges posed by the ongoing pandemic and market volatility, Sterling and Wilson have managed to maintain a strong financial position and deliver value to its stakeholders.

The company remains committed to driving sustainable growth and innovation in the energy sector, leveraging its expertise and capabilities. With a positive outlook and a robust financial performance, Sterling and Wilson are poised to capitalise on emerging opportunities in the global energy market and further strengthen its position as a leading player in the industry.

Sterling and Wilson, a leading global player in engineering, procurement, and construction (EPC) services for the energy sector, has reported a significant surge in profit. The company announced its financial results for the third quarter of the fiscal year, showcasing a remarkable performance. Sterling and Wilson posted a consolidated net profit of Rs. 98.54 crore for the quarter ending December 31, 2023, as compared to a net loss of Rs. 320.08 crore in the same period the previous year. This turnaround can be attributed to various strategic initiatives undertaken by the company to optimise its operations and enhance efficiency. Additionally, the company's focus on expanding its portfolio and geographical presence has contributed to its improved financial performance. Despite challenges posed by the ongoing pandemic and market volatility, Sterling and Wilson have managed to maintain a strong financial position and deliver value to its stakeholders. The company remains committed to driving sustainable growth and innovation in the energy sector, leveraging its expertise and capabilities. With a positive outlook and a robust financial performance, Sterling and Wilson are poised to capitalise on emerging opportunities in the global energy market and further strengthen its position as a leading player in the industry.

Next Story
Resources

Skyview by Empyrean is Making Benchmarks in the Indian Ropeway Industry

FIL Industries Private Limited, the parent company of Empyrean Skyview Projects that pioneered ropeway mobility solutions in India with Jammu’s Skyview Gondola, is currently developing the Dehradun-Mussoorie ropeway and is on track to complete Phase I by September 2026. The ropeway is set to be India’s longest passenger aerial monocable covering 5.8 km between the foothills of Dehradun in Purkulgam and MDDA taxi stand in the hills of Mussoorie in just under 20 minutes. The firm pioneered green mobility solutions in India with the development of the flagship Skyview Gondola in Jam..

Next Story
Technology

Creativity is for Humans, Productivity is for Robots!

On most construction sites, the rhythm of progress is measured by the clang of steel, the hum of machinery and the sweat of thousands. But increasingly, new sounds are entering the mix: the quiet efficiency of algorithms, the hum of drones overhead, and the precision of robotic arms at work. Behind the concrete and cables, an invisible force is taking hold: data. It is turning blueprints into living simulations, managing fleets of machines, and helping engineers make decisions before a single brick is laid. This is not the construction of tomorrow; it is the architecture of today – built on ..

Next Story
Infrastructure Urban

Bhartiya Urban Unveils ‘Bhartiya Converge’ GCC Enablement Platform

Bhartiya Urban has launched Bhartiya Converge, its latest business venture designed to become India’s premier platform for enabling Global Capability Centres (GCCs). The initiative offers an integrated ecosystem aimed at helping global clients gain a competitive edge in today’s rapidly evolving business environment. Focused on enhancing turnaround time and operational efficiencies, the company seeks to deliver better business outcomes powered by top-tier talent. Bhartiya Converge presents a customised and integrated suite of microservices that addresses the nuanced and evolving operational..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?