Sterling & Wilson Records Profit Surge

25 Apr 2024 CW Team

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.

Equipment

12 Dec 2025

Schwing Stetter India Unveils New Innovations at Excon 2025

Schwing Stetter India unveiled more than 20 new machines at Excon 2025, marking one of its most significant showcases and introducing several India-first technologies to the construction equipment sector. The company launched the country’s first 56-metre boom pump designed and manufactured in India, the first fully electric truck mixer, the first CNG mixer variant and the first hybrid boom pump. Executives said the launch portfolio was engineered to support India’s move toward faster, greener and more vertically oriented infrastructure through advanced engineering, clean-energy solutions a..

SEPC Resolves Hindustan Copper Dispute, Wins Rs 725 Mn Order

Engineering, procurement and construction firm SEPC Ltd has recently settled a dispute with Hindustan Copper Ltd (HCL) and secured a mining infrastructure order valued at Rs 725 million from the state-owned company. SEPC informed the stock exchanges that it has executed a settlement deed with HCL, bringing closure to all inter-se claims and counterclaims arising from arbitration proceedings. As part of the settlement, SEPC will receive Rs 304.5 million as full and final payment, marking the resolution of all pending disputes between the two entities. The company also stated that Hindustan Co..

20% Ethanol Blending Cuts India’s CO2 Emissions by 73.6 Mn Tonnes

Union Road Transport and Highways Minister Nitin Gadkari recently said that India has reduced carbon dioxide emissions by 73.6 million metric tonnes due to the adoption of 20 per cent ethanol blending in petrol. He made the statement while replying to supplementary questions during the Question Hour in the Lok Sabha. Describing ethanol as a green fuel, the minister said it plays a key role in reducing pollution while also supporting higher incomes for farmers. He underlined that ethanol blending contributes both to environmental sustainability and rural economic growth. Nitin Gadkari also po..