Sterling and Wilson Renewable Energy's stock is currently trading at Rs. 673.10, marking an increase of 16.30 points or 2.48% from its previous closing price of Rs. 656.80 on the BSE.

The stock opened at Rs. 655.05 and reached a high of Rs. 675.00 and a low of Rs. 655.05. A total of 54,942 shares have been traded so far.

This BSE group 'A' stock, with a face value of Rs. 1, hit a 52-week high of Rs. 828.00 on May 21, 2024, and a 52-week low of Rs. 253.45 on October 19, 2023. Over the past week, the stock has fluctuated between a high of Rs. 683.80 and a low of Rs. 624.80. The company's current market capitalization stands at Rs. 15,325.90 crore.

Promoters hold a 52.91% stake in the company, while institutions and non-institutions hold 19.15% and 27.94%, respectively.

Sterling and Wilson Renewable Energy (SWREL) has secured a significant order for the engineering, design, procurement, erection, testing, and commissioning of a 1,000 MWh standalone Battery Energy Storage System (BESS) in Rajasthan, India. This project is the largest BESS project in India to date and one of the few globally of such scale, expected to be completed by 2025. As of March 2024, India's total installed BESS capacity is around 219 MWh. According to the National Electricity Plan (NEP) 2023 by the Central Electricity Authority (CEA), the projected energy storage capacity requirement for 2026-27 is 82.37 GWh. With this order, SWREL will significantly strengthen its position in the rapidly growing BESS market in India.

Moreover, the company has also won a 20 MW floating solar project in Karnataka from the same client, making it the third floating solar project SWREL is executing in the country. The total order value for both projects, including operations and maintenance (O&M) and taxes, is approximately Rs 328 crore.

Sterling and Wilson Renewable Energy specializes in the construction and maintenance of power plants, offering a range of contract activities and operational services.