Acuite said that the downward revision in the rating is driven by the ongoing challenges faced by SWSL in maintaining adequate liquidity buffers. Acuité has downgraded its short-term rating to ‘ACUITE A2’ from ‘AUITE A1+ on the Rs200cr Commercial Paper Programme of Sterling and Wilson Solar Limited (SWSL). In its rationale rating, Acuite said that […]
Sterling & Wilson shares up 20 per cent over SP Group’s exit from Tata Sons
The announcement came after Tata Sons earlier in the day told the Supreme Court that it was ready to buy the Mistry family’s stake in Tata Sons at current market value Mumbai: Shares of Shapoorji Pallonji Group company, Sterling & Wilson Solar, surged 20 per cent after the group announced that it will end its […]
Sterling & Wilson Solar receives credit ratings from India Ratings & Research
Sterling & Wilson Solar has received credit ratings from India Rating & Research as follows – Fund-based limits (Rs 192 crore)- IND A/ RWN/ IND A1/RWN (Downgraded; maintained on RWN) Proposed fund based limits (Rs 108 crore) – IND A/ RWN/ IND A1/RWN (Downgraded and assigned maintained on RWN) Non-fund based limits (Rs 7244 […]
Sterling & Wilson Solar shares rally 20% after SP Group announces it will exit Tata Sons
The announcement came after Tata Sons earlier in the day told the Supreme Court that it was ready to buy the Mistry family’s stake in Tata Sons at current market value. Shares of Sterling & Wilson Solar surged nearly 20 per cent on Wednesday after Shapoorji Pallonji Group announced that it will end its ties […]
Shapoorji Pallonji Group falters again on repayments to Sterling & Wilson Solar
Shapoorji Pallonji group said that it is unable to repay pending dues worth ₹1,000 crore due in June and September to Sterling & Wilson Solar Ltd The repayment is part of dues worth ₹2,644 crore that the promoters owe to SWSL MUMBAI: The Shapoorji Pallonji group has told group company Sterling & Wilson Solar Ltd (SWSL) […]
Sterling & Wilson Solar share price gains 3% after Australian arm executes order
The contract was worth AUD 170.60 million (approximately Rs 827 crore). Sterling & Wilson Solar share price rallied 3.4 percent on December 12 after its Australian subsidiary executed a AUD 170.60-million order. The stock closed at Rs 286.90 on the BSE after rallying 5 percent intraday. The engineering company informed exchanges that Sterling & Wilson […]
Shapoorji Pallonji finding ways to pay back to Sterling Wilson Solar
The promoters of Sterling Wilson Solar currently owe the company Rs 2,341 crore, which includes a principal amount of Rs 2,085 crore and interest of Rs 256 crore New Delhi : Shapoorji Pallonji Group, the promoter of Sterling Wilson Solar, is exploring several options, including making Eureka Forbes public or selling stake in its engineering […]
No impact of repayment delay on working capital: Sterling & Wilson Solar
Promoters aim to reduce outstanding loan by Rs 1,000 crore from listing date, by December 31 Even as promoters of Sterling & Wilson Solar have asked for a new debt repayment schedule, the company does not expect a delay in the same to impact its working capital requirements, according to top executives. The solar EPC […]