Deal value not revealed; The 17 acquired projects supply 13 leading industrial, commercial, and institutional customers Amplus Solar, a member of the Petronas group of Malaysia, has acquired 17 solar rooftop assets of Sterling & Wilson totaling 7.2 megawatt (MW). Amplus Solar already has 800 MW+ projects in the distributed solar segment and this deal […]
Sterling & Wilson Solar promoter Daduvala offloads 5% stake worth ₹200 crore
Khurshed Yazdi Daruvala sold 8 million equity shares or 4.99% of the total paid-up equity in solar solutions company at an average price ₹250.6 per share, according to the data Mumbai : Promoter Khurshed Yazdi Daruvala has sold 4.99% equity stake in Sterling and Wilson Solar on Wednesday, the solar EPC and O&M solutions provider, […]
Sterling & Wilson shares fall 10% after Supreme Court’s verdict against SP Group in the Cyrus Mistry vs Tata case
Shares of Sterling and Wilson Solar, a Shapoorji Pallonji Group (SP Group) company, plunged over 10 per cent after the Supreme Court dismissed appeals of the group and set aside the judgement which had ordered the reinstatement of Cyrus Mistry as Chairman of Tata Sons. Around 2.30 p.m., shares of Sterling and Wilson Solar Ltd […]
Relief for Sterling & Wilson Solar; promoters likely to sell assets to repay loan
Sterling & Wilson Solar could soon see inter-corporate loan that it extended to its promoter being repaid. Sources tell CNBC-TV18 that the promoters of Sterling & Wilson Solar are in advance talks to sell certain solar assets which fall under a Sterling & Wilson Pvt Ltd held by the two promoters. Shapoorji Pallonji and Khurshed […]
Sterling & Wilson Solar promoters delay repayments owed to company citing covid
The repayment is part of dues worth Rs2,644 crore that the promoters owe to SWSL. The loan was to be repaid within 90 days of Sterling and Wilson Solar’s IPO, which ended mid-November 2019 Solar EPC company Sterling & Wilson Solar Ltd (SWSL) on Wednesday informed stock exchanges that Rs500 crore payment due from its […]
Energy storage projects will increase in India for peaking power tariff tenders: Deepak Thakur, CEO – HES at Sterling and Wilson
He added that the firm will expand its portfolio in integrating storage solutions and is positive that the hybrid market will grow with higher renewable energy penetration into the grid The hybrid and energy storage (HES) division, part of the solar power generation company Sterling & Wilson, was launched in 2018. Deepak Thakur, chief executive […]
Sterling & Wilson Solar’s CP ratings withdrawn by India Ratings
Sterling & Wilson Solar announced that at the company’s request, India Ratings & Research has withdrawn the ratings assigned on the Rs. 300 crore Commercial Paper (CP) programme of the Company on 09 April 2020. The Company has fully repaid the CPs issued under the programme and there is no outstanding CP as on date. […]
Shapoorji Pallonji repays Rs 1,000 cr loans of Sterling wilson
New Delhi: The Shapoorji Pallonji group, promoters of Sterling & Wilson Solar Power have repaid outstanding loans to the tune of Rs 1,000 crore till Tuesday, December 31. In a regulatory filing, Sterling & Wilson Solar Power said, “Please be informed that out of the balance due, consisting of principal and interest (outstanding loan) the […]
Shapoorji Pallonji Group sells stake in TCS for the second time this month
The block deal is the second tranche of sale done by Shapoorji Pallonji in TCS this month alone. Before the first block deal, Shapoorji Pallonji held 74.45 lakh shares in TCS. Post both block deals, Shapoorji Pallonji now holds 34.05 lakh shares in TCS. Shapoorji Pallonji Group (SPG) has sold 19.5 lakh shares in India’s […]
Ind-Ra places Sterling Wilson rating on negative watch
The rating watch negative reflects the uncertainty regarding the refinancing/rollover of SWSL’s short-term loans worth around Rs 1,180 crore. Mumbai: India Ratings and Research has placed Sterling and Wilson Solar’s (SWSL) long-term issuer rating of ‘IND AA-’ on rating ‘watch negative’ from ‘stable’, the company said in an exchange filing on Tuesday. The rating watch […]