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 Shapoorji Pallonji Group, the promoter of Sterling Wilson Solar, is exploring several options, including making Eureka Forbes public or selling stake in its engineering firm Forbes & […]
Sterling & Wilson Solar Ltd leads losers in ‘B’ group
Pokarna Ltd, Prime Focus Ltd, SEL Manufacturing Company Ltd and SPL Industries Ltd are among the other losers in the BSE’s ‘B’ group today, 18 November 2019. Sterling & Wilson Solar Ltd crashed 19.99% to Rs 321 at 14:32 IST.The stock was the biggest loser in the BSE’s ‘B’ group.On the BSE, 57564 shares were […]
Sterling & Wilson Solar promoters fail to honour loan commitment
Sterling and Wilson has sought more time to repay loans worth Rs 2.341 crore. Mumbai: The promoters of Sterling and Wilson Solar (SWSL), Shapoorji Pallonji Group and Khurshed Yazdi Daruvala, failed to honour their commitments made during the initial public offering (IPO) in August and sought more time from the company’s board to repay loans […]
Bad news for solar , minority shareholders !!!
Sterling & Wilson Solar Stock Slumps As Promoters Seek Revised Debt Repayment Terms Shares of Sterling & Wilson Solar Ltd. slumped 20 percent after the solar engineering, procurement and construction firm’s promoters sought more time to repay debt due to the company.Promoters Shapoorji Pallonji and Company Pvt. Ltd. and Khurshed Daruvala were scheduled to pay […]
Sterling & Wilson Solar up 2% on receiving order worth $635mn
It is an Engineering, Construction and Procurement order for a 1.09GW DC Solar Farm in the Middle East. Sterling & Wilson Solar has received a Letter of Intent (“LOI”) for an Engineering, Construction and Procurement order for a 1.09GW DC Solar Farm in the Middle East of a value of approximately $635mn. The Limited Notice […]
Sterling & Wilson Solar bags AUD220mn EPC contract in Australia
Sterling and Wilson Solar is a subsidiary of Sharpoorji Pallonji. It is among the largest global solar engineering, procurement and construction solutions provider. Sterling & Wilson Solar Ltd. informed the BSE on Tuesday that Sterling & Wilson Solar Australia Pty. Ltd., a subsidiary of the Company in Australia, has executed a definitive contract for Engineering, […]
Sterling & Wilson Solar IPO subscribed 9% on first day of bidding
Sterling and Wilson Solar on Monday raised Rs 1,406 crore from 27 anchor investors. The initial public offer of Sterling & Wilson Solar Ltd was subscribed 9 percent on the first day of bidding on Tuesday. The IPO through which the company plans to raise about Rs 3,125 crore received bids for 21,06,264 shares against […]
India to be a large market for storage batteries in two years: Khurshed Daruvala
Interview with chairman, Sterling & Wilson Solar Ltd With a thrust on clean energy in India and overseas markets, Sterling & Wilson Solar Ltd (S&W), the biggest global player in solar engineering, procurement and construction contracts, is planning to launch Rs 4,500 crore initial public offering (IPO). Company’s chairman Khurshed Daruvala, in an interview with Ateeq Shaikh, […]
Right time for our solar business to get listed: Khurshed Daruvala, Chairman, Sterling & Wilson | Interview
Khurshed Daruvala, chairman of S&W, told Vikas Srivastava in an interview that although the company did not focus on timing the market, the general election results had worked in its favour. Edited excerpts: Sterling & Wilson Solar, the demerged entity of Sterling & Wilson (S&W) Group, plans to come out with the first IPO of […]