Sterling and Wilson Solar Ltd is one of the leading end-to-end solar engineering, procurement and construction (EPC) solutions provider globally and is also engaged in the operation and maintenance (O&M) of solar power projects. The company is backed by strong parentage of the Reliance Industries
Acuité Ratings & Research Limited has downgraded Sterling and Wilson Renewable Energy's long-term bank facilities to ACUITE BBB-, with a Negative outlook for some. Short-term facilities are also downgraded to ACUITE A3. Acuité additionally withdrew ratings for several bank facilities and commercial paper.
Sterling and Wilson Renewable Energy reported Q1 FY27 revenue of INR 1,590 Cr, with PAT up 36% at INR 53 Cr. Operational EBITDA was INR 78 Cr (4.9% margin), and O&M revenue surged 40%. Despite Q1/Q2 slowdowns from project delays and monsoon, management is highly confident in H2 FY27, targeting...