Sterling and Wilson Renewable Energy Legal & Regulatory
The GST authority in Jaipur issued an order imposing a tax demand and penalty of approximately ₹13.86 Crore each on the Company.
- Value
- ₹13.86 Cr
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Time
8 announcements
The GST authority in Jaipur issued an order imposing a tax demand and penalty of approximately ₹13.86 Crore each on the Company.
CGST Jaipur demanded ₹27.72 Cr tax and penalty from Sterling and Wilson for Nov 2020 to Nov 2021. Company states demand is largely covered by promoter indemnity.
Sterling and Wilson Renewable Energy secured domestic and international orders totaling over INR 985 Crore. The wins include a 534.3 MWp solar order and 616 MWh storage projects.
Sterling and Wilson's subsidiary, SWSS, has initiated a new arbitration against OEG Inc. regarding undetermined counterclaims. A three-member arbitration panel has been constituted.
Sterling and Wilson reported Q1 FY27 revenue of INR 1,590 crores and PAT of INR 53 crores, driven by record UOV of INR 13,000 crores following a landmark USD 560 million Egypt order win.
Sterling and Wilson reported Q1 FY27 revenue of INR 1,590 Cr with a PAT of INR 53 Cr, up 36% YoY. Focus remains on utility-scale solar EPC and O&M services.
Sterling and Wilson Renewable Energy Ltd reported revenue from operations of ₹1,590 Cr (-9.7% YoY) and net profit of ₹53.3 Cr (+37.7% YoY) for Q1 FY27.
SWSOLAR achieved record FY26 revenue of ₹7,548cr and Q4 PAT of ₹142cr. Management reports record order inflows of ₹10,062cr and an unexecuted order book of ₹11,813cr, focusing on domestic EPC and BESS.