Sterling and Wilson Renewable Energy Limited (SWREL) has secured renewable energy orders worth more than Rs 985 crore in India and South Africa, even as the company disclosed a separate GST demand and penalty of approximately Rs 27.72 crore, plus applicable interest, the company said in a press release to the BSE.
The company has received a 534.3 MWp order in Rajasthan from a leading independent power producer (IPP) in India. The project, awarded by a new customer, involves the Balance of System (BOS) package.
It has also secured an order in South Africa covering two battery energy storage system (BESS) projects, each with an energy storage capacity of 308 MWh and a combined capacity of 616 MWh.
The South African order has been awarded by a Middle East-based renewable energy projects developer and involves a turnkey EPC wrap. The customer is an existing client of SWREL.
The combined value of the two orders, including taxes, is more than Rs 985 crore, the company said.
The South African project is the second-largest utility-scale BESS project to be undertaken by SWREL, according to the company. The Rajasthan project is estimated to reduce carbon dioxide emissions by approximately 0.80 million tonnes after commissioning.
Chandra Kishore Thakur, global CEO of Sterling and Wilson Renewable Energy, said the two orders reflected continued momentum in the company’s business and customer confidence in its project execution capabilities.
The company said the new wins strengthen its position in the global renewable energy sector and build on its customer relationships and expertise in renewable EPC projects.
Gets Rs 27.72 crore GST demand for 2020-21 period
Separately, Sterling and Wilson Renewable Energy disclosed that it has received an order from the Additional Commissioner, CGST, Jaipur, demanding tax and penalty aggregating to approximately Rs 27.72 crore, along with applicable interest.
The order, dated September 21, 2026, relates to the period from November 2020 to November 2021 and was received by the company on September 21.
According to the regulatory filing, the GST authorities have alleged a tax shortfall of approximately Rs 13.86 crore and imposed a penalty of an equal amount. Applicable interest is additional.
The company said it is evaluating the order and will decide its future course of action. The demand is not expected to have a material impact on its operations because a substantial portion of the demand is covered under an indemnity agreement executed between the promoters and the company, it added.
The company also stated that no aberrations or non-compliances were identified by the authority beyond the matters specified in the order.
