India's Sterling and Wilson jumps to over 15-month high on unit's MoU

Sterling and Wilson Renewable Energy

23/09/2022 06:07

** Shares of solar engineering company Sterling and Wilson
Renewable Energy  STEN.NS  rise as much as 10% to 362.05 rupees,
highest since Jun. 6
    ** Stock posts biggest intraday pct gain since Oct. 11, 2021
    ** STEN stock to gain for 4 consecutive sessions
    ** Co said its unit Sterling and Wilson Solar Solution
signed an MoU with the Federal Republic of Nigeria along with
its consortium partner Sun Africa LLC  urn:newsml:reuters.com:*:nFWN30T2RA
    ** Co signs MoU to deliver development, design,
construction, and commissioning of solar photovoltaic power
plants, with total installed capacity of 961 MWdc, at five
locations in Federal Republic of Nigeria [https://bityl.co/Eexk
]
    ** Projects will be owned and operated by Nigeria's
state-owned Niger Delta Power Holding Company
    ** More than 2.1 mln shares change hands by 0452 GMT, 3.6x
the 30-day avg of 605,171 shares
    ** Stock down 13.93 % YTD up to last close
 (Reporting by Anuran Sadhu in Bengaluru)
 ((Anuran.Sadhu@thomsonreuters.com ;))