India's Sterling and Wilson Renewable Energy hits over 3-week low on weak quarterly results

Sterling and Wilson Renewable Energy

13/10/2022 06:26

** Shares of solar engineering solutions provider Sterling
and Wilson Renewable Energy Ltd  STEN.NS  fall as much as 3.7%
to 291.80 rupees, lowest since Sept 20
    ** STEN said on Wednesday Sept-qtr losses widened to 2.97
bln rupees ($36.09 mln) from 2.85 bln rupees a year ago
 urn:newsml:reuters.com:*:nFWN31D0GK
    ** Consol rev from ops was 3.13 bln rupees vs 14.38 bln
rupees a year ago
    ** Co also said on Wednesday it won an order worth 22.12 bln
rupees from NTPC Renewable Energy Ltd for its proposed solar PV
project in Gujarat  urn:newsml:reuters.com:*:nFWN31D1BL
    ** More than 408,000 shares change hands by 0509 GMT vs the
30-day avg of 640,053 shares
    ** Stock down 20.75% this year, as of last close
($1 = 82.3040 Indian rupees)
 (Reporting by Atreya Raghavan in Bengaluru)
 ((Atreya.Raghavan@thomsonreuters.com; Mobile: +91 8527959656))