India's Sterling and Wilson Renewable Energy up 7% on deal win

Sterling and Wilson Renewable Energy

21/03/2023 04:14

** Shares of solar engineering solutions provider Sterling
and Wilson Renewable Energy Ltd  STEN.NS  up as much as 6.6% to
319 rupees, their biggest intra day pct gain since Jan. 31, 2023
    ** Stock at highest level since March 17, 2023
    ** Co on Monday, after market hours, said it emerged as
successful bidder for a project worth 21 bln rupees ($254.4 mln)
    ** Project for BOS package comprising four blocks of 300 MW
each in the proposed 1200 MW Solar PV project of NTPC Renewable
Energy Ltd in Gujarat
    ** Over 564,000 shares change hands as of 09:36 a.m. IST,
1.3x the 30-day moving avg
    ** As of last close, stock up 12% so far this year,
reversing its ~30% decline in 2022



($1 = 82.5575 Indian rupees)

 (Reporting by Kashish Tandon in Bengaluru)
 ((Kashish.tandon@thomsonreuters.com))