As of December 2018, the company had an order book of Rs 4,309 crore, which comprises definitive engineering, procurement and construction (EPC) contracts minus the revenue already recognized from those projects.
Sterling & Wilson Solar is an end-to-end EPC solar solutions provider.
“We were the world’s largest solar EPC solutions provider in 2018 based on the annual installations of utility-scale photovoltaic (PV) systems of more than 5 Mw peak, according to IHS Markit,” the company said in its prospectus.
Along with India, the company also has presence in South east Asia, the Middle East and north Africa, rest of Africa, Europe, the US, Latin America and Australia.
For the financial year 2017-18, the company’s revenue from operations stood at Rs 6,871.70 crore, and for the nine-month period of FY2018-19 at Rs 5,915 crore. The company’s nine month profit after tax was at Rs 343.43 crore for the last financial year.
The company plans to expand in the solar operations and maintenance (O&M) segment. “We plan to continue expanding our O&M operations to solar power projects that were not constructed by us. We intend to first expand our O&M operations in the regions where we have EPC operations, and enter markets
that have conducive solar power polices with commissioned solar power projects,” the company said.