The company is primarily engaged in the business of complete turnkey solutions for engineering, procurement, construction, operation and maintenance of solar power projects.
It had order inflows of Rs 5,696 crore in H1 FY21, which is 124 per cent of the restated order book for FY20, despite the testing times on account of COVID-19, it said.
Sterling and Wilson Solar's Director and Global CEO Bikesh Ogra said, "Execution has picked up significantly across all geographies and we have also commenced construction at the project sites which we had recently won."
The firm's current operational efficiency is more than 90 per cent and is poised to reach pre-COVID levels in Q4 FY21, subject to no lockdowns in geographies where projects are under execution, he added.
"Post entering the major solar markets of Australia and Americas a few years ago, we have today established ourselves as one of the leading solar EPC players, executing projects for some of the leading global Independent Power Producers (IPPs).
"Our strategy to expand our operations in these markets continues to bear fruits, as in Q2FY21 we have booked additional order inflows for adding capacity of 415 MWp worth Rs 2,063 crores," Ogra said.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.