|₹509.1 / ₹183.5|
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Sterling and Wilson Solar Limited was originally incorporated as a private limited company with the name 'Rashmika Energy Private Limited' on March 9, 2017. Subsequently, the Solar EPC Division of Sterling and Wilson Private Limited was demerged into the Company pursuant to the order dated March 28, 2018 of the NCLT, Mumbai approving the Scheme of Arrangement, with the appointed date for the transfer of such Solar EPC Division being April 1, 2017. Thereafter, to reflect the association of the Company with the Sterling and Wilson group, the name of the Company was changed to Sterling and Wilson Solar Private Limited pursuant to the resolution passed by the Shareholders at their EGM held on March 29, 2018 and the certificate of incorporation pursuant to change of name was issued by the RoC on April 24, 2018. Subsequently, the Company was converted into a public limited company pursuant to the approval of the Shareholders at an EGM held on January 11, 2019. Consequently, the name of the Company was changed to Sterling and Wilson Solar Limited on January 25, 2019. The Company is a global pure-play, end-to-end solar engineering, procurement and construction ('EPC') solutions provider, and were the world's largest solar EPC solutions provider in 2018 based on annual installations of utility-scale photovoltaic ('PV') systems of more than five mega-watt peak ('MWp'), according to IHS Markit. The Company provides EPC services primarily for utility-scale solar power projects with a focus on project design and engineering and manage all aspects of project execution from conceptualizing to commissioning. It also provides operations and maintenance ('O&M') services, including for projects constructed by third-parties.