Announced Mon, 29 Jun · 15:36 IST
SWREL JV wins about USD 560 million Egypt solar plus battery project
SWSOLAR · price
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Price reaction · full curve 14 horizons · vs prior close
+0.7%1-day move
₹244.90
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₹254.00
base price
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AI summary
SWREL's 50-50 JV with Hassan Allam Construction has received Letter of Award for a 1,000 MWac solar PV project with 600 MWh battery storage in West Minya, Egypt. Total order value is about USD 560 million. The project involves full EPC including solar plant, storage, grid interconnection and transmission. SWREL calls this its third GW scale order in nine months. Total portfolio stands at 27.3 GWp across 28 countries.
Likely market impact
Major international order win boosts SWREL's order book visibility and reinforces its position in large-scale solar plus storage EPC.