Shapoorji Pallonji Group’s solar engineering, procurement and construction (EPC) business, Sterling and Wilson Solar Ltd, on Thursday, announced its initial public offering (IPO) worth ₹3,125 crore. The rest is held by individual members of the promoter group, such as Pallonji Shapoorji Mistry and Cyrus Mistry. Sterling and Wilson Solar, a pure-play end-to-end solar EPC company, claims to be the world’s largest. The firm commenced operations in 2011 as the solar EPC division of Sterling and Wilson Pvt. The renewable energy EPC firm, with presence across 26 countries, had commissioned and contracted 205 solar EPC projects with a total capacity of 6,870.12 megawatts (MW) as of 31 March.

Source: Mint August 01, 2019 16:52 UTC