Key Points
Sterling and Wilson Renewable Energy (SWRE) is exploring options to infuse capital into the company even as it looks to turn Ebitda (earnings before interest, tax, depreciation and amortisation) positive this fiscal...
Amit Jain, global CEO, Sterling and Wilson Renewable Energy, told FE that the improved order booking, particularly from the fast expanding Indian market, should help the company double its revenues this year...
The board is exploring various options to recapitalise the balance sheet, Jain said.. Going by the trend in order bookings for the domestic market and the potential for growth, SWRE expects share of revenue from India to nearly triple from 25-30% last fiscal to more than 75% in the current financial year..
The pandemic broke down the supply chain across the globe and the Chinese suppliers, which control 90% of the modules market, reneged on the supply of modules to SWRE impacting both its bottomline and revenue, Jain said.. With the module market correcting itself, contract closure rate has gone up across the world We are definitely looking at turning Ebitda positive this fiscal..
With Reliance and Shapoorji as the major shareholders of SWRE, Jain said even if there is no capital infusion, the company on a standalone basis will be positive net worth by end of FY25...
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