Jaipur: In a major push toward renewable energy diversification, Coal India Limited has declared Sterling and Wilson Renewable Energy Limited (SWREL) as the L1 bidder for a 875 MW AC grid-connected solar PV project in Bikaner, Rajasthan, on a turnkey EPC basis.
The total contract value, including operations and maintenance (O&M) and taxes, stands at approximately ₹3,490 crore.
Coal India Expands Renewable Energy Footprint
The project marks a significant milestone as it is the first confirmed solar EPC award from Coal India to SWREL, signaling the PSU’s strategic shift from conventional coal operations toward large-scale renewable energy development.
Located in Bikaner, Rajasthan, one of India’s most solar-rich regions, the project will include:
- Turnkey engineering, procurement, and construction (EPC)
- Grid connectivity infrastructure
- Long-term O&M services (included in contract value)
Read also: ₹3,300 Crore Push: Coal India to Add 21.5 MT Washing Capacity Through 8 New Washeries
SWREL Wins Additional 50 MW Solar Order in Maharashtra
Alongside the Coal India project, SWREL has secured another 50 MW AC solar PV project from a leading private independent power producer (IPP) in Maharashtra.
Combined, the new domestic orders amount to approximately ₹3,550 crore.
FY26 Order Inflow Crosses ₹10,000 Crore
With these latest wins, SWREL’s total EPC order inflow for FY26 has surpassed ₹10,062 crore, significantly exceeding its internal target for the year.
Company management highlighted that the milestone reflects strong demand in India’s renewable energy sector and SWREL’s execution capabilities across large-scale solar projects.
Management Commentary
Commenting on the development, Chandra Kishore Thakur, Global CEO of SWREL, said:
“We are delighted to announce our first project from Coal India and to partner in their renewable energy growth story. Closing FY26 with over ₹10,000 crore in EPC inflows is a significant achievement and well above our initial target.”
He added that India’s renewable energy growth trajectory remains strong and SWREL is well-positioned to sustain momentum.
Strong Global Execution Capability
SWREL continues to strengthen its position as a leading global solar EPC player with:
- 26.1 GWp total portfolio (commissioned + under construction)
- 10.1 GWp solar O&M portfolio
- Presence across 28 countries, including India, Middle East, Africa, Europe, and Australia
Stock Exchange Disclosure
The company formally disclosed the order details to both BSE and NSE, stating that the contracts are part of its normal business operations.
About Coal India
Coal India Limited is a Maharatna public sector enterprise and the world’s largest coal-producing company. While traditionally focused on coal mining, the company is now actively diversifying into renewable energy projects such as solar power to support India’s clean energy transition and sustainability goals.
