Sterling and Wilson’s Q4 Net Loss Grows as Returns from EPC Projects Drop
Revenue from EPC business dropped by 96% YoY to ₹395.8 million
April 21, 2023
Follow Mercom India on WhatsApp for exclusive updates on clean energy news and insights
The engineering, procurement, and construction (EPC) arm of Shapoorji Pallonji Group, Sterling and Wilson Renewable Energy’s consolidated net loss widened by 231% to ₹4.21 billion (~$51 million) for the fourth quarter (Q4) of the financial year (FY) 2023 compared to the loss of ₹1.27 billion (~$15 million) in Q4 FY 2022 due to lower returns from EPC projects.