875 MW Bikaner solar project and additional 50 MW Maharashtra order push FY26 EPC inflows past ₹10,000 crore milestone
By Climate Samurai News Desk
In a major boost to India’s clean energy expansion, Sterling and Wilson Renewable Energy Limited (SWREL) has emerged as the lowest (L1) bidder for a large-scale solar EPC contract from Coal India Limited.
The project involves the development of an 875 MW (AC) grid-connected solar photovoltaic (PV) plant in Bikaner, with a total contract value of approximately ₹3,490 crore, including operations and maintenance (O&M) and taxes.
The project marks SWREL’s first collaboration with Coal India, signaling the coal giant’s accelerating shift toward renewable energy as part of India’s broader decarbonisation strategy.
In a parallel development, SWREL has also secured an additional 50 MW AC solar EPC order from a leading private independent power producer (IPP) in Maharashtra, further strengthening its domestic project portfolio.
Strong FY26 Performance
With these latest wins, SWREL’s total EPC order inflow for FY26 has crossed ₹10,062 crore, surpassing the company’s initial projections and underscoring robust demand for solar infrastructure in India.
Commenting on the milestone, Global CEO Chandra Kishore Thakur highlighted the significance of the Coal India project and the company’s strong annual performance. He noted that the partnership aligns with India’s renewable growth trajectory and reinforces SWREL’s position as a leading solar EPC player.
India’s Solar Growth Momentum
India continues to witness rapid expansion in solar capacity, driven by government policies, corporate demand, and energy transition commitments. Large-scale projects like the Bikaner solar park are expected to play a critical role in meeting the country’s ambitious renewable energy targets while reducing dependence on fossil fuels.
Coal India’s diversification into renewables also reflects a broader trend among traditional energy companies pivoting toward cleaner alternatives to remain relevant in a low-carbon future.