Sterling & Wilson - Well Set To Capitalise On Growing Opportunities, Anand Rathi Initiates With A 'Buy' Rating

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Anand Rathi Report.We initiate coverage on Sterling & Wilson Renewable Energy Ltd. with a Buy rating, at a 12-month target price of Rs 870 based on DCF, given the inspiring growth opportunities. .Globally, renewable energy capacity added in CY23 was a record 507 giga watt, up 50% YoY. The International Energy Agency estimates 3,178 GW are likely to be added over CY24-28. In India, capacity is likely to be 500GW by 2030 (versus 192GW at end -FY24), benefiting EPC companies. Sterling & Wilson is a pure-play global solar engineering, procurement and construction and operation and maintenance service provider. We model solar EPC orders of ~Rs 496 billion over FY25-27 across markets. RIL’s plan to set up 100GW renewable energy capacity (predominantly solar and battery storage) by 2030 to meet its net-zero goal, could offer EPC opportunities of Rs 1.1 trillion over FY26-31, ~Rs 300 billion for Sterling & Wilson, and O&M services of ~Rs 24 billion. .Risks: Adverse government policy, slower-than-expected project completion, keen competition dampening profitability.Click on the attachment to read the full report:.Reliance Industries FY24 AGM - Targets To Double Ebitda In Next Five Years: Motilal Oswal.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Sterling & Wilson - Well Set To Capitalise On Growing Opportunities, Anand Rathi Initiates With A 'Buy' Rating

RIL’s RE generation plans to offer multi-year opportunities for the company, says the brokerage.

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Sterling & Wilson - Well Set To Capitalise On Growing Opportunities, Anand Rathi Initiates With A 'Buy' Rating

RIL’s RE generation plans to offer multi-year opportunities for the company, says the brokerage.

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