/
•
•
Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
With three promoters—Reliance, Shapoorji Pallonji Group and the Daruvala family—the EPC firm is already treading on thin ice. The prospect of a disagreement or distress sale upsetting the delicate balance is a constant worry for investors.
Sterling & Wilson Renewable Energy is in the best shape it has been in for a while. The engineering, procurement and construction company, which sets up large renewable energy projects, has returned to profitability after 12 straight quarters of losses and is bagging orders for marquee projects.
Yet, despite the hard-fought comeback, there’s something that it hasn’t quite managed to shake off—the overhang of its unique promoter structure and its consequences for both investors and the company itself.
An explanation is in order here. Sterling & Wilson Renewable Energy has three promoter groups: Reliance New Energy (32.5%), Shapoorji Pallonji & …
ADNOC’s strong numbers underline a strategy built on higher output, shipping gains and new routes that sidestep the risky Strait of Hormuz.
Instead of going after scale like Jio, the Sunil Bharti Mittal-led telecom giant is chasing a smaller but higher-quality customer base to grow its home broadband segment. Will the bet pay off?
