Coronavirus to affect business in near term: Sterling and Wilson Solar

Shapoorji Pallonji Group company Sterling and Wilson Solar Limited have said that outbreak of coronavirus is expected to affect its business in near term. "We are constantly evaluating current situation in China due to outbreak of Coronavirus which will impact our business in near term," Bikesh Ogra – Director and Global CEO, Sterling and Wilson Solar Limited said in a regulatory filing.

Currently, production activities at some of its critical suppliers’ end have stopped and is expected to commence by month-end, Ogra said. As most materials were expected to be shipped in February/March 2020 re is likely to be a significant impact, Ogra ded.

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"We would continue to focus on faster execution once situation in China stabilises. We shall continue to target increasing market share in Australia, US and Europe," Ogra ded. Ogra furr said that company plans to diversify into newer markets in Far East and ditional countries in South America and Europe.

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"We shall focus on expansion of rooftop business internationally and or large opportunities in India," Ogra said. Sterling and Wilson Solar Ltd is a pure-play, end-to-end solar engineering, procurement and construction (EPC) solutions provider. Shares of company were tring at Rs 280.95 a piece on BSE, down 6.33 per cent from its previous close.

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