Sterling & Wilson eyes Rs 1,500-crore IPO for generator manufacturing arm

Sterling & Wilson plans a ₹1,500 crore IPO for its generator unit. Proceeds will fund the company's significant global and domestic expansion plans. The generator business has seen strong momentum, driven by data centre growth. Its order book nearly doubled in FY26, reaching ₹2,900 crore. This move aims to strengthen its market position and meet rising demand.