Sterling Powergensys Limited, originally incorporated as Sterling Strips Private Limited in 1984, transitioned to a public limited company in 2014. The company specializes in the manufacturing of industrial boilers, Waste Heat Recovery Boilers, and thermal power plants up to 10 MW, with successful exports to markets like Saudi Arabia, Dubai, Thailand, and Nigeria. Initially raising capital through a public issue in 1994, Sterling Powergensys expanded into the solar power sector in 2015, executing EPC projects. By focusing on EPC project execution and API grade spiral pipe manufacturing, the company adapted to the growth in the capital goods industry.
Following a successful revival scheme in 2011, which included a preferential equity allotment to promoters, the company regained financial stability and was discharged from BIFR oversight. Sterling Powergensys continues to innovate with comprehensive services in design, analysis, manufacturing, and project execution in both thermal and solar power sectors, positioning itself as a versatile player in the renewable energy and industrial equipment markets.
