$2 Billion SP Group diversifies to new business segments

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Oct 15, 2012: Shapoor Mistry led $2 billion construction major SP’s group is diversifying to new business domains like solar plants and parks through their unlisted subsidiary Sterling and Wilson. Since their foray to solar business, the group has completed around 22 projects. The company aims to bolster long term revenue by entering into new age business segments. Khurshed Daruvala, MD, Sterling & Wilson commented that Shapoor’s vision is to make Sterling and Wilson a market leader in the new age business in India and solar segment is their first step towards it.