Solex Energy Bags ₹4.51 Billion Order, Furthers Growth with All-Time Capacity Expansion and Multibagger Returns

Solex Energy Limited, India's fastest-growing and most reliable solar brand, has won a significant order of ₹4.51 billion, another milestone in its superlative growth in the renewable energy business. The order is given during a phase of aggressive growth, technological advancements, and outstanding financial performance, making Solex the leading player in India's green energy shift.

 

Significant ₹4.51 Billion Order Victory

Solex Energy has secured a major order worth ₹4.51 billion, further solidifying its strong order book and highlighting increased demand for its high-efficiency solar modules and EPC services. The order is a testament to Solex's brand of quality and reliability both globally and in India.

 

Capacity Expansion to 4 GW

The firm recently declared the commissioning of a new 2.2 GW solar module manufacturing line, with an investment of ₹2 billion. Upon becoming operational by September 2025, Solex's overall manufacturing capacity will be around 4 GW, one of the largest solar module manufacturers in India.

 

Cutting-Edge Technology and Automation:

The new line will utilize TOPCon (glass-to-glass) technology and state-of-the-art automation, including AI and real-time data analysis, to deliver world-class efficiency and quality. This technology advantage enables Solex to respond to increasing worldwide demand for high-performance solar modules.

 

Strategic Partnerships:

Solex has entered into partnership with Zhuhai Gmee Solar Equipment Company to introduce cutting-edge manufacturing capabilities and expertise to its Gujarat plant, solidifying its focus on innovation and operational excellence.

 

Financial Performance and Multibagger Returns:

Solex Energy has registered an 80% year-on-year growth in revenues in FY 2023–24 and a stunning 110% CAGR, with a 126% year-on-year growth in net sales and a 222% year-on-year growth in net profit. The stock of the company has given multibagger returns of more than 4,000% during the past five years, indicating robust investor confidence.

 

Vision 2030 and Future Plans:

Under its Vision 2030 plan, Solex aims to expand module manufacturing to 15 GW and establish a new solar cell facility with an initial 2 GW capacity, scalable to 5 GW. The company also plans to create over 25,000 jobs, further contributing to India’s renewable energy goals.

 

This growth is about building capacity and creating opportunities-hiring expertise, driving innovation, and enhancing our collaborations," expressed Chetan Shah, Chairman & Managing Director, Solex Energy Limited.

 

Through this new order and continued growth, Solex Energy will be at the forefront of energizing India's green future, providing pioneering solutions and delivering outstanding value to shareholders.

 

Source: EQ Mag Pro, DSIJ, Solex Energy Ltd, Screener