Solex Energy Secures ₹424.7 Million Power Sector Work Order

SURAT, India — Solex Energy Limited (NSE: SOLEX), a domestic manufacturer of high-efficiency solar photovoltaic (PV) modules, received a confirmed commercial work order worth ₹424.7 million (₹42.47 crore) from a domestic private limited company operating in the power and electricity sector. According to statutory disclosures submitted to Indian stock exchange authorities on August 13, 2026, the contract establishes a firm order for the execution and supply of solar energy infrastructure components. The development reinforces Solex Energy’s order book execution pipeline as demand for domestic solar manufacturing continues to expand across India's renewable energy landscape.

Order Scope and Contractual Details

The confirmed work order, classified as a firm and executable Type A contract, was awarded by a domestic private power entity with no related-party involvement or promoter group interest. The project scope encompasses the manufacturing, supply, and delivery of advanced solar PV equipment tailored for industrial utility power generation.

The newly acquired contract adds to Solex Energy's total disclosed order book backlog, providing steady revenue visibility alongside recently secured large-scale utility module supply contracts.

Manufacturing Base and Solar Tech Context

Solex Energy Limited operates automated manufacturing facilities in Gujarat, specializing in N-Type TOPCon and mono-PERC solar PV module technologies. The company manufactures high-wattage glass-to-glass solar modules designed for large-scale utility, commercial, and industrial power applications.

• Technology Transition: The manufacturer has upgraded its production lines to support high-efficiency N-Type TOPCon cell technology, delivering improved energy yield and thermal coefficients.

• Domestic Policy Tailwinds: Domestic solar equipment demand continues to benefit from government initiatives, including the Approved List of Models and Manufacturers (ALMM) regulation and the PM Surya Ghar scheme, which prioritize locally manufactured solar modules.

• Capacity Expansion: Solex Energy continues expanding its module assembly throughput to support both rooftop solar installers and independent power producers (IPPs).

Official Sources and Regulatory Disclosures

The official contract details were formally transmitted to compliance desks at the National Stock Exchange of India (NSE) under SEBI disclosure guidelines.

According to regulatory filings published on the National Stock Exchange of India (NSE), Solex Energy Limited confirmed that the ₹424.7 million transaction was conducted on an arm’s length basis without any commercial interest from company directors or key managerial personnel.

Quote Section

Addressing the regulatory filing, official corporate communications outlined the company's manufacturing capability and order backlog execution.

"According to officials...", Solex Energy Limited continues to expand its manufacturing footprint to meet rising domestic demand for high-efficiency solar PV modules. Officials stated that securing firm work orders from domestic power companies confirms market trust in the company's technological capabilities and product reliability.

Why It Matters to Businesses, Exporters, and Clean Energy Developers

The ₹424.7 million order win carries practical commercial implications for the renewable energy ecosystem:

• For Independent Power Producers: Timely domestic module supply ensures project execution timelines remain on schedule without import dependency risks.

• For Solar Market Investors: The contract provides additional revenue visibility and capacity utilization for Solex Energy's manufacturing plants.

• For the Renewable Energy Sector: Increased order flow for domestic module makers reflects the growing scale of private power sector investment in clean energy infrastructure.

Key Facts at a Glance

• Contract Value: Solex Energy secures a ₹424.7 million (₹42.47 crore) work order from a domestic power company.

• Order Nature: Confirmed, firm executable contract with no related-party involvement.

• Manufacturing Hub: Produced out of Solex Energy's primary solar manufacturing facilities in Gujarat.

• Market Listing: Publicly traded on the National Stock Exchange of India under symbol SOLEX.

Frequently Asked Questions (FAQ)

What is the value of the new work order received by Solex Energy?

Solex Energy received a work order valued at ₹424.7 million (₹42.47 crore) from a domestic power and electricity company.

What type of products does Solex Energy manufacture?

Solex Energy manufactures high-efficiency solar photovoltaic (PV) modules, including N-Type TOPCon and glass-to-glass solar panels for commercial, industrial, and utility projects.

Is this transaction a related-party deal?

No, official regulatory disclosures filed with the stock exchange confirm that the contract is not a related-party transaction and was awarded by an independent domestic entity.

Where can investors track official corporate announcements for Solex Energy?

Official regulatory disclosures and material announcements are published on the portal of the National Stock Exchange of India (NSE) under ticker symbol SOLEX.

Source: Official regulatory announcements submitted to the National Stock Exchange of India (NSE) and corporate investor disclosures published by Solex Energy Limited.