Solex Energy Limited
Solex Energy Ltd is engaged in manufacturing of solar panels and other renewable energy devices and installation of system on EPC basis.
What Solex files
- Others55
- Updates36
- Investor Meet24
- New Orders14
- Board Meeting12
- Important7
Solex Energy bagged new solar PV module orders worth ₹74.77 Cr, plus an LOI for ₹174.30 Cr. This expands their executable order pipeline to ₹846 Cr, set for completion by year-end, strengthening market position.
Solex Energy reported Q1 revenue of ₹265.63 Cr (+1.8% YoY) but PAT of ₹8.26 Cr (-66.6% YoY) due to seasonal softness and higher costs. Secured ₹845.84 Cr in new orders for H2 FY27 execution. An MoU for ₹4,000 Cr integrated manufacturing ecosystem is planned, with cell line commissioning by 2027.
Solex Energy Limited successfully listed on BSE, broadening its investor base. The company shared ambitious Vision 2030 goals: 10 GW each for solar module/cell manufacturing, 10 GW BESS, and 2 GW Wafer/Ingots, signaling significant future expansion.
Solex Energy hosted Ghana's High Commissioner to advance renewable energy collaboration. Solex proposed establishing a solar manufacturing ecosystem in Ghana, including local production and technology transfer. This expands its global footprint, leveraging 4 GW capacity and Vision 2030 for 10 GW module/cell manufacturing.
Solex Energy became a guarantor member of Solex Foundation for CSR, with liability not exceeding Rs. 400. This related party transaction involves company directors also being foundation members. The move does not impact core commercial business.