A growing name in India’s clean energy sector has captured investor attention yet again, this time with a significant order valued at Rs. 68.5 Crores that highlights its ongoing expansion path,check it out.
With a market capitalization of Rs.1,416 crore, the shares of Solex Energy Ltd touched an intraday high of Rs.1,334 rising by up to 3 percent from its previous close of Rs.1,311.50.
Solex Energy Limited, operating primarily in the solar power development space, has been awarded the development of solar power projects aggregating to a total capacity of 24.1 MW for a total consideration of Rs.68.685 crores. The projects will be implemented under the Government of India’s Distributed Renewable Energy Bilateral Purchase (DREBP) Policy—a scheme aimed at promoting sustainable and clean energy infrastructure across the country.
Furthermore, investors may be valuing the firm not on its past earnings but on forward-looking growth metrics like ongoing government support, sectoral demand, and execution capability which can lead to accelerated earnings in coming quarters.
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Under the Government of India’s Distributed Renewable Energy Bilateral Purchase (DREBP) Policy, the project has been awarded by a group comprising of multiple individual stakeholders and one enterprise. The order reflects a collaborative effort from private participants aligned with the policy’s objective to promote decentralized and sustainable energy solutions.
As of March 31, 2025, the company reported a closing order book of Rs. 1,756 million. On May 5, 2025, Solex Energy secured a major order worth Rs. 4,515.1 million for the supply of 310 MW of N-Type TOPCon 615 Wp Glass-to-Glass (G12R) modules. These are highly efficient, next-generation solar modules using N-Type TOPCon technology
Solex Energy also became India’s first PV module manufacturer to receive the MCS 005 BSI Kitemark certification, opening access to key international markets including the UK, Europe, and UAE.
Looking ahead, the company is exploring the development of a new 2 GW solar cell manufacturing facility by 2026. It also aims to expand its module manufacturing capacity to 15 GW and scale its cell manufacturing facility up to 5 GW by the year 2030, aligning with long-term industry demand and global clean energy goals.
Written by – Manan Gangwar
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