Synopsis: Shares of this solar stock surged 8% after the company secured a Rs. 628.37 crore order from a globally renowned renewable energy group to supply high-efficiency N-Type TOPCon solar modules, boosting its order book and enhancing medium-term revenue visibility.
Shares of this company, which manufactures solar photovoltaic cells and modules and is also in Engineering, Procurement, and Construction in the solar energy market, are in the spotlight after it rose by 8 per cent in today’s market session following the securing of an order worth Rs. 628.37 crore.
With a market capitalisation of Rs. 1,114 cr, the shares of Solex Energy Ltd were trading at Rs. 1,030 per share, increasing 8% in today’s market session, making a high of Rs. 1,075, up from its previous close of Rs. 998 per share.
About the order
Solex Energy Ltd has received a major domestic work order worth Rs. 628.37 crore from a renowned independent power producer with a strong global presence in the renewable energy sector. The contract involves the manufacture and supply of N-Type TOPCon Glass-to-Glass (G12R) Solar PV Modules with capacities of 615 Wp and 620 Wp, reinforcing the company’s position in India’s fast-growing solar manufacturing industry.
The order is scheduled to be executed between October 2026 and March 2027 and will be fulfilled as per the agreed contractual terms. The sizeable order is expected to strengthen Solex Energy’s order book and provide healthy revenue visibility over the execution period.
About the company
Solex Energy Ltd is an Indian renewable energy company engaged in the manufacturing of high-efficiency solar photovoltaic (PV) modules and the execution of engineering, procurement, and construction (EPC) projects for solar power plants. The company offers advanced technologies, including N-Type TOPCon and Mono PERC solar modules, catering to utility-scale, commercial, industrial, and residential solar projects.
As of March 31, 2026, Solex Energy reported an order book of Rs. 3,400 crore, providing strong revenue visibility and reflecting healthy demand for its solar modules and EPC business over the coming years.
The company is expanding its solar module manufacturing capacity from the current 4 GW, with plans to add 2.5 GW by FY28 and further increase capacity by 3.5 GW by FY30. This expansion is aimed at meeting the rising demand for domestically manufactured solar modules.
Solex Energy is also strengthening its backward integration strategy by entering solar cell manufacturing, targeting capacities of 2.2 GW in 2027, 3 GW in FY28, and 5 GW by FY30. Additionally, it plans to establish 2 GW of ingot and wafer manufacturing capacity and is exploring opportunities in Battery Energy Storage System (BESS) manufacturing to build a more integrated clean energy business.
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