This inventory with core experience in photo voltaic modules and photo voltaic options, together with solar energy crops, rooftop techniques, water pumps, and ground-mounted challenge introduced an enormous enlargement plan. On this article, we’ll take a look at the announcement.
Worth Motion
With a market capitalization of Rs 787 crore, the shares of Solex Vitality Ltd made an all-time excessive of Rs 1,787 per share, down by 59 p.c from its present market value of Rs 728.10 per share.
In regards to the announcement
Solex Vitality, on April 8, introduced that it’s going to launch a brand new 2.2 GW photo voltaic module manufacturing line value Rs 200 crore.With this new line turning into operational, the corporate’s whole manufacturing capability will attain roughly 4 GW which aligns with reaching agency’s 2030 imaginative and prescient. The brand new line is predicted to be accomplished by September 2025, and is predicted to begin industrial operations by the start of Q3 of FY 25-26.
Chairman and managing director of Solex Vitality added, “At Solex, our dedication to development goes past numbers. This enlargement is about growing capability and creating alternatives—hiring expert expertise, fostering innovation, and strengthening our partnerships. We lengthen our honest gratitude to our prospects and companions for his or her continued belief in our model and imaginative and prescient”.
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Financials
The corporate reported a income of Rs 273 crore in September 2024, up by 193 p.c, from its September 2023 income of Rs 93 crore. It posted a web revenue of Rs 13 crore in September 2024 as in comparison with its September 2023 web revenue of Rs 1 crores.
In regards to the Firm
Solex Vitality Restricted is an India-based firm engaged in manufacturing photo voltaic photovoltaic modules. It presents turnkey photo voltaic options together with solar energy crops, rooftop techniques, water pumps, and ground-mounted initiatives. Its merchandise embrace LED road lights, photo voltaic water heaters, and each polycrystalline and monocrystalline photo voltaic panels.
The corporate’s photo voltaic road lights are used for highways, village roads, and industrial areas. Its photo voltaic pumps serve makes use of like ingesting water, irrigation, and pond administration. Solex additionally offers full engineering, procurement, and building (EPC) companies.
Written by Satyajeet Mukherjee
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