A rising identify in India’s clear power sector has captured investor consideration but once more, this time with a big order valued at Rs. 68.5 Crores that highlights its ongoing enlargement path,test it out.
With a market capitalization of Rs.1,416 crore, the shares of Solex Power Ltd touched an intraday excessive of Rs.1,334 rising by as much as 3 p.c from its earlier shut of Rs.1,311.50.
Solex Power Restricted, working primarily within the solar energy improvement house, has been awarded the event of solar energy initiatives aggregating to a complete capability of 24.1 MW for a complete consideration of Rs.68.685 crores. The initiatives can be carried out beneath the Authorities of India’s Distributed Renewable Power Bilateral Buy (DREBP) Coverage—a scheme geared toward selling sustainable and clear power infrastructure throughout the nation.
Moreover, traders could also be valuing the agency not on its previous earnings however on forward-looking development metrics like ongoing authorities help, sectoral demand, and execution functionality which may result in accelerated earnings in coming quarters.
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Below the Authorities of India’s Distributed Renewable Power Bilateral Buy (DREBP) Coverage, the mission has been awarded by a bunch comprising of a number of particular person stakeholders and one enterprise. The order displays a collaborative effort from personal members aligned with the coverage’s goal to advertise decentralized and sustainable power options.
As of March 31, 2025, the corporate reported a closing order ebook of Rs. 1,756 million. On Could 5, 2025, Solex Power secured a significant order price Rs. 4,515.1 million for the availability of 310 MW of N-Sort TOPCon 615 Wp Glass-to-Glass (G12R) modules. These are extremely environment friendly, next-generation photo voltaic modules utilizing N-Sort TOPCon expertise
Solex Power additionally grew to become India’s first PV module producer to obtain the MCS 005 BSI Kitemark certification, opening entry to key worldwide markets together with the UK, Europe, and UAE.
Wanting forward, the corporate is exploring the event of a brand new 2 GW photo voltaic cell manufacturing facility by 2026. It additionally goals to increase its module manufacturing capability to fifteen GW and scale its cell manufacturing facility as much as 5 GW by the yr 2030, aligning with long-term business demand and world clear power objectives.
Written by – Manan Gangwar
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