Solex Green Energy Private Limited, a subsidiary of Solex Energy Limited, has bagged orders worth ₹68.68 crore under the Government of India’s Distributed Renewable Energy Bilateral Purchase (DREBP) Policy. The company has been contracted to develop 24.1 MW of solar power projects. These projects will be implemented in phases during the fiscal year 2025–26.
What makes this even more noteworthy is that some of these contracts have been awarded by individuals and a company called K M Enterprise, where four promoters of Solex Energy — Sapna Vipul Shah, Paulomi Chetan Shah, Narayan Arun Patodia, and Kavita Piyush Chandak — have disclosed interests in the entities involved.
Company Overview: Solex Energy Limited
Headquartered in Surat, Gujarat, Solex Energy Ltd has been a pioneer in the renewable energy sector since its inception in 1995. It is also the first Indian solar company listed on NSE Emerge (Stock Code: SOLEX).
Solex is well-known for manufacturing high-quality photovoltaic (PV) modules at affordable prices, along with offering complete EPC (Engineering, Procurement, and Construction) services.
Their state-of-the-art manufacturing plant in Tadkeshwar, Gujarat, boasts an annual capacity of 1.5 GW. The company holds multiple certifications for both domestic and global markets and exports its products to several countries. As a trusted OEM partner, it serves many internationally recognized brands.
Key Highlights of Solex Energy Ltd:
- Trusted for consistent quality and customer satisfaction
- Supplies to major clients in India and overseas
- Backed by advanced technology and a highly skilled workforce
📊 Solex Energy Ltd: Financial & Stock Performance Overview
📈 Financial Performance
| Period | Net Sales | Net Profit | Growth % |
|---|---|---|---|
| H2 FY24 | ₹274 Cr | ₹8 Cr | – |
| H2 FY25 | ₹389 Cr | ₹30 Cr | Sales ↑ 42%, Profit ↑ 275% |
| FY24 | ₹366 Cr | ₹9 Cr | – |
| FY25 | ₹662 Cr | ₹43 Cr | Sales ↑ 81%, Profit ↑ 378% |
📉 Stock Market Highlights
| Metric | Value |
|---|---|
| Market Capitalization | ₹1,400+ Crore |
| 52-Week Return | +111% |
| 5-Year Return | +6,000% |
📌 Conclusion
Solex Energy Ltd is a fast-rising and reliable player in India’s solar energy sector. With new government-backed project wins under the DREBP Policy and impressive financial growth, the company is well-positioned for a strong future. Investors and industry watchers will want to keep an eye on this multibagger performer.
