Solex Energy Ltd. News and Updates

Keep track of all breaking news on Solex Energy Ltd. from all sources in a single place.

Solex Energy Ltd.

10 Dec 2024

695.85

4.99%

Solex Energy share surges 4% on securing 29-crore solar module order

Business Line

Solex Energy Ltd. has lost -49.55% in the last 3 Months

Solex Energy Ltd.

12 Nov 2024

695.85

4.99%

Solex Energy net profit rises to Rs 13 cr in Apr-Sep on higher income

Business Standard

Solex Energy on Tuesday reported a multi-fold jump in consolidated net profit to Rs 13 crore in the April-September period of FY25, on account of higher income. It posted a net profit of Rs 0.73 crore during the six-month period ended September 2023, the company said in a regulatory filing. The company's total income jumped to Rs 274.16 crore against Rs 93.75 crore in the year-ago period. "As we look ahead, Solex remains focused on scaling up our operations and innovation to meet the growing demand for clean energy solutions across India," Chetan Shah, Chairman and Managing Director of Solex Energy, said. The company is bullish on the growing renewable energy market in India and has already announced investment plans worth USD 1 billion under its Vision 2030 strategy, he said. Solex Energy has plans to increase its module manufacturing capacity from 1.5 GW to 15 GW, which will cost around Rs 8,000 crore.

Solex Energy Ltd. has lost -55.42% in the last 6 Months

Solex Energy Ltd.

26 Oct 2024

695.85

4.99%

Solex Energy partners with SBI to provide finance for solar projects

Business Standard

Solex Energy on Saturday said it has partnered with State Bank of India (SBI) to offer solar financing options for commercial, industrial, and institutional customers. As part of the partnership, SBI will offer solar financing through loans up to Rs 10 crore for solar projects under its Surya Shakti Solar Finance Scheme across India, Solex Energy said in a statement. "The collaboration aims to make solar energy accessible, affordable, and a driving force for India's renewable energy future. The partnership will accelerate the growth of solar energy and empower our clients and channel partners to adopt solar solutions and drive business expansion swiftly," Solex Energy Chairman & Managing Director (CMD) Chetan Shah said. While Solex Energy will offer end-to-end support to customers -- from site evaluation and design to obtaining regulatory approvals -- SBI will provide a digital platform that ensures a hassle-free loan application process for financing solar projects. Various...

Solex Energy Ltd. is trading below all available SMAs

Solex Energy Ltd.

30 Sep 2024

695.85

4.99%

Solex Energy plans to scale up manufacturing capacity to 15 GW by 2030

Business Standard

Solex Energy has plans to scale up its module manufacturing capacity to 15 gigawatts which would entail an investment of Rs 8,000 crore, CMD Chetan Shah said on Monday. The investment will be made under 'Solex Energy Vision 2030' plan, the top company official told PTI. "We will increase module manufacturing capacity from 1.5 GW to 15 GW. The execution of the plan will require an investment of around Rs 8,000 crore," Shah said. Equity market will be the major source of investments and the remaining will come from financial institutions, he said. The plan also includes setting up a greenfield cell manufacturing facility with an initial capacity of 2 GW with an option to increase it up to 5 GW. Cell is a key component of solar module. The Indian solar market is a progressing market where the government is taking efforts to ensure availability of efficient modules for usage. The Approved List of Models and Manufacturers (ALMM) is an example of it, the CMD said adding "we have introd

Solex Energy Ltd. has lost -55.42% in the last 6 Months

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Is Solex Energy Ltd. worth buying?

37 Votes:

Buy 72.97%

Sell 21.62%

Hold 5.41%

61.05% Fall from 52W High

Solex Energy Ltd. News and Updates

Keep track of all breaking news on Solex Energy Ltd. from all sources in a single place.