Solar Company Bags New Order Worth Rs 451,09,20,000 From KPI Green Energy Ltd
The stock is up by 43 per cent from its 52-week low and has given multibagger returns of over 5,300 per cent in 5 years.
Solex Energy Limited, a well-known Indian solar brand, has been awarded a significant work order worth Rs 451,09,20,000 from KPI Green Energy Limited, Surat, for the manufacture and supply of 310 MW of N-Type TOPCon 615Wp Glass-to-Glass (G12R) Solar PV Modules. This domestic order is scheduled to be executed within a 6-month period starting from September 2025, as per the agreed terms and conditions.
About the Company
Headquartered in Surat, Solex Energy has been a pioneer in sustainable energy since 1995. As the first Indian solar brand listed on NSE Emerge (stock code: SOLEX), Solex is renowned for producing high-end photovoltaic modules at competitive prices and offering comprehensive EPC services. Our global factory in Tadkeshwar, Gujarat, has a 1.5 GW production PV module manufacturing capacity. Solex holds key certifications for domestic and international markets and exports to several countries. As a trusted OEM provider, we serve internationally recognised brands. Built upon our core values of consistency, quality, and commitment, we transcend being merely a solar company to become your trusted partner in fulfilling your PV module and EPC requirements.
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According to half-yearly results, the net sales increased by 194 per cent to Rs 273.09 crore and net profit increased by 1,698 per cent to Rs 13.08 crore in H1FY25 compared to H1FY24. In its annual results, the net sales increased by 126 per cent to Rs 365.92 crore and net profit increased by 222 per cent to Rs 8.73 crore in FY24 compared to FY23.
The company have a market cap of over Rs 900 crore. The stock is up by 43 per cent from its 52-week low and has given multibagger returns of over 5,300 per cent in 5 years. Investors should keep an eye on this solar stock.
Disclaimer: The article is for informational purposes only and not investment advice.