Solex Energy Secures ₹276 Crore Solar Module Order, Boosts Order Book
Overview
Solex Energy Limited has secured a substantial ₹276 crore order for N-type TOPCon solar PV modules from a domestic independent power producer. The order, set for execution between February and May 2026, bolsters the company's order book and signals continued demand in India's renewable energy sector, though recent quarterly profits showed a decline.
Stocks Mentioned
Solex Energy Limited announced on Monday it secured a ₹276 crore contract to manufacture and supply N-type TOPCon solar PV modules. The order comes from an unnamed domestic independent power producer, providing crucial visibility to the company's future revenue streams.
Major Module Supply Deal
The contract involves the delivery of 615 Wp and 620 Wp glass-to-glass (G12R) solar modules. Execution is slated between February and May 2026.
Revenue Visibility Boosted Amid Profit Dip
This significant order comes despite Solex Energy reporting a sharp 62.75% year-on-year decline in net profit to ₹3.40 crore for the quarter ending September 2025. Net sales for the same period grew 12.79% to ₹148.61 crore. The company confirmed the transaction is not with a related party.
Market Performance
Shares of Solex Energy closed 0.87% lower at ₹1,110 on the National Stock Exchange (NSE) on Monday.
