Solex Energy Starts Full-Scale Solar Panel Production, Shares Rise 4.20%
Solex Energy Ltd’s stock price rose by 4.20% to ₹733 on Tuesday after the company announced the full-scale commercial production of solar photovoltaic (PV) modules at its 800 MW facility in Surat, Gujarat. The company achieved this major milestone on March 4, 2025, marking an important step in its growth and commitment to renewable energy.
A Big Step in Renewable Energy
With this new manufacturing facility, Solex Energy can now produce more solar panels, helping meet the rising demand for solar energy in India and global markets. This expansion aligns with India’s goal of reaching 500 GW of clean energy capacity by 2030.
As businesses and governments focus more on clean energy to fight climate change, Solex Energy’s increased production is expected to play a key role in reducing reliance on fossil fuels.
About Solex Energy
Solex Energy is a leading company in the renewable energy sector, specializing in the manufacturing and installation of solar energy solutions. Their products include:
- Solar PV modules
- Solar home and street lighting systems
- Solar lanterns and power plants
- Solar inverters
- Solar water heating systems
- Wood-fired water heaters
- Customized rooftop solar solutions
With this production expansion, Solex Energy aims to increase its market presence and support India’s shift toward clean and sustainable energy.
Strong Financial Performance in FY24
Solex Energy has been growing rapidly. In FY24, the company’s net profit jumped 222.1% to ₹8.73 crore, while its revenue from operations grew 126.3% to ₹365.92 crore compared to the previous year. This growth highlights the company’s strong market position and ability to scale its operations.
Positive Stock Market Reaction
Investors reacted positively to the production milestone, leading to a 4.20% rise in Solex Energy’s stock price. Analysts believe that this expansion will boost the company’s revenue and profitability, making it a strong player in the growing solar energy sector.
Read More: JSW-POSCO Collaboration: 5 MTPA Integrated Steel Plant Planned for India
Future Plans and Market Outlook
With the new facility now operational, Solex Energy plans to expand its presence in both domestic and international markets. The company is focusing on technology, cost efficiency, and innovation to drive future growth.
As the world shifts toward sustainable energy, Solex Energy is well-positioned to help accelerate solar adoption, reduce carbon emissions, and support energy independence. Investors will be watching closely for the company’s next earnings report and future expansion plans to assess the full impact of this milestone.
