Solex Energy Limited (NSE: SOLEX) and its wholly owned subsidiary, Solex Green Energy Private Limited, have secured two work orders aggregating to ₹194.14 crore, inclusive of applicable taxes, for the supply of advanced TOPCon solar PV modules to domestic entities operating in the power and electricity sector. Solex Green Energy Private Limited has secured a work order valued at ₹180.98 crore for the supply of TOPCon Bifacial Glass to Glass (G2G) Solar PV Modules. Separately, Solex Energy Limited has secured a work order valued at ₹13.16 crore for the supply of TOPCon Bifacial Glass to Glass Solar PV Modules. Together, the two orders reinforce the growing business momentum across the Solex Group and strengthen its position as a reliable supplier of high performance solar PV modules for India’s expanding renewable energy ecosystem.

Significant Growth in Order Pipeline

The orders also add to the Group’s order pipeline as Solex continues to scale its manufacturing capabilities and expand its presence across the solar value chain. The company’s state-of-the-art facilities in Surat, Gujarat, focus on advanced manufacturing processes, quality systems, and product reliability. These certifications and listings reinforce the Company’s focus on maintaining stringent quality, safety, and performance standards across its product portfolio.

Expanding Manufacturing and Market Reach

With close to three decades of presence in the solar sector, Solex has developed partnerships across utility, commercial, industrial, and public sector installations in India and international markets. Under its Vision 2030 roadmap, Solex is focused on expanding manufacturing scale, strengthening quality and technology capabilities, enhancing export readiness, and developing a skilled sector workforce. As the Company and its subsidiary continue to expand their presence across the renewable energy value chain, they remain focused on delivering reliable, high efficiency solar solutions and supporting India’s transition towards a cleaner energy future.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Solex Energy Limited

Solex Energy Limited belongs to the Technology › Solar sector. Here’s a quick read on where the business and the stock stand today.

Solex drops 32.2% over three months and trades near its 52-week lows. The PEG of 0.04 is extremely low. Either the market misses the growth story, or there is a catch worth investigating. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. The stock sits at 2% of its 52-week range, close to annual lows. Historically, value investors build positions at these levels — though cheap stocks can stay cheap. Revenue grows at 115.5% and profits at 228.4% CAGR, with D/E of 0.00. Meanwhile, the stock dips 32.2% in three months without any fundamental deterioration. Consequently, the stock quietly becomes cheaper relative to earnings power. For long-term investors, that is a feature. Check Fundamentals of Solex Energy Limited.

Solex Energy Limited (NSE: SOLEX) has announced securing a work order worth ₹75.96 crores from domestic entities in the power/electricity sector. This order includes the supply of N-Type TOPCon G12R Glass-to-Glass Solar PV Modules rated at 620 Wp. The contract value is ₹75.96 crore, inclusive of all applicable duties and taxes.

Strengthening Market Position

This order further strengthens Solex Energy’s position as a trusted manufacturing partner for large-scale renewable energy projects. It reflects the growing confidence of energy developers in the company’s advanced manufacturing capabilities and high-performance photovoltaic technologies.

High Efficiency and Durability

The 620 Wp N-Type TOPCon G12R Glass-to-Glass modules are designed to deliver high power output, enhanced durability, and reliable long-term performance, making them well suited for utility-scale and other demanding solar applications. The modules are manufactured at Solex’s state-of-the-art facilities on the outskirts of Surat, Gujarat.

Solex continues to strengthen its manufacturing capabilities, quality systems, and product portfolio to serve customers across domestic and international markets. With nearly three decades of expertise, Solex remains committed to advancing high-quality solar manufacturing and contributing to India’s clean energy transition.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Solex Energy Limited

Solex Energy Limited belongs to the Technology › Solar sector. Here’s a quick read on where the business and the stock stand today.

Solex drops 36.7% over three months and trades near its 52-week lows. The PEG of 0.04 is extremely low. Either the market misses the growth story, or there is a catch worth investigating. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. The stock sits at 2% of its 52-week range, close to annual lows. Historically, value investors build positions at these levels — though cheap stocks can stay cheap. Revenue grows at 115.5% and profits at 228.4% CAGR, with D/E of 0.00. Meanwhile, the stock dips 36.7% in three months without any fundamental deterioration. Consequently, the stock quietly becomes cheaper relative to earnings power. For long-term investors, that is a feature. Check Fundamentals of Solex Energy Limited.

Swelect Energy Systems Limited (SWELECTES) has appointed Pradeep Kumar Madhur as Chief Business Officer (CBO), effective October 1, 2026. He will lead sales and business development across the company’s Engineering, Procurement and Construction (EPC), Independent Power Producer (IPP), channel, and solar module businesses. The appointment is aimed at strengthening SWELECT’s commercial strategy by bringing its key business verticals under a unified leadership structure.

Experienced Leader in Solar Industry

Madhur brings over 17 years of experience in the solar and power infrastructure sectors across India and the Asia-Pacific region. His expertise spans solar module and inverter sales, business development, and market expansion. He joins SWELECT from Lerri Solar Technology India (LONGi Solar), where he served as Senior Director and Country Business Leader.

Driving Growth and Market Expansion

Under his leadership, LONGi’s India business rose from 17th position in the market to No. 1 within a year, a position it held from 2020 to 2022. Earlier, Madhur was part of the founding team at Sungrow India, where he played a key role in establishing the company’s presence in the solar inverter market, with over 4 GW deployed during its first three years. He also held positions at Raychem RPG and Crompton Greaves, working across power systems and managing key accounts for large thermal power and high-voltage grid projects.

As the new CBO, Madhur’s experience in market development and customer engagement will support SWELECT’s efforts to scale its integrated solar offerings. The company’s combination of in-house manufacturing, EPC capabilities, an IPP portfolio, and four decades of expertise in power electronics provides a strong foundation for growth.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Swelect Energy Systems Limited

Swelect Energy Systems Limited belongs to the Technology › Solar sector. Here’s a quick read on where the business and the stock stand today.

Swelect falls 9.1% over three months and has not found a floor yet. The PEG of 0.19 is extremely low. Either the market misses the growth story, or there is a catch worth investigating. Thin margins at 6.8% leave limited room for error — any demand softness or cost spike hits the bottom line hard. The stock gains 0.7% in the last month, recovering from the three-month slide. However, it is too early to call this a confirmed reversal. Revenue grows at 40.0% and profits at 115.1% CAGR, with D/E of 0.00. Meanwhile, the stock dips 9.1% in three months without any fundamental deterioration. Consequently, the stock quietly becomes cheaper relative to earnings power. For long-term investors, that is a feature. Check Fundamentals of Swelect Energy Systems Limited.