Solar
Solex Energy Limited (solex) Outlines Next Phase of Growth at 12th AGM, Targets ₹4,500 Crore Revenue Potential by FY28
Solex Energy Limited (SOLEX) outlines next phase of growth at 12th AGM, targeting ₹4,500 crore revenue potential by FY28.
Solex Energy Limited (NSE: SOLEX) and BSE: 544862, specialised in the manufacturing of Solar Photovoltaic (PV) modules & providing EPC services, held its 12th Annual General Meeting, marking an important milestone in its growth journey and outlining the Company’s roadmap for the next phase of expansion. Solex reported a strong year in FY26 with revenue of ₹16,211 million, registering a 143.9% year on year growth. The Company is now advancing from its established solar module business towards a more integrated renewable energy platform spanning solar cells, modules and Battery Energy Storage Systems (BESS).
Expansion and Investment
To support this next phase, Solex has outlined an investment programme of approximately ₹4,000 crore between FY27 and FY30, representing the largest expansion programme in the Company’s history. The roadmap includes establishing 2.2 GW of solar cell capacity by FY28, scaling this to 5.2 GW by early FY29, and establishing the first 5 GWh phase of BESS capacity by FY29, followed by further expansion.
Revenue Targets
The Company is targeting revenue potential of more than ₹4,500 crore by FY28, while maintaining a disciplined approach towards capital deployment, execution and technology investments. The expansion is intended to create a more integrated and resilient business model, with greater control across the value chain and the ability to serve evolving customer requirements.
As international customers increasingly seek diversified and dependable renewable energy supply chains, Solex sees an opportunity to leverage India’s manufacturing capabilities and growing role in the global energy transition. The 12th AGM thus marked not only a review of the Company’s performance during FY26, but also the beginning of its next chapter of growth.
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 37.7% 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. RSI stands at 30, well into oversold territory. Yet sellers still dominated on 24 of recent sessions versus 6 for buyers, so the pressure has not fully lifted. Revenue grows at 115.5% and profits at 228.4% CAGR, with D/E of 0.00. Meanwhile, the stock dips 37.7% 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.
PREMIERENE
Premier Energies Limited (premierene) Commissions India’s Largest Solar Cell Facility
Premier Energies Limited (PREMIERENE) has commissioned India’s largest solar cell facility, boosting its capacity to 10.
Premier Energies Limited (NSE: PREMIERENE) has commissioned India’s largest solar cell facility, becoming the largest cell manufacturer with a total capacity of 10.6 GW. The 7 GW N-type TOPCon G12R facility, located in Naidupeta, Andhra Pradesh, was developed at a capital expenditure of ₹3,293 crore and spans 101 acres. This milestone significantly expands Premier Energies’ manufacturing scale and strengthens its ability to meet the growing demand for high-efficiency solar products.
Advanced Manufacturing Technology
The facility is designed for high-throughput, digitally enabled manufacturing, capable of producing approximately 88,000 solar cells per hour. Advanced digital systems and artificial intelligence support predictive performance analysis, tighter process control, and precision manufacturing. The facility also features fully automated transport, packing, and packaging systems to improve throughput, consistency, and operating efficiency.
Strategic Growth and Sustainability
Commenting on the development, Mr. Chiranjeev Saluja, Managing Director of Premier Energies Limited, stated: “Commissioning India’s largest solar cell manufacturing facility on time and within budget is an important execution milestone for Premier Energies. We remain positive on the outlook for orders, pricing, and demand for high-efficiency solar products.” The facility is designed to be future-ready with potential upgrades to next-generation TOPCon+ technologies, including poly-finger metallisation and advanced edge-isolation processes. A Zero Liquid Discharge (ZLD) system has been implemented to maximize water recycling and reuse, reinforcing Premier Energies’ focus on responsible resource management and sustainable manufacturing.
As Premier Energies continues to expand its integrated manufacturing roadmap, this facility marks a major step forward in its strategy to build a fully integrated and globally competitive solar manufacturing platform, supporting India’s clean energy transition.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Premier Energies Limited
Premier Energies Limited belongs to the Technology › Solar sector. Here’s a quick read on where the business and the stock stand today.
Premier falls 16.4% over three months and has not found a floor yet. Revenue consistency is the one bright spot — zero dips in five years shows operational resilience. No meaningful dividend — total return is entirely dependent on capital appreciation. RSI stands at 31, well into oversold territory. Yet sellers still dominated on 18 of recent sessions versus 12 for buyers, so the pressure has not fully lifted. Revenue grows at 76.2% and the stock moves sideways over three months. Neither side makes a strong case. The next earnings print will likely break this stock out of its current range. Check Fundamentals of Premier Energies Limited.
Solar
Vikram Solar Limited (vikramsolr) Secures 124 MW Module Supply Order for Solar Project in Andhra Pradesh
Vikram Solar Limited (VIKRAMSOLR) secures a 124 MW module supply order for a solar project in Andhra Pradesh, reinforcing its growth in utility-scale solar.
Vikram Solar Limited (NSE: VIKRAMSOLR) has secured a 124 MW module supply order for a solar project in Andhra Pradesh, marking a significant milestone in its expansion within India’s utility-scale solar market. This order will see Vikram Solar supplying its high-efficiency G12R TOPCon modules, with rated capacities ranging from 620 Wp to 630 Wp, to Capital Energy Private Limited. Deliveries are scheduled to commence in October 2026.
Reinforcing Market Presence
This order underscores Vikram Solar’s strengthening position in the utility-scale solar sector. The company has recently scaled up its manufacturing capacity to 15.5 GW, reinforcing its ability to meet the growing demand for solar modules in India. With its expanding manufacturing footprint and advanced technology portfolio, Vikram Solar is well-positioned to support India’s transition towards greater domestic manufacturing and energy self-reliance.
Commitment to Advanced Technology
Mr. Sameer Nagpal, Chief Executive Officer of Vikram Solar, emphasized the company’s commitment to staying ahead of the curve with its G12R TOPCon platform. He stated, ‘Every module supply order we sign is a vote of confidence in our capacity, technology, and consistency. This partnership reaffirms the industry’s confidence in Vikram Solar as India builds out its utility-scale solar infrastructure.’ Vikram Solar remains focused on deepening these partnerships as India’s clean energy story continues to unfold.
As Vikram Solar continues to expand its presence in the solar market, this order is a testament to its growing capabilities and the trust placed in its advanced solutions by solar developers across the country.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Vikram Solar Limited
Vikram Solar Limited belongs to the Technology › Solar sector. Here’s a quick read on where the business and the stock stand today.
Vikram drops 21.1% over three months and trades near its 52-week lows. The PEG of 0.07 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 3.1% in the last month, recovering from the three-month slide. However, it is too early to call this a confirmed reversal. Revenue grows at 32.3% and profits at 219.0% CAGR, with D/E of 0.22. Meanwhile, the stock dips 21.1% 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 Vikram Solar Limited.
PREMIERENE
Premier Energies Limited Forms JV with RCT India for 12 Gwh BESS Manufacturing
Premier Energies Limited and RCT India to form JV for 12 GWh BESS manufacturing in Telangana, expanding Premier Energies’ clean-energy portfolio.
Premier Energies Limited (PREMIERENE) has announced a strategic joint venture (JV) with RCT India, part of RCT Group Germany, to establish a 12 GWh battery energy storage system (BESS) manufacturing facility in Telangana. This partnership marks a significant expansion of Premier Energies’ clean-energy portfolio beyond solar manufacturing. The proposed facility will be developed through Premier Energies’ subsidiary, Premier Battery Technologies Pvt. Ltd., with the first phase planned at 6 GWh.
Strategic Expansion into BESS Manufacturing
The facility is expected to cater to the rapidly growing demand for energy storage across commercial, industrial, and utility-scale applications in India and international markets. The JV aims to create a robust domestic BESS manufacturing ecosystem while serving international markets from India. By combining Premier Energies’ manufacturing capabilities with RCT’s global energy-sector experience, the partners intend to develop globally competitive BESS solutions for customers across key international markets.
Driving India’s Renewable Energy Expansion
India’s rapid expansion of renewable energy is driving the need for large-scale energy storage to manage intermittency, enhance grid flexibility, and support reliable power delivery. The partnership aims to contribute to the development of a robust domestic BESS manufacturing ecosystem while creating an export-oriented platform for India’s growing energy-storage industry. This move represents a strategic step in Premier Energies’ evolution from a leading solar cell and module manufacturer into a broader clean-energy company with capabilities spanning multiple segments of the renewable energy value chain.
Commenting on the partnership, Mr. Chiranjeev Saluja, Managing Director, Premier Energies Limited, said: “Energy storage is the need of the hour for the Indian power system. As India expands its renewable energy generation capacity, energy storage will play a critical role in enabling a reliable, resilient, and sustainable power ecosystem. Our long-term partnership with RCT gives us access to this rapidly growing market. Our aim is to build globally competitive BESS products through this manufacturing platform in India, serving both domestic and international markets.”
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Premier Energies Limited
Premier Energies Limited belongs to the Technology › Solar sector. Here’s a quick read on where the business and the stock stand today.
Premier holds in the upper half of its 52-week range, a sign the market backs the stock. Revenue consistency is the one bright spot — zero dips in five years shows operational resilience. No meaningful dividend — total return is entirely dependent on capital appreciation. The stock holds at 65% of its 52-week range with RSI at 36. In other words, neither side has a clear edge right now. Revenue grows at 76.2% and the stock moves sideways over three months. Neither side makes a strong case. The next earnings print will likely break this stock out of its current range. Check Fundamentals of Premier Energies Limited.
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