Solex Energy Limited has informed the Exchange regarding a press release dated May 07, 2025, titled "Solex Energy Secures Rs. 451.41 Crore Order from KPI Green Energy for 310 MW Solar Module Supply".
SOLEX · price
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Solex Energy Limited has won a major order worth Rs. 451.41 crore (Rs. 4,514.09 million) from KPI Green Energy Limited to supply 310 MW of advanced N-Type TOPCon 615Wp Glass-to-Glass (G12R) Solar PV Modules. The modules will be used in KPI Green Energy's GUVNL Projects, part of their Independent Power Producer (IPP) portfolio. Deliveries are scheduled to begin from September 2025 onwards. The order is sizable relative to Solex's 1.5 GW annual production capacity at its Tadkeshwar, Gujarat facility, representing meaningful capacity utilization. Solex is listed on NSE Emerge and has been a solar manufacturer since 1995.
This is a significant positive for shareholders — the order strengthens Solex's order book visibility for FY26 and validates its position as a competitive solar module supplier. Large single orders from reputed clients like KPI Green Energy can support revenue growth, better capacity utilization, and potentially improved margins.