Solex Energy receives Rs 544.62 crore solar module order

Order Above 5pct RevenueBusiness Updates View source PDF Explain this filing

SOLEX · price

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Price reactionminutes from the announcement price · days from the prior close

-3.7%Reaction day

₹1548.15

prior close

₹1470.75

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-0.5%-3.2% vs market

Other Electrical Equipment peers, median of 42sector-0.8%-3.0% vs sector

On the reaction day the stock moved 3.2 pts less than Nifty Microcap 250 and 3.0 pts less than its Other Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

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Next day

-7.0-1.7-5.3-2.6-4.4

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UpDownMarket · Nifty Microcap 250Sector · Other Electrical Equipment peers, median of 42Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Solex Energy received a Rs 544.62 crore contract from Indian entities of Spain-headquartered Zelestra Group to supply N-Type TOPCon 615/620Wp glass-to-glass solar modules. It includes all duties and taxes, with deadlines in February and November 2026. The buyers are not linked to the company's promoters.

Likely market impact

Large order boosts revenue visibility and backlog, potentially supporting the stock. Gains depend on execution, delivery timing and margins.