Solar company receives order worth Rs 183,88,00,000 from Mounting Renewable Power Ltd (Affiliate of eminent Welspun Group)
DSIJ Intelligence-1 / 13 Aug 2025/ Categories: Multibaggers, Trending
The stock has given multibagger returns of over 100 per cent from its 52-week low and a whopping 6,739 per cent in 5 years.
On Wednesday, shares of Solex Energy Limited hit a 2 per cent upper circuit to Rs 1,312.90 per share from its previous closing of Rs 1,287.20 per share. The stock’s 52-week high is Rs 1,786.70 per share and its 52-week low is Rs 630.90 per share.
Solex Energy Limited has secured a significant domestic work order from M/s Mounting Renewable Power Limited, an affiliate of the prominent Welspun Group, for the manufacture and supply of N-Type TOPCon 610 Wp & 615Wp Glass-to-Glass (G12R) Solar PV Modules. This contract is valued at Rs 183,88,00,000 (Rupees One Hundred Eighty-Three Crore and Eighty-Eight Lakh Only), inclusive of all duties and taxes. The order is set to be completed by December 2025.
About the Company
Headquartered in Surat, Solex Energy Ltd has been a pioneer in sustainable energy since 1995. As the first Indian solar brand listed on NSE Emerge (stock code: SOLEX), Solex is renowned for producing high-end photovoltaic modules at competitive prices and offering comprehensive EPC services. Our global factory in Tadkeshwar, Gujarat, has a 1.5 GW production PV module manufacturing capacity. Solex holds key certifications for domestic and international markets and exports to several countries. As a trusted OEM provider, we serve internationally recognised brands. Built upon our core values of consistency, quality, and commitment, we transcend being merely a solar company to become your trusted partner in fulfilling your PV module and EPC requirements.
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According to half-yearly results, the net sales increased by 42 per cent to Rs 389 crore and net profit increased by 275 per cent to Rs 30 crore in H2FY25 compared to H2FY24. In its annual results, the net sales increased by 81 per cent to Rs 662 crore and net profit increased by 378 per cent to Rs 43 crore in FY25 compared to FY24.
The company have a market cap of over Rs 1,400 crore. The stock has given multibagger returns of over 100 per cent from its 52-week low and a whopping 6,739 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.