Solar company receives order worth Rs 544,62,00,000 from Group Entities of eminent “Zelestra Group”
DSIJ Intelligence-1 / 14 Oct 2025/ Categories: Multibaggers, Trending
The stock has given multibagger returns of over 140 per cent from its 52-week low and a whopping 7,000 per cent in 5 years.
Solex Energy Limited has recevied a significant domestic work order worth Rs 544.62 crore for the manufacture and supply of Solar PV Modules from various group entities of the eminent "Zelestra Group," including Ganeko Six Energy Private Limited, Navia One Power Private Limited, Navia Two Power Private Limited, Navia Three Power Private Limited, and Ganeko Two Energy Private Limited. The contract specifically involves providing N-Type TOPCon 615/620Wp Glass-to-Glass (G12R) Solar PV Modules, which is a high-efficiency product, with execution of the order scheduled to be completed between February 2026 and November 2026.
Earlier, the company secured a significant domestic work order from 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 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.
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 1,500 crore. The stock has given multibagger returns of over 140 per cent from its 52-week low and a whopping 7,000 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.