Solex Energy has secured a work order worth ₹628.37 crore from a global renewable energy group for the supply of N-Type TOPCon G12R Glass-to-Glass Solar PV Modules. The order, announced on July 9, 2026, includes modules rated at 615 Wp and 620 Wp, with the total contract value inclusive of all applicable duties and taxes. This development reinforces the company's position as a manufacturing partner for large-scale renewable energy projects and highlights the growing confidence of global developers in its photovoltaic technologies.

Order Details

The key specifications of the order are outlined below:

Manufacturing and Standards

Solex Energy manufactures its solar modules at state-of-the-art facilities in Surat, Gujarat. The company's products are certified to global quality standards, including IEC, CE, UL, CEC, BIS, EPD, and KIWA PVEL 2026. Additionally, the modules are listed under the Ministry of New and Renewable Energy's (MNRE) Approved List of Models and Manufacturers (ALMM).

The company operates a 4 GW production capacity for photovoltaic modules at its Industry 4.0 enabled facility in Tadkeshwar, Gujarat. With nearly three decades of presence in the solar sector, Solex Energy continues to expand its partnerships across utility, commercial, industrial, and public sector installations.

Solex Energy Ltd has incorporated a wholly-owned subsidiary, Solex BESS Private Limited, on June 22, 2026, to expand its presence in the renewable energy sector. The new entity will focus on manufacturing, assembling, and dealing in battery energy storage systems (BESS), strengthening the company's integrated clean energy solutions portfolio. The subsidiary was incorporated in Surat and is yet to commence business operations.

Solex Energy holds 100% shareholding in the new subsidiary, acquiring shares at a face value of ₹10 each. The authorised capital of Solex BESS Private Limited stands at ₹10,00,000, divided into 1,00,000 equity shares of ₹10 each. The incorporation was disclosed to the National Stock Exchange of India Limited under Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirement) Regulation, 2015.

Subsidiary Details

Business Objectives

The primary objective of the new subsidiary is to undertake the business of manufacturing, assembling, designing, developing, installing, commissioning, operating, maintaining, and dealing in Battery Energy Storage Systems (BESS). The proposed business is ancillary to Solex Energy's existing activities and is expected to enhance its offerings in the clean energy sector. No specific governmental or regulatory approvals were required for this incorporation.