Solex Energy , a prominent player in the solar energy sector, has reported impressive financial results for the first half of fiscal year 2026 (H1 FY26). The company's operational revenue surged to ₹415.00 crore, marking a substantial 52% increase compared to the same period in the previous year.

Financial Performance

This robust growth in revenue underscores Solex Energy's strong market position and the increasing demand for solar energy solutions in India.

NSE Main Board Listing

In a significant corporate development, Solex Energy has successfully transitioned to the National Stock Exchange (NSE) Main Board. This move is expected to enhance the company's visibility and potentially improve its liquidity in the stock market.

Future Expansion Plans

Demonstrating its commitment to long-term growth and sustainability, Solex Energy has set an ambitious target for the future. The company aims to achieve a solar module production capacity of 10 GW by 2030. This goal aligns with India's push towards renewable energy and could position Solex Energy as a key player in the country's solar energy landscape.

The combination of strong financial performance, upgraded stock exchange listing, and ambitious expansion plans paints a picture of a company on an upward trajectory in the rapidly growing solar energy sector.

Solex Energy Limited celebrated a significant milestone in its corporate journey with a bell-ringing ceremony in Surat, marking its transition to the National Stock Exchange (NSE) Main Board. This move represents a notable achievement for the company and signals its growing prominence in the Indian energy sector.

Production Milestone and Expansion Plans

The company has reached a crucial production milestone at its Tadkeshwar facility:

Solex Energy's achievement of 800 MW commercial production capacity at its Tadkeshwar facility underscores its commitment to growth in the renewable energy sector. This development is particularly significant as it sets the stage for the company's ambitious expansion plans.

Future Outlook

The company has outlined an aggressive growth strategy:

1. Near-term Goal: Solex Energy aims to more than triple its current capacity, targeting 2.5 GW by Diwali 2025. This rapid expansion plan reflects the company's confidence in the growing demand for renewable energy solutions.

2. Long-term Vision: Looking further ahead, Solex has set an ambitious target of achieving a 10 GW capacity by 2030. This goal represents a significant scale-up of operations and positions the company as a potential major player in India's renewable energy landscape.

These expansion plans align with India's push towards increasing its renewable energy capacity and reducing dependence on fossil fuels. The transition to the NSE Main Board, coupled with these growth targets, may attract increased investor attention to Solex Energy in the coming years.

As the renewable energy sector continues to evolve, Solex Energy's progress and ability to meet these ambitious targets will be closely watched by industry observers and investors alike.