Solex Energy lists on BSE, targets 10 GW module capacity by 2030
Solex Energy Limited expanded its exchange listings to include the Bombay Stock Exchange on August 13, 2026. The solar manufacturer, which currently holds a 4 GW module production capacity in Gujarat, targets 10 GW of module and cell capacity by 2030. The listing aims to broaden the shareholder base beyond the current 11,000+ investors as the company scales its domestic manufacturing footprint.
*this image is generated using AI for illustrative purposes only.
Solex Energy Limited (BSE: 544862 | NSE: SOLEX) listed its shares on the Bombay Stock Exchange on August 13, 2026, marking a significant expansion in its capital market reach. The Surat-based renewable energy company, which already trades on the National Stock Exchange, now seeks to broaden its investor base alongside its existing community of over 11,000 shareholders.
The listing coincides with the company's push to scale its manufacturing footprint in India's growing solar sector. Solex currently operates a fully automated, Industry 4.0-enabled facility in Tadkeshwar, Gujarat, with a production capacity of 4 GW for photovoltaic modules. The company serves as an original equipment manufacturer for international brands and exports to multiple countries while providing engineering, procurement, and construction solutions across utility-scale and commercial segments.
Vision 2030 Expansion Plans
Management outlined ambitious long-term targets aligned with the government's AatmaNirbhar Bharat and Viksit Bharat initiatives. The company aims to achieve the following capacities by 2030:
- 10 GW of solar module manufacturing capacity
- 10 GW of solar cell manufacturing capacity
- 10 GW of battery energy storage system infrastructure
- 2 GW of wafer and ingot production
Dr. Chetan Shah, Chairman and Managing Director, stated that the listing reflects stakeholder confidence in the company's governance and growth strategy. He emphasized that the move supports the journey toward building a globally competitive solar manufacturing enterprise.
Workforce and Social Impact
Beyond industrial expansion, Solex highlighted its commitment to inclusive growth. A significant portion of its workforce is drawn from tribal and indigenous communities, reflecting a strategy that combines industrial progress with local community empowerment.
The company continues to advance expansion plans at its Gujarat facility, focusing on high-efficiency modules and next-generation technologies to participate actively in India's clean energy transition.
How will Solex Energy plan to finance the capital expenditure required to scale from 4 GW to 10 GW in module and cell manufacturing by 2030?
What specific strategies will Solex employ to mitigate supply chain risks for polysilicon and wafers as it expands its upstream manufacturing capabilities?
How might increased competition from established global solar manufacturers impact Solex's pricing power and export margins in international markets?
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