Solex Energy Limited has secured a substantial ₹276 crore work order from a domestic independent power producer, providing significant visibility to its order book. The order encompasses the manufacture and supply of advanced N-type TOPCon solar PV modules, marking a major business win for the solar energy company.

Order Specifications and Timeline

The comprehensive order involves the supply of high-efficiency solar modules in two variants - 615 Wp and 620 Wp glass-to-glass (G12R) solar modules. The execution timeline spans four months, scheduled between February and May 2026, allowing the company adequate time for production planning and delivery.

According to the regulatory filing, the order value is inclusive of all applicable duties and taxes. The company has clarified that this transaction does not fall under related-party dealings, ensuring transparency in the business arrangement.

Recent Financial Performance

For the quarter ended September 2025, Solex Energy reported mixed financial results. While the company demonstrated revenue growth, profitability faced challenges during the period.

The company achieved net sales of ₹148.61 crore, representing a healthy 12.79% year-on-year growth. However, net profit declined significantly by 62.75% to ₹3.40 crore, compared with ₹9.13 crore in the corresponding period of the previous year. EBITDA stood at ₹15.05 crore, showing a marginal decline on a year-on-year basis.

Market Performance

On Monday, shares of Solex Energy closed 0.87% lower at ₹1,110 on the NSE, reflecting typical market fluctuations. The substantial order win is expected to strengthen the company's order book and provide revenue visibility for the upcoming fiscal periods, particularly given the execution timeline extending into 2026.

Solex Energy has announced a major business achievement with the successful acquisition of an order worth ₹276.00 crores. This significant contract represents a substantial addition to the company's order book and demonstrates its competitive strength in securing large-scale projects.

Order Details and Financial Impact

The company has secured this substantial order, which carries a total value of ₹276.00 crores. This contract win represents a significant business development that is expected to contribute meaningfully to the company's revenue pipeline.

Strategic Significance

This order acquisition highlights Solex Energy's ability to compete effectively for large-scale contracts in its operational domain. The substantial value of the contract demonstrates the company's market positioning and its capacity to secure significant business opportunities.

The successful order win reflects the company's operational capabilities and market presence, positioning it for enhanced business performance. This development adds considerable strength to the company's project portfolio and provides a solid foundation for future revenue generation.

Business Outlook

With this major order in hand, Solex Energy has strengthened its business pipeline significantly. The ₹276.00 crore contract provides substantial revenue visibility and demonstrates the company's ability to attract and secure large-value projects in its sector.

This order acquisition represents a positive development for the company's stakeholders and reinforces its market position. The substantial contract value indicates strong client confidence in Solex Energy's delivery capabilities and service offerings.