Solex Energy Ltd, a Gujarat-based solar manufacturer and EPC solutions provider, has reported a 103% increase in consolidated revenue, reaching INR 408 crore for the nine months ending December 31, 2024. This growth marks a significant leap from the same period last year, with the company anticipating its highest-ever revenue due to strong performance across all its business segments.
The company expects its solar module business to contribute significantly in the fourth quarter of FY 2024-25, with the expansion of its manufacturing capacities. Solex will begin commercial production on a new 800 MW production line in January 2025, increasing its total capacity to 1.5 GW.
Additionally, the company plans to add another 2.5 GW of production capacity by June 2025, bringing its total capacity to 4 GW. This expansion is expected to drive substantial growth in both revenue and profitability starting from FY26.
Solex Energy is a prominent Indian company specializing in renewable energy solutions, with a focus on manufacturing and delivering high-quality solar photovoltaic (PV) modules and comprehensive solar energy systems. Founded in 1998, the company has established itself as a trusted name in the solar industry, catering to residential, commercial, and industrial segments.
Solex Energy’s product portfolio includes monocrystalline and polycrystalline solar panels, solar water heaters, and turnkey solutions for rooftop and ground-mounted solar projects. Committed to sustainability and innovation, Solex Energy leverages advanced manufacturing techniques and state-of-the-art technology to provide efficient and reliable solar solutions. With a strong emphasis on promoting clean energy and supporting India’s renewable energy goals, the company continues to drive the adoption of solar power across the country.
