1:4 Bonus Issue: Multibagger Solar Company Bags Order Worth Rs 7.66 Crore from District Panchayat Raj Officer, Madhepura – Stock Gains Over 7,500 Per cent!
The company’s shares have delivered an impressive return of over 7,500 per cent in the past 5 years.
Solex Energy Ltd manufactures solar panels and other renewable energy devices and also specializes in installing systems on an Engineering, Procurement, and Construction (EPC) basis.
Solex Energy Ltd has secured a work order from the District Panchayat Raj Officer, Madhepura, valued at Rs 7.66 crore (inclusive of all duties and taxes). The order involves a Comprehensive Maintenance Contract (CMC) for 5 years, including the installation of a Remote Monitoring System (RMS) for Smart Solar Street Light Systems. The project is scheduled to be completed within 3 months, as per the contract terms.
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Recently, this Small-Cap solar company has announced a groundbreaking investment of over Rs 8,000 crores as part of its Vision 2030 strategy. This initiative aims to enhance solar technology and expand operations, solidifying Solex's position as a fully integrated solar company. Key elements of Vision 2030 include the development of a new cell manufacturing facility, initially set for 2 GW capacity with plans to scale up to 5 GW, and increasing module manufacturing capacity from 1.5 GW to 15 GW. Solex also plans to expand its workforce to over 25,000 employees to support this growth.
On Friday, Solex Energy Ltd shares closed at Rs 1620 per share. The company’s current market capitalization stands at Rs 1750 crore. The stock has delivered a multibagger return of over 250 per cent in just 1 year.
Solex Energy Ltd manufactures mono/multi-crystalline solar photovoltaic modules, solar lanterns, solar streetlights, solar water pumps, and solar inverters. They offer solar solutions to residential, commercial, utility, and governmental/non-governmental organizations. Additionally, the company is involved in the Engineering, Procurement, and Construction (EPC) business for solar power plants catering to both residential and commercial sectors.
Disclaimer: The article is for informational purposes only and not investment advice.