1:4 Bonus Issue: Multibagger Solar Company Unveils Vision 2030 with Landmark Rs 8,000 Crore Investment, Stock Gains Over 200 Per cent Just 1 Year!
The company’s shares have delivered an impressive return of around 6,690 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 a leading name in India's solar sector, 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.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.
Chetan Shah, Chairman & Managing Director of Solex Energy, emphasized the significance of this vision, stating, “Vision 2030 represents a key milestone in our journey to becoming a fully integrated solar company. With the introduction of N-Type TOPcon Technology featuring Rectangular Cells, Solex Energy is raising the bar for efficiency and reliability.”
A cornerstone of this strategy is the launch of the Tapi-R series, which incorporates N-Type TOPcon Technology with a rectangular cell design, setting a new standard for solar energy generation in India. This series, named after the Tapi River, features a cell size of 182.2 x 210 mm with 132 Half-Cut cells, delivering up to 625 WP of power and an impressive module efficiency of 23.14 per cent. Its design is particularly suited for large-scale solar projects in challenging environments, such as deserts, boasting a bifacial rate of approximately 80 per cent and a power temperature coefficient of -0.28 per cent/°C.
The Tapi-R series also comes with a comprehensive 12-year product warranty and a 30-year linear performance guarantee, ensuring minimal annual degradation. Shah noted, “With the launch of the Tapi-R series, we are proud to be the first Indian manufacturer to offer modules with such advanced technology.” Solex Energy recently became the first Indian PV module manufacturer to secure the prestigious MCS 005 certification under the BSI Kitemark, accredited by the United Kingdom Accreditation Service (UKAS).
In addition to its technological innovations, Solex Energy is committed to supporting India’s national goal of achieving 500 GW of non-fossil fuel-based installed electricity capacity by 2030. The company is also actively involved in community development through its Corporate Social Responsibility (CSR) initiatives.
Today Solex Energy Ltd shares closed at Rs 1460 per share. The company’s current market capitalization stands at Rs 1577.17 crore. The stock has delivered a multibagger return of around 6600 per cent in just 5 years.
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.
Investors must keep this Small-Cap solar company on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.