Multibagger Solar Panel Company Bags New Order Worth Rs 16,00,92,702 for Smart Solar Street Light

The stock gave multibagger returns of 126 per cent in just 1 year and a whopping 2,450 per cent in 3 years.

Solex Energy Limited has received a work order under the “Mukhyamantri Gramin Solar Street Light Yojna” to install 5,220 units of Smart Solar Street Lights in Supaul District, Bihar, valued at Rs. 16,00,92,702, inclusive of all duties and taxes. The order was awarded by the District Panchayat Raj Officer, Supaul, Bihar, and involves the design, supply, installation, testing and commissioning of the solar street light system, along with a CMS for five years including RMS. This domestic contract must be executed according to the terms specified in the order.

Earlier, Solex Energy Limited secured a domestic contract worth Rs 6,25,90,000 from Vishwaprem Dyg. Mills Pvt Ltd, Surat, to install a 2 MW Solar Ground Mount Power Plant. The project, valued at Six Crore Twenty-Five Lakhs Ninety Thousand, inclusive of all taxes, is to be executed within six months as per the order's terms and conditions. All details of the project, including its nature, location, and timeline, are specified in the order awarded by the domestic entity.

Solex Energy Ltd is a renewable energy company specializing in manufacturing solar panels and other related devices, such as solar lanterns, street lights, water pumps, and inverters. Beyond manufacturing, the company offers comprehensive solar solutions to residential, commercial, and governmental clients. Their services include designing, procuring, and constructing solar power plants for both residential and commercial sectors, providing a one-stop solution for those looking to harness solar energy.

On Friday, shares of Solex Energy Ltd gained 0.33 per cent to Rs 1,363 with an intraday high of Rs 1,426.35 and an intraday low of Rs 1,355.05. The stock’s 52-week high is Rs 1,640 and its 52-week low is Rs 415. The stock gave multibagger returns of 126 per cent in just 1 year and a whopping 2,450 per cent in 3 years. Investors should keep an eye on this Small-Cap stock.

Disclaimer: The article is for informational purposes only and not investment advice. 

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