Solex Energy touched a day high of Rs 704.95 on 6 October, the day the firm announced fresh solar module orders from domestic power firms.

The biggest order is worth Rs 75.96 crore, including duties and taxes. A domestic power and electricity sector company placed it, and Solex will supply 620 Wp solar modules made at its facility near Surat in Gujarat.

These are N-type TOPCon glass-to-glass modules. In plain terms, TOPCon is a newer panel design built to turn more sunlight into electricity, which suits large solar farms.

Sources reported that the company gave no delivery period in its press release. Sources reports that the order is expected to be completed by November 2026.

There is a second, smaller win. On 5 October, Solex announced a Rs 13.16 crore order for 620 Wp bifacial modules, which are panels that collect light on both sides.

Together, the two orders add up to Rs 89.12 crore. Solex runs a fully automated 4 GW module plant at Tadkeshwar in Gujarat.

It also began commercial production at a 2.2 GW module facility in Surat in November 2025.

Its modules sit on the government’s approved list of makers, known as ALMM. As per reports that the company’s order book has crossed Rs 3,400 crore.

In September, it also won a Rs 74.77 crore contract for solar modules. The April to June quarter was weaker. Profit after tax fell 66.59% to Rs 8.25 crore.

Shareholders also received a dividend of Re 0.55 a share, with an ex-date of 15 September.

Solex shares closed at Rs 690.85 on NSE, up Rs 8.65 or 1.27%. About 1.15 lakh shares changed hands, and the company’s market value stood near Rs 746 crore.

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