Solar Power Company Solex Energy: The renewable energy sector in India is rapidly growing, presenting continuous new opportunities for related companies. One such company is Solex Energy, which recently announced a significant new order. Following this announcement, the company’s share price saw a substantial rise.
Introduction to Solar Power Company Solex Energy
Solex Energy is a leading manufacturer of solar photovoltaic modules. The company provides turnkey solar solutions, including solar plants, solar water pumps, and rooftop solar systems. Additionally, Solex Energy deals in products such as light-emitting diode (LED) lights, solar street lights, solar water heaters, and solar power plants.
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Table of Contents
Company Services:
- Engineering
- Procurement
- Construction
Market Performance of Solex Energy
Financial Information:
| Description | Value (INR) |
|---|---|
| Market Cap | 1,201.80 crore |
| Share Price | 1,502.25 |
| 52-Week High Price | 1,693.95 |
| 52-Week Low Price | 415 |
The company’s stock has seen a growth of 2845.59% over the past three years, 117.64% over the past year, and 28.62% over the past three months.
Major Order Secured by Solex Energy
Solex Energy recently announced the acquisition of two significant contracts. The first contract is from Apar Industries Limited. Under this contract, the company will install a 1,217-kilowatt solar roof mount power plant. For this project, the company will receive a sum of 3,53,16,123 INR.
Key Points of the Contract:
- Contractor: Apar Industries Limited
- Project: Solar Roof Mount Power Plant
- Capacity: 1,217 kilowatts
- Value: 3,53,16,123 INR
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The second contract is from the District Panchayat Raj Officer Patna. This is a comprehensive maintenance contract with a five-year duration. Under this contract, the company will install a remote monitoring system for smart solar street light systems. The value of this contract is 9,84,47,811 INR.
Key Points of the Contract:
- Contractor: District Panchayat Raj Officer Patna
- Project: Smart Solar Street Light System
- Value: 9,84,47,811 INR
Expansion in the Company’s Business
Solex Energy’s financial performance has also been notable. In the fourth quarter of the financial year 2024, the company’s revenue increased to 273 crore INR. Similarly, the company’s operating profit stood at 20 crore INR and net profit at 8 crore INR.
Financial Information:
| Financial Year | Revenue (INR) | Operating Profit (INR) | Net Profit (INR) |
|---|---|---|---|
| 2023 | 161 crore | 15 crore | 5 crore |
| 2024 | 366 crore | 28 crore | 9 crore |
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Future of Solex Energy
Considering the continuously increasing orders and financial performance of Solex Energy, the company’s future looks bright. Government policies and schemes in the renewable energy sector will also benefit the company.
Key Points:
- Solex Energy secured a major order worth 3,53,16,123 INR
- A significant surge in share price
- The company’s market cap is 1,201.80 crore INR
- Revenue of 366 crore INR in the financial year 2024
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Solex Energy’s growing business and acquisition of new contracts indicate that the company is becoming a strong player in the renewable energy sector. With government policies and increasing public demand, the company’s future is full of potential.
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