Solex Energy Limited Secures Major ₹29 Crore Work Order
On December 10, 2024, Solex Energy Limited, a prominent player in India's renewable energy industry, announced the receipt of a significant ₹29,00,82,900 work order from Zodiac Energy Limited, Ahmedabad. This development underscores Solex Energy’s growing reputation and capability in the solar energy domain.

The work order involves the supply of 20 MW Solex Bifacial Perc Solar Modules, inclusive of all duties and taxes. This contract highlights the company’s focus on delivering high-quality, efficient solar solutions for domestic clients.

Key Details of the Work Order

The details of the awarded work order were disclosed in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015 and the SEBI circular dated July 13, 2023, as follows:

1. Awarding Entity: Zodiac Energy Limited, a leading energy solutions provider in India.
2. Nature of Contract: Supply of Solar PV Modules.
3. Type of Entity: Domestic.
4. Project Timeline: The contract is expected to be executed within three months, as per the terms.
5. Value of the Contract: ₹29 crore, inclusive of all applicable taxes and duties.

No Promoter/Related Party Involvement

Solex Energy clarified that the promoters, promoter group, or related parties have no interest in Zodiac Energy Limited, and the transaction does not fall within the category of related party transactions.

Significance of the Contract

Enhanced Portfolio in Solar Energy

The successful acquisition of this project strengthens Solex Energy’s position in the renewable energy sector and aligns with its mission to deliver innovative and sustainable energy solutions. The focus on Bifacial Perc Solar Modules, known for their efficiency and durability, reflects the company’s commitment to advanced solar technology.

Boost to Domestic Operations

This contract emphasizes Solex Energy's pivotal role in the domestic renewable energy market, which is witnessing significant growth due to India's focus on achieving ambitious solar energy targets under its National Solar Mission.

About Solex Energy Limited

Solex Energy Limited, headquartered in Surat, Gujarat, is a key player in India’s renewable energy landscape. The company specializes in manufacturing and supplying solar PV modules, contributing to the transition towards cleaner and more sustainable energy sources.

With state-of-the-art facilities and a focus on technological innovation, Solex Energy caters to a wide range of clients, delivering high-performance solutions tailored to India’s energy needs.

For further updates, visit www.solex.in or contact info@solex.in.

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