Order Win
Solex Energy Receives ₹628.37 Crore Solar PV Module Supply Work Order
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Solex Energy Limited has secured a ₹628.37 crore work order from a renowned independent power producer for the manufacture and supply of N-Type TOPCon 615Wp/620Wp Glass-to-Glass (G12R) Solar PV Modules. The project will be executed between October 2026 and March 2027.
PRICE-SENSITIVE TRIGGER
Event: Major Solar Module Supply Order Received
Type: Order Win
Impact: Positive
Immediate Effect: The order substantially strengthens Solex Energy’s order book and improves medium-term revenue visibility.
highlight:
₹628.37 Crore Solar PV Module Supply Contract
What Happened ?
Solex Energy Limited has received a work order from a renowned domestic independent power producer.
The order covers the manufacture and supply of:
- N-Type TOPCon
- 615Wp / 620Wp
- Glass-to-Glass
- G12R Solar PV Modules
The total contract value is ₹628.37 crore, inclusive of applicable duties and taxes.
Key Details
Order Details:
- Customer:
- Renowned Independent Power Producer (name not disclosed)
- Order Value:
- ₹628.37 Crore
- Scope:
- Manufacture and supply of N-Type TOPCon 615Wp/620Wp Glass-to-Glass Solar PV Modules
- Module Type:
- G12R TOPCon PV Modules
- Nature:
- Domestic order
- Execution Timeline:
- October 2026 – March 2027
- Related Party:
- No
- Promoter Interest:
- None
Note:
- The company has not disclosed the customer’s identity in the exchange filing.
Risk Analysis
Summary:
- The contract provides strong order book support and strengthens Solex Energy’s position in India’s fast-growing solar manufacturing sector. Revenue realization will depend on timely manufacturing and deliveries.
Key Risks:
- Manufacturing or logistics delays could postpone revenue recognition.
- Volatility in solar cell and wafer prices may affect margins.
- Supply-chain disruptions could impact execution.
- Customer delivery schedules and project commissioning timelines remain important.
Worst Case:
- Higher input costs, execution delays or supply-chain issues could reduce margins and defer revenue realization.
Risk Level: Medium
Company Commentary
- The work order has been received from a globally established renewable energy group.
- The contract reflects strong demand for Solex Energy’s advanced N-Type TOPCon technology.
- The order supports the company’s execution pipeline through FY2027.
Official Exchange Filing: Solex Energy Limited
