Solex Energy Ltd, a Gujarat-based solar manufacturer and EPC solutions provider, has reported consolidated revenue of INR 408 crore for the nine months ending Dec. 31, 2024, a 103% increase from the previous year for the same period. The company said it is set to achieve its highest-ever revenue, driven by robust performance across all business verticals.
Solex expects its solar module business to play a key role from the fourth quarter of FY 2024-25 as it expands its manufacturing capacities.
“Our new 800 MW production line will start commercial production in January 2025, increasing our total capacity to 1.5 GW. Further, an additional 2.5 GW production capacity is expected to be added by June 2025, achieving a total capacity of 4 GW. This expansion will significantly boost the company’s revenue and profitability from FY26 onwards,” stated the company.
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