According to reports from CNBC TV18, Solex Energy has secured ₹75 crore worth of work orders from domestic entities for manufacturing and supplying solar photovoltaic (PV) modules, with execution scheduled by December 2026. The company announced this latest order inflow on Thursday (September 3), which adds to its growing order pipeline and comes amid continued demand for its solar module manufacturing capabilities. Latest developments show the company has secured ₹74.77 crore worth of additional orders, bringing the total executable order pipeline to ₹846 crore for 2026 execution.
As reported by CNBC TV18, Solex Energy has also received a Letter of Intent (LOI) for approximately ₹174.30 crore worth of orders, with the Module Supply Agreement currently at the signing stage. This additional pipeline strengthens the company's overall order book and reflects continued market confidence in the company's solar module manufacturing capabilities. The company currently holds a letter of intent for an additional ₹175 crore order, currently in the final stages of a master supply agreement, demonstrating sustained demand for its manufacturing capabilities.
According to CNBC TV18, the combined orders represent an executable order pipeline of approximately ₹846 crore, all targeted for execution by December 31, 2026. This substantial pipeline demonstrates the company's strong position in the solar module manufacturing sector and its ability to secure significant orders from domestic entities. The company's recent performance includes a ₹628 crore order inflow in July 2026 and a ₹42.47 crore contract in August 2026 for the supply of n-type TOPCon 620 W glass-to-glass solar PV modules, highlighting consistent order generation.
The latest orders leverage Solex Energy's 4 GW solar module manufacturing facility located in Tadkeshwar, Gujarat, which utilizes Industry 4.0-enabled automation. This advanced facility positions the company as a key player in the domestic supply chain for high-efficiency solar components. The company's commitment to vertical integration includes its upcoming 2.2 GW n-type TOPCon+ cell line, providing developers with a reliable local source for critical components and potentially mitigating supply chain risks associated with imported modules. Looking toward 2030, Solex Energy is executing an ambitious expansion roadmap to scale manufacturing capacity to 10 GW for solar modules, 10 GW for solar cells, and 10 GW for battery energy storage systems.
According to CNBC TV18, shares of Solex Energy Ltd ended at ₹720.00, up by ₹6.30, or 0.88%, on the BSE following the latest order announcement. The positive market response reflects investor confidence in the company's growing order pipeline and strong execution capabilities in the solar module manufacturing sector. The consistency of Solex Energy's order book reflects the ongoing shift toward high-efficiency n-type TOPCon technology in the Indian market, with developers looking to optimize plant performance and minimize levelized cost of energy through domestically manufactured, high-wattage modules.
