Chetan Shah

Solex Energy Fy25-Revenue Up 81%, Profit Soars 390%

Continuing with the trend of improving margins at Solar module makers, Gujarat-based  Solex Energy Limitedhas announced its audited financial results for the fiscal year ended March 31, 2025. The company delivered a robust performance, with consolidated revenues reaching ₹ 665.82 crore, a significant 81% year-on-year growth compared to ₹ 368.02 crore in FY 2023-24. Solex Energy […]

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Solex Wins 310 MW Solar Order From KPI Green

Surat-based Solex Energy has secured a Rs. 451 Cr (Rs 4,510.92 million) order from KPI Green Energy to manufacture and supply 310 MW of N-Type TOPCon 615Wp glass-to-glass (G12R) solar PV modules, the company said in a stock exchange filing. The project is expected to be completed within six months from September 2025, as per […]

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Solex Energy Closer To Adding 2.2 GW Solar Production Line

 Solex Energy is set to accelerate its growth trajectory by launching a new 2.2 GW solar module production line. With this new line becoming operational, the company’s total manufacturing capacity will reach approximately 4 GW. The company added this new solar production line with ₹200 crore Investment. The new production line, targeted for completion by […]

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Besides Europe & Africa, Solex To Focus On Module Exports To US

After trying hands with solar module exports to the European and African markets, Indian solar module maker Solex Energy is now eyeing the United States. The top management of the company in a latest investors call talked about their plans to venture into the US solar market for their exports. Chetan Shah, Chairman and MD […]

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Solex Energy First Indian PV Module Firm To Get MCS Certification

Surat based Solar Module Manufacturer Solex Energy Limited, has become the first Indian PV Module manufacturer to be certified with the prestigious MCS 005 certificate under the BSI Kitemark, supported by the United Kingdom Accreditation Service (UKAS). The MCS stands for Microgeneration Certification Scheme and MCS 005 is the quality certification for solar PV modules. […]

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Solex Registers 126% YoY Growth In Revenue From Ops In Fy23-24

Maintaining the trend of strong financial results from Module manufacturers, Surat, Gujarat-based Solex Energy financial results for FY 2023-24 make for impressive reading. The company achieved a revenue of Rs. 3,659.2 million, from its operations. This increased from Rs. 1,617.1 million in FY 2022-23 with a 126% year-over-year growth. The company’s EBITDA improved to Rs. […]

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Solex Energy’s basket of projects includes rooftop, street lighting, water pumps, C&I

 Intersolar 2022, held at Gandhinagar, Ahmedabad, saw participation from a large number of leaders in the solar industry, even though the numbers fell drastically when compared to last year owing to the ongoing Gujarat Assembly Elections. Saur Energy International spoke to Chetan Shah, Chairman & Managing Director, Solex Energy at the exhibition premises about […]

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