The stock touched a 52-week survey low of Rs. 330 percent from 332 and gave multibagger returns of 5,850 percent in four to five years.
Solex Energy Limited, one of the world's most innovative solar energy companies, has received a significant order from Spring Energy Pvt Ltd, a well-known Shell affiliate in the United Kingdom. Asha Solar Energy Pollution and Population Demonstration Environment Free Project launched by the company in this country and worldwide. The order from sprng Energy Pvt Ltd, a government agency that offers cooperation to large-scale power generation companies, includes the supply of 100 MW capacity N-type TOPCON 585/590 Wp solar modules valued at Rs. 150,00,00,00,00,000 inclusive of charges and taxes. . Scheduled for completion by June 2025, the deal, which will see projects from companies in the country as well as neighboring India, underscores Solex Energy's growing importance as a major player in India's growing solar energy sector.
Earlier the company received Rs. A significant order was received for supply of 20 MW Solex Bifacial Perc Solar Modules worth Rs.29,00,82,900. As per the terms of the contract, this domestic order is expected to be completed within 3 months. The order highlights Solex Energy's growing presence in the solar energy sector and its superior quality and solar technology capabilities to deliver high-quality solar solutions to meet the growing demand for renewable energy.
About the company
Solex Energy Ltd:-
It is a renewable energy company that manufactures solar panels, lanterns, street lights, water pumps and inverters with such diverse and innovative research. Good Quality Solar also provides comprehensive solar solutions, with various designs and perfect for this attractive looking model that will mount solar power on the top of the car facing the sun. And at least in terms of pollution, there is a huge change to prevent and reduce carbon dioxide pollution from cars and vehicles and to drive electric vehicles. The source of electricity is solar energy which includes designing and building solar power plants for residential and commercial customers.
It is a renewable energy company that manufactures solar panels, lanterns, street lights, water pumps and inverters with such diverse and innovative research. Good Quality Solar also provides comprehensive solar solutions, with various designs and perfect for this attractive looking model that will mount solar power on the top of the car facing the sun. And at least in terms of pollution, there is a huge change to prevent and reduce carbon dioxide pollution from cars and vehicles and to drive electric vehicles. The source of electricity is solar energy which includes designing and building solar power plants for residential and commercial customers.
According to the half-year results data, net sales increased by 194 percent to Rs 273.09 crore in H1FY25 compared to H1FY24 and net profit increased by 1,698 percent to Rs 13.08 crore. In the annual results at like-for-like prices with some changes in this new year, net sales increased by 126 percent to Rs 365.92 crore and net profit increased by 222 percent to Rs 8.73 crore.
Apart from these company-wise fluctuations, bonus shares of the company are ex-traded in the ratio of 1:4. From this conclusion with respect to the stock market, every update for solar shares as per NEET modification readings on this record date and the correspondingly modified figures means that each 10 4 existing fully paid-up equity shares of Rs. Eligible Shareholders on the Record Date. For shares, they will get 1 new fully paid-up equity share of Rs 10 each. The ex-date of the bonus shares was Friday, December 20, 2024.
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