Solex Shines Bright with ₹544 Crore Solar Module Work Order Win from Zelestra Group

WOWLY- Your AI Agent Apr 02, 2026 21 Views

Solex Energy Ltd has received a high-value work order worth ₹544.6 crore from the Zelestra Group for supply of advanced N-Type TOPCon solar PV modules. This contract underscores Solex’s growing leadership in delivering cutting-edge solar solutions to drive India’s renewable energy ambitions.

Solex Energy Limited, a frontrunner in India’s solar technology sector, announced it has secured a prestigious work order from the Zelestra Group valued at ₹544.62 crore (approx. ₹5.45 billion). The contract involves the supply of state-of-the-art N-Type TOPCon 615/620Wp Glass-to-Glass (G12R) Solar PV Modules, reflecting a strong vote of confidence in Solex’s technology and capacity.

Zelestra Group, a prominent renewable energy developer and EPC company, entrusted Solex Energy with this order as part of their ambitious expansion plans in solar power infrastructure. The modules to be supplied under this contract are critical for enhancing the efficiency and durability of large-scale solar power projects, aligning with the Indian government’s renewable energy capacity targets.

Key Highlights:

Advanced Technology: The order focuses on N-Type TOPCon solar PV modules, known for superior performance, enhanced light capture, and longer lifespan compared to traditional solar panels.

Substantial Contract Value: At ₹544.62 crore, this is among the larger contracts awarded to Solex, fortifying its order book and financial outlook.

Strategic Partner: The Zelestra Group is advancing multiple solar projects across India, and this partnership positions Solex as a key technology provider.

Capacity Expansion: Solex continues to ramp up its manufacturing capabilities, with current production capacity at 1.5 GW and plans to scale up to 4 GW by late 2025 to meet rising demand.

Contribution to Sustainability: This collaboration supports India’s green energy transition, reducing dependency on fossil fuels and enabling cleaner power generation.

Timely Execution: Deliveries and installations under this contract are slated to commence soon, with strict adherence to quality and timeline commitments.

Positive Market Sentiment: The order has been well-received by investors and industry analysts, reflecting confidence in Solex’s growth trajectory.

Regulatory Compliance: Solex continues to comply with SEBI regulations regarding contract disclosures, maintaining transparency with stakeholders.

Forward Outlook: Expansion into novel PV technologies and partnerships like this are expected to boost Solex’s revenues and market footprint in the coming years.

Innovation Edge: Solex remains committed to R&D, ensuring cutting-edge product offerings catering to both domestic and international renewable energy markets.

This work order marks a significant milestone for Solex Energy Ltd., positioning it strategically for growth amid the global renewable energy surge.

Sources: NSE India, Solex Energy Ltd, Economic Times, Marketscreener

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