Introduction:
Solar stock announces a significant development with a work order from Zodiac Energy Limited for 20 MW of Solex Bifacial PERC Solar Modules, valued at ₹29 crore, reinforcing its expanding presence in the renewable energy sector.
Share Price movement of Solex Energy:
As of today, December 9, 2024, Solex Energy Ltd (NSE: SOLEX) share price saw a movement from an opening at ₹1497.00 to a close at ₹1546.70, marking a 1.18% increase. The stock hit a high of ₹1620.00 and a low of ₹1493.05, with a market cap of ₹1653.97 crores.
Solex Energy New Order:
Solex Energy Limited has announced receiving a work order from Zodiac Energy Limited, Ahmedabad, for supplying 20 MW Solex Bifacial PERC Solar Modules. The total value of the order is ₹29,00,82,900, inclusive of all duties and taxes. This marks a significant business development for the company.
The work order aligns with Solex Energy’s continued expansion in the solar energy sector. The deal reflects the company’s growing presence in the renewable energy industry and strengthens its position in delivering high-performance solar modules to prominent industry players like Zodiac Energy Limited.
Details required under the SEBI (LODR) Regulations, 2015, along with a SEBI circular, have been provided in Annexure-A for further information. The company’s commitment to transparency and regulatory compliance is evident in this disclosure, ensuring investors are well-informed about the latest developments.
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Recent news About Solex Energy:
On October 1, 2024, Solex Energy Ltd announced a strategic Rs 8,000 crore investment to boost solar technology by 2030. Plans include expanding cell production to 5 GW and module capacity to 15 GW using advanced N-Type TOPcon technology, aligning with India’s 500 GW renewable energy target.
Stock performance of Solex Energy for Period of 1 week, 6 months and 1 year:
Over the past week, Solex Energy’s stock has increased by 0.77%. In the last six months, the stock has seen a growth of 30.8%. Remarkably, over the past year, the company’s stock has surged by 300%, reflecting strong long-term performance.
Shareholding pattern of Solex Energy:
| Summary | Sep 24, 2024 | Jul 20, 2024 | Mar-24 |
| Promoter | 66.20% | 66.20% | 70.70% |
| FII | 0.00% | 0.00% | 0% |
| DII | 1.10% | 1.10% | 1.10% |
| Public | 32.80% | 32.70% | 28.30% |
About Solex Energy:
Solex Energy specializes in renewable energy solutions, focusing on the design and manufacture of solar modules and systems. The company drives innovation in solar technology, aiming to enhance energy accessibility and efficiency across various sectors, contributing to sustainable development and environmental conservation.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
