Solex Energy Outlines Growth Plan at 12th AGM, Targets ₹4,500 Crore Revenue by FY28
Solex Energy's 12th AGM outlined a growth strategy. The company reported FY26 revenue of ₹1621.1 crore, a 143.9% YoY increase. It plans a ₹4,000 crore investment program (FY27-FY30) for solar cell and BESS expansion. Solex targets ₹4,500 crore revenue potential by FY28 and is expanding internationally.
The substantial investment program (₹4,000 crore) and aggressive revenue targets (₹4,500 crore by FY28) signal a major strategic expansion and a significant shift in the company's operational scale and market positioning.
The announcement details strong financial performance, significant future investment plans, and ambitious revenue targets, indicating positive future prospects for the company.
Solex Energy Limited held its 12th Annual General Meeting (AGM) on September 22, 2026, outlining its strategic roadmap for expansion. The company reported strong performance for FY26, with revenues of ₹16,211 million (₹1621.1 crore), a 143.9% year-on-year growth. EBITDA stood at ₹1,867 million (₹186.7 crore), and Profit After Tax reached ₹983 million (₹98.3 crore). Order visibility exceeded ₹34,000 million (₹3400 crore).
Dr. Chetan Shah, Chairman and Managing Director, emphasized Solex's ambition to build an integrated, technology-driven energy platform. The company is expanding from solar module manufacturing into solar cells and Battery Energy Storage Systems (BESS). Plans include developing 10 GWh of battery pack and container assembly capacity, with the first 5 GWh phase targeted for FY29.
To support this growth, Solex has announced an investment program of approximately ₹4,000 crore between FY27 and FY30. This includes establishing 2.2 GW of solar cell capacity by FY28, scaling to 5.2 GW by early FY29, and the initial 5 GWh BESS phase by FY29. The company is targeting a revenue potential of over ₹4,500 crore by FY28.
Solex is also expanding its international presence with plans for Solex Europe and Solex USA, aiming to establish itself as a trusted Indian solar manufacturing brand globally. The company's strategy leverages its nearly three decades of experience, manufacturing capabilities, and focus on technology to build a broader renewable energy platform.
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Solex Energy Limited filed this with the NSE as a statutory disclosure, categorised under agm. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Solex Energy Limited. Read the original for the full detail.