Listing Event Details
Solex Energy Limited successfully listed on the Bombay Stock Exchange (BSE) on August 13, 2026. The listing ceremony was attended by the company's Board of Directors, promoters, and senior leadership. This marks a significant milestone in the company's growth journey and represents its expansion to BSE in addition to its existing NSE listing.
Management Commentary
Dr. Chetan Shah, Chairman and Managing Director (DIN: 02253886), stated that the listing reflects investor and stakeholder confidence in the company's vision, governance, and long-term growth strategy. The company currently has over 11,000 shareholders and aims to further broaden its investor base through the BSE listing.
Manufacturing and Expansion Plans
The company is advancing expansion plans at its Tadkeshwar facility in Gujarat, focusing on high-efficiency solar modules and next-generation solar technologies. Solex operates a state-of-the-art, Industry 4.0 enabled, fully automated manufacturing facility at Tadkeshwar, Gujarat, with a production capacity of 4 GW for photovoltaic modules.
Vision 2030 Targets
Solex Energy Limited has established ambitious long-term targets under its Vision 2030:
- 10 GW of solar module manufacturing capacity
- 10 GW of solar cell manufacturing capacity
- 10 GW BESS Infrastructure
- 2 GW of Wafer and Ingots manufacturing capacity
The company is also exploring further integration across the solar value chain.
Strategic Alignment and Market Position
The company's vision aligns with the Government of India's AatmaNirbhar Bharat and Viksit Bharat initiatives, which seek to strengthen domestic manufacturing and accelerate the country's transition to sustainable energy. Solex has a strong order pipeline and increasing market presence, positioning it to participate actively in India's rapidly growing renewable energy sector.
Social Impact and Workforce
Solex emphasizes inclusive growth and social impact, with a significant portion of its workforce coming from tribal and indigenous communities, reflecting the company's commitment to combining industrial progress with community empowerment.
Company Background
Headquartered in Surat, Gujarat, Solex Energy Limited has been operating since 1995 with nearly three decades of expertise in solar manufacturing. The company is among India's most trusted solar module manufacturers and one of the first Indian solar brands listed on both NSE and BSE. The company holds globally recognized certifications, exports to multiple countries, and serves as a preferred OEM partner to internationally recognized brands.
Business Operations
Beyond manufacturing, Solex provides comprehensive EPC solutions across utility-scale, commercial, industrial, and institutional segments. The company operates on core values of consistency, quality, and commitment, positioning itself as a long-term energy partner committed to accelerating the transition to clean, reliable, and sustainable energy.