Solex Energy’s ₹4,000 Cr Bet on India's Green Future

Solex Energy has unveiled an ambitious growth strategy targeting a revenue potential exceeding ₹4,500 crore by the financial year 2028, supercharged by an expansive multi-vertical pivot. Announced during the company’s 12th Annual General Meeting, Solex has committed a historic ₹4,000 crore investment program spanning FY27 to FY30. This capital outlay will fund its transition from a traditional solar module provider into a fully integrated green energy platform. The growth roadmap outlines building 2.2 GW of solar cell manufacturing capacity by FY28 (scaling to 5.2 GW by early FY29) alongside the deployment of a major Battery Energy Storage System (BESS) initiative, targeting 5 GWh in its initial phase. These strategic moves are designed to fortify supply chain resilience, maximize cost efficiencies, and amplify the company's footprint across India's domestic renewable manufacturing ecosystem.

News by Rahul Yelligetti.