This Multibagger Solar Panel Company Bags Order Worth Rs 16,00,92,702 from Bihar Government

Solex Energy Limited: A Renewable Energy Company

Solex Energy Limited recently secured two significant contracts in the renewable energy sector. Let’s delve into the details:

1. Solar Street Lights in Supaul District, Bihar:
   • Solex received a work order under the “Mukhyamantri Gramin Solar Street Light Yojna” to install 5,220 Smart Solar Street Lights in Supaul District, Bihar.
   • The contract is valued at Rs. 16,00,92,702, inclusive of all duties and taxes.
   • The scope includes design, supply, installation, testing, and commissioning of the solar street light system.
   • Additionally, Solex will manage the system through a CMS for five years, including RMS.
2. 2 MW Solar Ground Mount Power Plant in Surat:
   • Vishwaprem Dyg. Mills Pvt Ltd awarded Solex a domestic contract worth Rs 6,25,90,000.
   • The project involves installing a 2 MW Solar Ground Mount Power Plant.
   • The total value, inclusive of taxes, is Six Crore Twenty-Five Lakhs Ninety Thousand.
   • Solex must complete the project within six months as per the order’s terms and conditions.

About Solex Energy Ltd:

• Solex Energy Ltd specializes in manufacturing solar panels, solar lanterns, street lights, water pumps, and inverters.
• Beyond manufacturing, they offer comprehensive solar solutions to residential, commercial, and governmental clients.
• Their services include designing, procuring, and constructing solar power plants.

Stock Performance:

• Solex Energy Ltd’s stock (NSE) closed at Rs 1,433.10 on July 15, 2024.
• The stock has shown remarkable growth, with multibagger returns of 126% in one year and a staggering 2,450% in three years.