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Solex Energy Targets Rs 4,500 Cr Revenue by FY28, Bets on Solar Expansion
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News18•22-09-2026, 15:45
Solex Energy Targets Rs 4,500 Cr Revenue by FY28, Bets on Solar Expansion
- •Solex Energy aims for over two-fold revenue growth to Rs 4,500 crore by FY28, driven by solar vertical expansion.
- •The company reported Rs 1,620 crore revenue, Rs 186.7 crore Ebitda, and Rs 98.3 crore net profit in FY26.
- •Solex plans a Rs 4,000 crore investment between FY27 and FY30 to transition into an integrated renewable energy platform.
- •Expansion includes solar cells, modules, and Battery Energy Storage Systems (BESS), with 2.2 GW solar cell capacity by FY28, scaling to 5.2 GW by early FY29.
- •Solex is developing 10 GWh battery pack and container assembly capabilities, with the first 5 GWh phase targeted for FY29, and plans for Solex Europe and Solex USA.
Key Questions Answered
Solex Energy is targeting a revenue potential of more than Rs 4,500 crore by FY28 while maintaining a disciplined approach toward execution and capital deployment, as announced by Chairman Chetan Shah during the 12th Annual General Meeting.
Solex Energy has outlined an investment programme of approximately Rs 4,000 crore between FY27 and FY30 to expand from its solar module business into an integrated renewable platform covering solar cells and Battery Energy Storage Systems.
The company's roadmap includes establishing 2.2 GW of solar cell capacity by FY28, scaling it to 5.2 GW by early FY29, and deploying the first 5 GWh phase of battery pack and container assembly capacity by FY29.