Solex Energy targets over ₹4,500 cr revenue by fiscal 2028
Business
Solex Energy is aiming high, targeting over ₹4,500 crore in revenue by fiscal 2028.
Announced at its 12th annual general meeting, Chairman Chetan Shah shared that the company plans to grow fast in solar and renewable energy spaces to get there.
Solex investing ₹4,000 cr in renewables
After earning ₹1,620 crore in fiscal 2026, Solex wants to invest ₹4,000 crore to move from just making solar modules to becoming a full-on renewable energy platform.
It is ramping up solar cell production (2.2 gigawatts by fiscal 2028 and 5.2 gigawatts by early fiscal 2029), launching battery storage projects, and expanding its international outlook through plans for Solex Europe and Solex USA, all focused on better tech, quality control, and cost efficiency.