SOLEX

Feb 12 (Reuters) - Solex Energy Ltd SOEX.NS:

• SOLEX ENERGY LTD DEC-QUARTER CONSOL NET PROFIT 87.1 MILLION RUPEES

• SOLEX ENERGY LTD DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 3.18 BILLION RUPEES

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** Shares of Solex Energy SOEX.NS jump by an exchange-capped maximum of 5% to 1,947.10 rupees

** Co starts commercial production of solar photovoltaic modules at its 2.2-GW capacity facility in Surat city in Gujarat

** SOEX up ~39% YTD

(Reporting by Vijay Malkar)

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Nov 10 (Reuters) - Solex Energy SOEX.NS:

• SEPT-QUARTER CONSOL NET PROFIT 52.2 MILLION RUPEES

• SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 1.55 BILLION RUPEES

Source text: ID:nNSE5T9Z6q

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July 1 (Reuters) - Solex Energy Ltd SOEX.NS:

• UNIT AWARDED 24.1 MW SOLAR PROJECTS WORTH 686.9 MILLION RUPEES

Source text: ID:nNSE3SMdmn

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April 8 (Reuters) - Solex Energy Ltd SOEX.NS:

• SOLEX ENERGY LTD - BOOSTS MODULE MANUFACTURING CAPACITY TO NEW 2.2 GW WITH ₹2 BILLION INVESTMENT

Source text: ID:nNSE3QqtLw

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Adds context of government projects in headline and paragraph 1, analyst comment in paragraph 9

By Sethuraman N R

Dec 10 (Reuters) - Indian clean energy firms will only be allowed to use locally made solar cells supplied by an approved list of companies in government projects from June 2026, the country's renewable energy ministry said, in a move aimed at curbing Chinese imports.

India already requires the use of locally made photovoltaic (PV) modules in government projects from an approved list of domestic manufacturers, and authorities have now extended this rule to solar cells as well.

The government plans to increase its non-fossil fuel capacity to 500 gigawatts (GW) by 2030 from about 156 at present.

Currently, India has a solar PV module-making capacity of about 80 gigawatts, while its cell-making capacity is slightly more than 7 GW, with companies largely relying on Chinese cells to make modules.

The government will issue a list of approved cell manufacturers as the installed capacity of solar PV cells in the country is expected to increase substantially next year, the ministry said on Monday.

Several Indian companies have already set up or are in the process of establishing solar cell-making plants.

Tata Power TTPW.NS recently commissioned a 4.3 GW cell making plant in southern India. Reliance Industries RELI.NS aims to commission its first phase of a 20 GW integrated solar cell and module production facility before the end of this year in the state of Gujarat, where the Adani Group already has a 4 GW cell and module-making plant.

Companies such as Waaree Energies WAAN.NS, Vikram Solar VIKO.NS and Solex Energy SOEX.NS have also lined up cell manufacturing pipelines.

"There is a possibility that the prices of modules using domestically made cells will be higher than the imported cells and that's where scaling up the cell capacity and improvement in cost economics for cell manufacturing in India will be important," said Vikram V, vice president of corporate ratings, ICRA.

(Reporting by Sethuraman NR; Editing by Sonia Cheema)

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** Indian solar module makers rise as U.S. slaps new round of tariffs on panel imports from four Southeast Asian nations

** Tata Power TTPW.NS adds 0.6%, Websol Energy WESL.NS rises 1%, Solex Energy SOEX.NS increases 1.5%, Waaree Energies WAAN.NS climbs 3.1% and Premier Energies PEME.NS up 3.6%

** Indian firms are one of the top suppliers of solar modules to the U.S.

** WAAN rises for fourth straight session, PEME gains for sixth session to hit an all-time high of 1,278 rupees

** TTPW shares up 25% YTD; PEME has risen 29% since listing in September and WAAN has increased 12% since October listing

(Reporting by Sethuraman NR)

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Oct 3 (Reuters) - Solex Energy Ltd SOEX.NS:

• GETS ORDER WORTH 76.7 MILLION RUPEES

Source text for Eikon: ID:nNSE2yRrsf

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** Shares of solar module maker Solex Energy SOEX.NS rise an exchange-allowed maximum of 10% to a record high of 1,561 rupees

** Co said on Monday it aims to invest about $1 bln by 2030 to expand existing capacities and venture into solar cell making

** Separately, co won work order worth 519.7 mln rupees ($6 mln) from Zodiac Energy for installation of solar PV modules

** Stock has surged over four-fold so far this year

($1 = 83.8030 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru)

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NEW DELHI, Sept 30 (Reuters) - Indian solar module maker Solex Energy SOEX.NS said on Monday that it aims to invest about $1 billion by 2030 to expand its existing capacities and venture into solar cell making.

The company is in talks with multiple investors including international green funds, private equity firms and Indian lenders to raise at least 12-15 billion rupees ($140-180 million) immediately via both debt and equity, said Vipul Shah, a director at Solex.

Solex, which has an annual solar module making capability of 700 megawatts (MW), will expand this to 1.5 gigawatts by the end of the year and is looking to add a further 2.5 GW of module capacity by the end of 2026.

The company is looking to have at least 1 GW of annual solar cell manufacturing in place by mid-2027, which it aims to expand to 2GW with a total investment of 10-12 billion rupees ($125-140 million), Shah said.

The company, which is listed on the NSE exchange's small and medium-sized enterprises platform, is eyeing listing on NSE's main board by the year-end, Shah said.

Mainboard listing will help the company with more liquidity options, including investment opportunities from foreign institutions, Shah added.

An increasing number of Indian companies are looking to boost their solar module capacity and venture into cell production as the Indian government pushes for more domestic manufacturing.

The government wants to add 500 GW of clean energy capacity by 2030 to reduce carbon emissions.

(Reporting by Sethuraman NR; Editing by Kevin Liffey)

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Aug 8 (Reuters) - Solex Energy Ltd SOEX.NS:

• APPROVED ISSUANCE OF BONUS SHARES IN RATIO OF 1:4

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Aug 6 (Reuters) - Solex Energy Ltd SOEX.NS:

• SOLEX ENERGY LTD -GETS WORK ORDER WORTH 73.6 MILLION RUPEES

Source text for Eikon: ID:nNSE2zvlnX

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Solex Energy Ltd SOEX.NS:

• SOLEX ENERGY - GETS ORDER WORTH 35.3 MILLION RUPEES

Source text for Eikon: ID:nNSE1t5WqJ

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July 15 (Reuters) - Solex Energy Ltd SOEX.NS:

• SOLEX ENERGY - SIGNING OF CONTRACT WITH RIOCONN INTERACTIVE

• SOLEX ENERGY - CONTRACT FOR PLANNING, PREPARING SOCIAL MEDIA ADVERTISING

Source text for Eikon: ID:nNSE9jwkkc

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July 11 (Reuters) - Solex Energy Ltd SOEX.NS:

• GETS ORDER WORTH 160.1 MILLION RUPEES

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July 3 (Reuters) - Solex Energy Ltd SOEX.NS:

• SOLEX ENERGY - GOT WORK ORDER WORTH 62.6 MILLION RUPEES

Source text for Eikon: ID:nNSE8Kyw4S

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July 2 (Reuters) - Solex Energy Ltd SOEX.NS:

• GETS WORK ORDER FOR 9.3 MLN RUPEES

Source text for Eikon: ID:nNSE6TnC3y

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July 1 (Reuters) - Solex Energy Ltd SOEX.NS:

• SOLEX ENERGY LTD - GETS ORDER WORTH 34 MILLION RUPEES

Source text for Eikon: ID:nNSE33M27C

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June 19 (Reuters) - Solex Energy Ltd SOEX.NS:

• RECEIVED A WORK ORDER WORTH 94.5 MILLION RUPEES

Source text for Eikon: ID:nNSE6hv8fL

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May 23 (Reuters) - Solex Energy Ltd SOEX.NS:

• SIGNING MOU WITH GMEE SC SOLAR AND ATW FOR 800 M.W CAPACITY EXPANSION

• EXPANSION WITH INVESTMENT OF 700 MILLION RUPEES OF EXISTING PLANT

Source text for Eikon: ID:nNSE15Jf8c

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April 30 (Reuters) - Solex Energy Ltd SOEX.NS:

• RECEIVED WORK ORDER WORTH 102.3 MILLION RUPEES

Source text for Eikon: ID:nNSE3Klszq

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** Shares of Solex Energy SOEX.NS rise as much as 16.8% to 720 rupees, highest since Aug. 28

** Electric utilities maker receives work order worth 129.2 mln rupees ($1.6 mln)

** More than 28,000 shares traded, 1.1x the 30-day avg

** Stock trading above 200-day simple moving avg since Jan. 3

** SOEX gained 13% so far this week

($1 = 83.0075 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru)

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Feb 8 (Reuters) - Solex Energy Ltd SOEX.NS:

• SOLEX ENERGY LTD - RECEIVED A WORK ORDER

• SOLEX ENERGY LTD - WORK ORDER FOR 129.2 MILLION RUPEES

Source text for Eikon: ID:nNSE77pPyg

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