Solex Outlines Growth at 12th AGM, Targets ₹4,500 Cr Revenue by FY28

Solex Energy Limited held its 12th Annual General Meeting, outlining a significant expansion roadmap. The company reported strong FY26 financials with ₹16,211 million revenue (143.9% YoY growth), ₹1,867 million EBITDA, and ₹983 million PAT, alongside order visibility exceeding ₹34,000 million. Solex is transitioning to an integrated renewable energy platform, expanding into solar cell manufacturing and Battery Energy Storage Systems (BESS). The company plans an investment of approximately ₹4,000 crore between FY27 and FY30 to establish 2.2 GW solar cell capacity by FY28 (scaling to 5.2 GW by early FY29) and 5 GWh BESS capacity by FY29. Solex targets a revenue potential of over ₹4,500 crore by FY28 and is also expanding internationally with Solex Europe and Solex USA.