Gujarat-based solar module manufacturer, Solex Energy, has reported a 52% year-over-year (YoY) revenue growth of ₹4.15 billion (~$46.83 million) in the first half (1H) of the financial year (FY) 2026, from ₹2.73 billion (~$30.81 million).

The growth was driven by expansion across its manufacturing and engineering, procurement, and construction business, an increase in demand across both domestic and international markets, and a rapidly expanding project portfolio.

Solex said it is diversifying its customer portfolio, serving government agencies, public sector undertakings, corporate clients, and global partners across more than 20 Indian states and several international markets.

On October 8, 2025, Solex Energy completed its migration from the NSE Emerge platform to the NSE main board.

The company operates a fully automated 4 GW solar manufacturing facility at Tadkeshwar, near Surat in Gujarat. It said the facility integrates advanced robotics, precision engineering, and quality systems to manufacture high-efficiency solar modules with power ratings of more than 600 W.

During FY 2026, Solex commenced commercial production of 800 MW at this facility, increasing its total operational capacity to 1.5 GW. It has also launched a 2.5 GW expansion project, which is currently in the testing phase. Additionally, Solex plans another 2.5 GW expansion by the end of FY 2026, which will increase its total installed capacity to 6.5 GW.

The company plans to achieve 10 GW of solar module and 10 GW of solar cell manufacturing capacity by 2030. It is also exploring upstream integration through wafer and ingot manufacturing to establish a fully integrated solar value chain in India.

Solex stated that its long-term strategy involves investments exceeding $1 billion.

In May this year, Solex Energy added 767 MW solar module manufacturing capacity under the Ministry of New and Renewable Energy’s updated approved list of models and manufacturers.

In April, Solex Energy announced an expansion of its 1.5 GW module manufacturing plant in Tadkeshwar, Gujarat, with a new 2.2 GW solar module production line.