Core Insights - Solex Energy plans to raise ₹500 crore in equity through a qualified institutional placement (QIP) and ₹1,000 crore in debt to fund its expansion [4] - The company has migrated to the main board of the National Stock Exchange with a market capitalization of approximately ₹1,600 crore [4] Investment Plans - Solex will invest ₹1,400 crore to establish a 2.2 GW solar cell manufacturing facility and expand its existing module capacity by 2.5 GW [2][4] - The solar cell facility is projected to cost ₹1,200 crore and is expected to be completed by March 2027, with all necessary land, regulatory approvals, and technology partnerships already secured [2][4] - The expanded module facility will require ₹200 crore and is anticipated to be operational a few months prior to the new cell plant [2][4] Capacity Expansion - Currently, Solex has an operational module manufacturing capacity of 4 GW and aims to increase this to 10 GW of module capacity and 10 GW of cell capacity by 2030 [3][4] - The total planned investment for this expansion is $1.5 billion [3]
Solex Energy targets Rs 500 crore QIP: Chairman
The Economic Times·2025-10-29 12:43