Introduction: 1. Solax Energy Limited has recently received three big projects, the total value of which is around Rs 50 crore. 2. Solax Energy shares have given a multibagger return of more than 170% in the last 6 months. 3. The total income of the company in the fourth quarter of FY 2024 was Rs 273 crore.
Solax Energy Limited, which manufactures solar panels and other renewable energy equipment as well as sets up solar power plants on an engineering, procurement and construction (EPC) basis, has recently received three big projects. Two of these are from Surat companies, one of which is to build a 2 MW and the other a 2.4 MW solar ground mount power plant. The third and the largest project, which is of 10 MW, has also been given to a Surat company. The total cost of these three projects is about Rs 50 crore.
The stock market is also booming
Solax Energy shares closed at Rs 1464.60 on Friday, taking the company's market value to Rs 1171.68 crore. Moreover, the stock has given a multibagger return of over 170% in the last 6 months!
The company has made excellent earnings in the last few months
Solax Energy's total income stood at Rs 273 crore in the fourth quarter of FY 2024. Annually, the company has earned Rs 366 crore this year, which is much higher than last year.
About the Company
Solax Energy manufactures products such as mono/multi-crystalline solar photovoltaic modules, solar lanterns, solar streetlights, solar water pumps and solar inverters. It provides solar energy solutions to homes, shops, factories and government and non-government organizations.
