India's Solex Energy surges on expansion plan, order win

Solex Energy

01/10/2024 05:57

** 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)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))