Solex Energy Limited has received approval for its solar module manufacturing facility in Surat under the government’s Approved List of Models and Manufacturers (ALMM) framework.
The approval from the Ministry of New and Renewable Energy confirms that the company’s solar modules meet the required standards for use in domestic projects.
The development supports India’s broader effort to strengthen local solar manufacturing and energy security.
Solex Energy announced that its solar module manufacturing facility with a capacity of 3.78 gigawatts has been included in the government’s Approved List of Models and Manufacturers (ALMM).
The plant, located in Surat, Gujarat, has now been recognised as an approved solar photovoltaic module manufacturing unit.
The inclusion means that modules produced at this facility are eligible for use in various government-backed solar power projects across India.
The ALMM mechanism was introduced by the Ministry of New and Renewable Energy (MNRE) to regulate the quality and reliability of solar photovoltaic modules and cells used in the country.
The framework aims to ensure that only approved manufacturers and models are used in projects supported by government policies and schemes.
This process is intended to safeguard the interests of users while supporting the reliability of solar infrastructure and the broader energy security of India.
According to the company’s management, the approval highlights its efforts to contribute to the expansion of India’s solar manufacturing ecosystem.
Solex Energy’s Chairman and Managing Director Chetan Shah stated that the development supports the company’s objective of advancing domestic manufacturing while contributing to the country’s transition towards cleaner energy sources.
The recognition also enables the company to participate more actively in projects requiring ALMM-compliant solar modules.
Solex Energy has outlined plans to significantly increase its solar module production capacity in the coming years. The Gujarat-based company is targeting an expansion of its manufacturing capacity to around 15 gigawatts.
The proposed expansion is expected to involve an investment of approximately ₹8,000 crore and could strengthen the company’s role in India’s renewable energy manufacturing sector.
Shares of Solex Energy showed gains in the market following the development. As of March 10, 2026, the company’s stock traded at ₹883.85, marking an increase of ₹42.95 or about 5.11% from the previous closing price of ₹840.90.
During the trading session, the stock opened at ₹870.35 and reached a high of ₹913.95, while the day’s low stood at ₹865.00.
The ALMM approval for Solex Energy’s 3.78 GW solar module facility represents a regulatory milestone for the company’s manufacturing operations.
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Published on: Mar 10, 2026, 1:45 PM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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