Solex Energy Share Price in Focus as Company Signs MoU for ₹4,000 Crore Solar and BESS Project in Gujarat

 Solex Energy share price is expected to remain in focus after the company entered into a Memorandum of Understanding (MoU) with the Government of Gujarat to set up large-scale solar manufacturing and energy storage facilities. 

MoU Signed With Gujarat Government 

Solex Energy Limited has entered into an MoU with the Government of Gujarat for establishing a solar photovoltaic cell manufacturing facility and a battery energy storage system (BESS) project in the state.  

The agreement has been executed directly with the state government, which has no shareholding or financial relationship with the company.  

Project Scope And Capacity Details 

The company plans to set up a 5 GW solar cell manufacturing plant, which will be developed in two phases: 2 GW in Phase I and 3 GW in Phase II.  

Additionally, Solex Energy will establish a 10 GW battery energy storage system (BESS) facility as part of the project.  

Investment And Execution Plan 

The total estimated project cost, including land and building, is around ₹4,000 crore.  

The MoU has been signed to facilitate the development of large-scale renewable energy manufacturing infrastructure in Gujarat. 

Strategic Rationale 

The project aligns with the company’s expansion strategy in solar manufacturing and energy storage, sectors that are seeing increasing demand amid India’s renewable energy push. 

The addition of BESS capacity alongside solar manufacturing also strengthens the company’s positioning across the renewable energy value chain. 

Operational And Regulatory Impact 

The MoU does not result in any change in management control or ownership structure of the company.  

Further, the agreement does not impose any financial liabilities or binding monetary obligations at this stage.  

Read More: Solex Energy’s 3.78 GW Solar Module Facility Receives ALMM Approval from MNRE! 

Solex Energy Share Price Performance 

As of 05 May 2026, at 10:24 AM, Solex Energy share price is trading at ₹1,320.80 per share, reflecting a surge of 0.08% from the previous closing price. 

Conclusion 

The ₹4,000 crore renewable energy project marks a significant capacity expansion for Solex Energy, supporting its long-term growth in solar and energy storage segments. 

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