A leading solar panel company has secured a significant contract from the Bihar government, worth ₹160,092,702, to supply smart solar street lights. This order highlights the government’s focus on sustainable and energy-efficient public infrastructure solutions. The advanced solar street lights are expected to offer substantial energy savings, lower maintenance costs, and improved performance over traditional lighting options.
Solex Energy Limited: A Renewable Energy Company
Solex Energy Limited recently secured two significant contracts in the renewable energy sector. Let’s delve into the details:
- Solar Street Lights in Supaul District, Bihar:
- Solex received a work order under the “Mukhyamantri Gramin Solar Street Light Yojna” to install 5,220 Smart Solar Street Lights in Supaul District, Bihar.
- The contract is valued at Rs. 16,00,92,702, inclusive of all duties and taxes.
- The scope includes design, supply, installation, testing, and commissioning of the solar street light system.
- Additionally, Solex will manage the system through a CMS for five years, including RMS.
- 2 MW Solar Ground Mount Power Plant in Surat:
- Vishwaprem Dyg. Mills Pvt Ltd awarded Solex a domestic contract worth Rs 6,25,90,000.
- The project involves installing a 2 MW Solar Ground Mount Power Plant.
- The total value, inclusive of taxes, is Six Crore Twenty-Five Lakhs Ninety Thousand.
- Solex must complete the project within six months as per the order’s terms and conditions.
About Solex Energy Ltd:
- Solex Energy Ltd specializes in manufacturing solar panels, solar lanterns, street lights, water pumps, and inverters.
- Beyond manufacturing, they offer comprehensive solar solutions to residential, commercial, and governmental clients.
- Their services include designing, procuring, and constructing solar power plants.
Stock Performance:
- Solex Energy Ltd’s stock (NSE) closed at Rs 1,433.10 on July 15, 2024.
- The stock has shown remarkable growth, with multibagger returns of 126% in one year and a staggering 2,450% in three years.