SWELECT Secures 150 MW Solar Module Orders & Raises ₹290 Crore; Stock Hits 5% Upper Circuit

Summary:

SWELECT Energy Systems Limited has secured orders exceeding 150 MW for its high-efficiency TOPCon Bi-facial solar PV modules. The company has also raised ₹290 crore through Non-Convertible Debentures (NCDs) via a private placement with India Infradebt Limited. The funds will be reinvested to scale up SWELECT’s Independent Power Producer (IPP) portfolio to 1 GW by 2026-27.

Stock Performance:

  • SWELECT Energy Systems Limited 's stock hit the 5% upper circuit, surging to ₹545.50 from the previous close.
  • Previous Close: ₹519.55


Key Data Points:

✔ Order Secured: 150 MW of solar modules.
✔ Fundraising Amount: ₹290 crores.
✔ Application of Funds: To reinvest to scale up SWELECT’s IPP portfolio to 1 GW by 2026-27.

About the Company

Established in 1984, SWELECT Energy Systems Limited is a leading solar power solutions company with a robust presence in the global energy market. SWELECT specializes in the manufacturing of solar photovoltaic (PV) modules, power conditioning units, and offers comprehensive engineering, procurement, and construction (EPC) services.




Disclaimer:

The information provided on Bharat Stock News is for educational and informational purposes only. We do not provide financial or investment advice. Readers are advised to consult with a SEBI-registered financial advisor before making any stock market decisions. Bharat Stock News is not responsible for any financial losses.


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