Solarworld Energy So

Solarworld Energy Solutions approved a 50:50 joint venture with Rays Power Infra to develop a 2.4 GW TOPCon solar-cell manufacturing plant at Mohasa in Madhya Pradesh. Under the Securities Subscription Agreement and Joint Venture Agreement, Solarworld agreed to invest up to ₹100 crore in equity and extend a project loan of up to ₹320 crore, with an initial equity subscription of ₹26.82 crore. The company also proposed redirecting ₹420 crore of unutilised IPO and pre-IPO proceeds from the planned 1.2 GW Pandhurana project into the joint venture, subject to shareholder approval. The new facility was estimated to cost ₹1,000 crore, with commercial production scheduled for June 2027 on a 41.3-acre site where construction had begun. Solarworld's FY26 revenue from operations was ₹1,376 crore, while its order book stood at ₹2,727.5 crore at June 30.

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Solarworld Energy Solutions approved agreements with Rays Power Infra and Rays Green Energy Manufacturing for a 50:50 joint venture to establish a 2.4 GW n-type TOPCon G12R solar-cell plant at Mohasa, Narmadapuram, Madhya Pradesh. Under the agreements, Solarworld would subscribe up to ₹100 crore of equity in Rays Green and extend a loan of up to ₹320 crore, while total project cost was estimated at ₹1,000 crore. The board also approved a proposal to redirect ₹420 crore of unutilised IPO proceeds from the planned 1.2 GW Pandhurana cell project to the new facility, subject to shareholder approval. FY26 consolidated revenue was ₹1,376 crore, of which EPC accounted for about ₹1,202 crore.

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Solarworld Energy Solutions approved a 50:50 joint venture with Rays Power Infra involving Rays Green Energy Manufacturing to develop a 2.4 GW TOPCon solar-cell plant at Mohasa in Madhya Pradesh. The company committed up to ₹100 crore in equity and a further ₹320 crore loan, while the total project cost was estimated at ₹1,000 crore. The board also approved redirecting ₹420 crore of unutilised IPO proceeds from the proposed 1.2 GW Pandhurana project into the venture, subject to shareholder approval. Rays Green recorded turnover of ₹437.63 crore in FY26 and construction at the site had commenced. Solarworld reported consolidated FY26 revenue of ₹1,376 crore, including ₹1,202 crore from EPC and ₹176 crore from manufacturing.

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Solarworld Energy Solutions entered into a securities subscription agreement and joint venture agreement with Rays Power Infra to form a 50:50 venture through Rays Green Energy Manufacturing. The venture was to develop and operate a 2.4 GW solar photovoltaic cell plant at Mohasa in Madhya Pradesh, with an estimated project cost of ₹1,000 crore. Solarworld agreed to invest up to ₹100 crore in equity and extend a loan of up to ₹320 crore. The transaction replaced the proposed use of ₹420 crore of unutilised IPO proceeds for a 1.2 GW cell project at Pandhurana, subject to shareholder approval for the change in objects. Construction had begun at the Mohasa site, with commercial production scheduled for June 2027; Solarworld reported FY26 revenue of ₹1,376 crore.

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Aug 14 (Reuters) - Solarworld Energy Solutions Ltd SOLW.NS:

• JUNE-QUARTER CONSOL NET PROFIT 95 MILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 1.68 BILLION RUPEES

Source text: [ID:]

Further company coverage: SOLW.NS

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May 26 (Reuters) - Solarworld Energy Solutions Ltd SOLW.NS:

• SOLARWORLD ENERGY SOLUTIONS MARCH-QUARTER CONSOL NET PROFIT 490.6 MILLION RUPEES

• SOLARWORLD ENERGY SOLUTIONS MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 5.92 BILLION RUPEES

• SOLARWORLD ENERGY SOLUTIONS LTD - APPOINTS KARTIK TELTIA AS CHAIRMAN

Further company coverage: SOLW.NS

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April 1 (Reuters) - Solarworld Energy Solutions Ltd SOLW.NS:

• GETS ORDER WORTH 2.68 BILLION RUPEES

Source text: ID:nNSE5hb5YY

Further company coverage: SOLW.NS

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March 30 (Reuters) - Solarworld Energy Solutions Ltd SOLW.NS:

• GETS LOA WORTH 1.08 BILLION RUPEES

Source text: ID:nnAZN4SNYR9

Further company coverage: SOLW.NS

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Jan 28 (Reuters) - Solarworld Energy Solutions Ltd SOLW.NS:

• SOLARWORLD ENERGY SOLUTIONS DEC-QUARTER CONSOL NET PROFIT 492.2 MILLION RUPEES

• SOLARWORLD ENERGY SOLUTIONS DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 5.78 BILLION RUPEES

Source text: ID:nFWN3YS1AM

Further company coverage: SOLW.NS

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** Shares of Solarworld Energy Solutions SOLW.NS jump 10.4% to 292 rupees

** Solar solutions co wins 7.25 bln rupees ($80.6 mln) order from NTPC Renewable Energy for development of 250 MW solar project

** Trading vols at 4.4 mln shares so far, over 32x the 30-day average

** SOLW down ~25% from trading debut open price on September 30

($1 = 89.9725 Indian rupees)

(Reporting by Vijay Malkar)

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