Solex Energy Limited has received approval for its solar module manufacturing facility in Surat, Gujarat, under the government’s Approved List of Models and Manufacturers (ALMM) framework. The facility, with a capacity of 3.78 gigawatts, is now recognised as an approved solar photovoltaic module manufacturing unit.
According to the company, the development “supports the company’s objective of advancing domestic manufacturing while contributing to the country’s transition towards cleaner energy sources.” The approval also enables Solex Energy to participate more actively in projects requiring ALMM-compliant solar modules.
Purpose of ALMM Framework
The Ministry of New and Renewable Energy (MNRE) came up with the ALMM framework to make sure that only high-quality solar modules and cells are used in renewable energy projects that the government supports or that are run by the public sector. The mechanism protects the interests of users, makes solar infrastructure more reliable, and helps India’s overall energy security.
Inclusion in the ALMM list allows Solex Energy to supply its modules to a wide range of central and state government solar programs, which make up a large portion of India’s utility-scale solar installations.
Plans for Expansion
Solex Energy has said that it wants to greatly increase its ability to make solar modules to about 15 gigawatts. The planned expansion will cost about ₹8,000 crore and will make the company a bigger player in India’s renewable energy manufacturing sector.
Company’s Perspective
Chetan Shah, Chairman and Managing Director of Solex Energy, stated, “The development supports the company’s objective of advancing domestic manufacturing while contributing to the country’s transition towards cleaner energy sources.”
He added that the approval recognises the company’s efforts to contribute to India’s solar manufacturing ecosystem.
Market Response
Shares of Solex Energy responded positively following the announcement. As of March 10, 2026, the stock traded at ₹883.85, up ₹42.95 or about 5.11% from the previous closing price of ₹840.90. During the trading session, the stock opened at ₹870.35, reached a high of ₹913.95, and a low of ₹865.00.
The ALMM approval for Solex Energy’s 3.78 GW facility marks an important regulatory milestone, enhancing the company’s ability to participate in domestic solar projects and reinforcing its position in India’s growing solar manufacturing sector.
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