Tipsheet
What matters at India’s listed companies
Notes / Sector

Solar Panels

13 recent notes from companies in this sector. 7 companies tracked.

Anchor companies · by market cap
Recent activity
Mon · 06 Jul
6
Solar Panels

Vikram Solar fires up Gangaikondan mega-plant, targets 9 GW cell by FY27

First Hypersol N-Type TOPCon module produced at 6 lakh sq ft fully automated facility. Roadmap includes 12 GW wafer/ingot by FY30.

VIKRAMSOLR Mid cap 10:39 AM
Mon · 29 Jun
8
Solar Panels

Insolation backs ₹347 cr guarantee for 22 solar subsidiaries

The guarantee equals 14% of market cap and over 16% of annual revenue, adding a sizable contingent liability alongside project execution progress.

INA Small cap 6:34 PM
Sun · 28 Jun
5
Solar Panels

Waaree Energies clears US probe: no Chinese cells, no adverse findings

US Customs found no evidence of Chinese-origin cells in Waaree's solar modules, limiting its determination to a narrow subset of historical entries. The company says the clarification has no impact on its U.S. operations or financials.

WAAREEENER Large cap 12:14 PM
Wed · 24 Jun
5
Order Wins · Solar Panels

Vikram Solar gets NCLAT stay on ₹9.44 cr insolvency claim

Appellate tribunal halts CIRP over a tiny trade payable. Company, with ₹4,802 cr revenue and zero debt, says financial health is strong.

VIKRAMSOLR Mid cap 8:17 PM
Mon · 15 Jun
5
Solar Panels

Emmvee's manufacturing chief quits, internal successor named

CMO N Devendiran resigns effective June 15; GM Dinesh B Shenoy takes over. Change seen as non-disruptive.

EMMVEE Large cap 6:55 PM
Wed · 27 May
6
Solar Panels

Insolation Energy cuts FY28 target by ₹3,000 cr, delays plant ramp

The solar firm now wants ₹5,000 cr in revenue for FY28, down from ₹8,000 cr-plus. Full capacity at its new cell plant slips three months to Q1 FY28.

INA Small cap 4:50 PM
Mon · 25 May
5
Earnings · Solar Panels

Insolation Energy reports revenue growth of 99.87% for Q4

The company confirmed its audited Q4 and FY26 results in a press release, reiterating growth figures already disclosed to the market.

INA Small cap 10:05 PM
6
Solar Panels

Alpex Solar reverses course, will build ingot plant after all

Management scrapped a backward-integration plan only to announce a 5 GW ingot and wafer facility by FY30, with a pilot coming in April 2027.

ALPEXSOLAR Small cap 3:18 PM
Fri · 22 May
6
Earnings · Solar Panels

Fujiyama Power targets ₹3,900 cr revenue for FY27

Management expects 50% top-line growth backed by a new Ratlam facility, while planning a ₹350 cr investment in TOPCon solar cells.

UTLSOLAR Mid cap 4:48 PM
6
Earnings · Solar Panels

Swelect Energy's profit quadruples as solar surges, standalone shrinks

Consolidated profit jumped to ₹57.6 crore, driven by the solar segment, while the standalone business saw revenue decline 12.8%.

SWELECTES Micro cap 1:46 AM
6
Earnings · Solar Panels

Swelect's consolidated profit surges to ₹57.6 cr on solar growth

Consolidated net profit hit ₹57.6 cr in FY26, up from ₹14.0 cr, while standalone revenue fell 12.8%.

SWELECTES Micro cap 1:34 AM
6
Earnings · Solar Panels

Swelect's solar engine lifts group profit to ₹57.6 cr

Consolidated net profit surged from ₹14.0 crore a year ago. The standalone legacy business saw revenue drop, but profit still doubled.

SWELECTES Micro cap 1:22 AM
Wed · 20 May
5
Solar Panels

Swelect transfers 17.5 lakh subsidiary shares to Syrma SGS

The off-market move likely ties into a captive power arrangement with the added counterparty, but financial terms are undisclosed.

SWELECTES Micro cap 11:15 PM