Swelect Energy Systems Ltd. saw its shares jump 4% after securing orders exceeding 150 MW for its high-efficiency TOPCon Bi-facial solar PV modules. As of 10:09 AM, the shares were trading 4.17% higher at Rs 541.20.
The company’s advanced modules have passed stringent testing by TÜV and other accredited laboratories, achieving a 100% success rate. Additionally, they are undergoing Extended Reliability Testing (ERT) with third-party re-insurance support, reinforcing their long-term performance.
In a strategic financial move, Swelect has raised ₹290 crore through Non-Convertible Debentures (NCDs) in a private placement with India Infradebt Limited. The funds, backed by a portion of the company’s solar power assets, have unlocked ₹260 crore in cash collaterals. This capital will be reinvested to expand Swelect’s Independent Power Producer (IPP) portfolio, with a target of reaching 1 GW capacity by 2026-27.
Swelect Energy Systems’ stock opened at ₹540.00 today, reaching a high of ₹545.00 and a low of ₹531.05. The stock has seen significant fluctuations, with a 52-week high of ₹1,492.75 and a low of ₹461.10.
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