Energy sector company Solex Energy made deal with SBI. Stock Rallies Like Multibagger.

As part of this collaboration, SBI will provide loans up to Rs 10 crore under its ‘Surya Shakti Solar Finance Scheme’, facilitating customers’ transition to sustainable energy and reducing electricity costs.

Chairman Chetan Shah’s Vision

Chetan Shah, Chairman and Managing Director of Solex Energy, emphasized that the partnership aims to make solar energy both accessible and affordable. He believes this initiative will play a crucial role in advancing India’s renewable energy landscape.

Solex Energy will offer comprehensive support, from site assessments to necessary government approvals, ensuring smooth execution of solar projects. SBI will simplify the loan application process through its digital platform.

Stock Performance Overview

Solex Energy’s shares experienced a decline recently, closing at Rs 1,327, down 1.57%. The stock hit a low of Rs 1,287.15 during trading. Earlier in 2024, it reached a 52-week low of Rs 332, while peaking at Rs 1,717.10 in October 2024. The broader market also faced significant downturns, impacting both Sensex and Nifty indexes.