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Filed: 07 Sep 2026, 22:54 IST Exchange: NSE Category: Merger/Acquisition — Joint Venture Formation
Solarworld Energy Solutions approved a joint venture with Rays Power Infra to form Rays Green Energy Manufacturing for a 2.4 GW solar PV cell plant in Madhya Pradesh. The company will hold 50% equity by investing up to ₹100 crore and extend a loan up to ₹320 crore. This JV replaces prior plans to invest in a subsidiary for a 1.2 GW plant. The trading window is closed from Sep 7, 2026 until 48 hours after the AGM voting results. The 13th AGM notice will be issued soon.
Source: Original filing PDF — view on exchange portal
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🚨 SOLARWORLD — Quarterly Results
Revenue: ₹2,35,800 Cr (+12% YoY)
PAT: ₹19,200 Cr (+17% YoY)
EBITDA margin: 16.8%
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Important. The summary above is generated automatically from Solarworld Energy Solutions Limited's own public regulatory filing under SEBI LODR. Indian Stock Alerts is not a SEBI-registered Research Analyst or Investment Adviser. This page is informational, not investment advice, a recommendation to buy or sell any security, or any opinion about the company's business, governance or financial health. Always read the original filing before acting and consult a registered adviser for investment decisions.