SYNOPSIS: Company commissioned a 110/33 kV substation with a 50 MVA transformer to support a 50 MW solar project in Villupuram, enhancing grid connectivity and strengthening renewable energy infrastructure capabilities.
During Friday’s trading session, shares of one of the leading names in India’s renewable energy sector and a UPS and power protection systems leader, surged nearly 3 percent on BSE, after the company announced the commissioning of a substation with new transformer capacity.
With a market cap of Rs. 984 crores, shares of Swelect Energy Systems Limited are currently trading in the green at Rs. 648.95 on BSE, up by over 1 percent, compared to its previous closing price of Rs. 639.95. The stock has delivered positive returns of around 19 percent in one year, and has gained by over 21 percent in just one month.
What’s the News
As per its latest disclosure to the stock exchanges, Swelect Energy Systems Limited has successfully commissioned a newly constructed 110/33 kV Pooling Substation (PSS) to support its renewable energy operations.
The substation is equipped with a 50 MVA, 110/33 kV power transformer and has been connected to the Sirungattur 110/33-11 kV substation, enabling seamless grid connectivity.
This development will facilitate efficient power evacuation for the company’s 50 MW solar power project in Villupuram, thereby strengthening its operational infrastructure in the renewable energy segment.
Previously, the company had announced a strategic initiative on 17th February, wherein its wholly owned subsidiary, Swelect Energy Systems Pte Ltd., Singapore, received Board approval to enter into a partnership with FortifyGrid LLC, USA, for the formation of a joint venture (JV) entity in Singapore.
The proposed joint venture will focus on the development of solar Battery Energy Storage System (BESS) projects, offering services such as design, engineering, procurement, off-site construction management, and project control. These projects will primarily target opportunities in Singapore and the broader ASEAN region, supporting the company’s expansion into energy storage solutions.
Financials & More
The company reported a significant growth in revenue from operations, experiencing a year-on-year increase of around 52 percent, from Rs. 91.4 crores in Q3 FY25 to Rs. 138.6 crores in Q3 FY26. Likewise, it reported a significant turnaround to a net profit of Rs. 9.5 crores from a loss of Rs. 10.6 crores.
Swelect Energy Systems Limited is engaged in the business of manufacturing and trading of solar power projects, off-grid solar photovoltaic modules, based on crystalline silicon technology (c-Si), solar and wind power generation, contract manufacturing services, installation and maintenance services, sale of solar photovoltaic (PV) inverters and energy efficient lighting systems.
The company has emerged as a leading solar power solutions company with a robust presence in the global energy market. It has three core businesses – IPP business with energy sales to C&I and govt customers, ground-mounted and rooftop EPC business, channel-driven product business under the NUMERGY brand (home, BESS solutions) for residential and commercial customers.
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