The first space-borne solar astronomy experiment of India, namely "Solar X-ray Spectrometer (SOXS)", was successfully launched on 08 May 2003 on board geostationary satellite GSAT-2 of India. The SOXS is composed of two independent payloads, viz. SOXS Low-Energy Detector (SLD) Payload and SOXS High-Energy Detector (SHD) Payload. The SOXS aims to study the full-disk integrated X-ray emission in the energy range from 4 keV to 10 MeV. In this paper we present the first report on the SLD instrumentation and its in-orbit performance. The SLD payload was designed and developed at the Physical Research Laboratory in collaboration with various centers of Indian Space Research Organisation (ISRO). The basic scientific aim of the SLD payload is to study solar flares in the energy range from 4 to 60 keV with high spectral and temporal resolution. To meet these requirements, the SLD payload employs state-of-the-art solid state detectors, the first time for a solar astronomy experiment, viz. Si PIN (4 -25 keV), and cadmiumzinc-telluride (4 -60 keV). With their superb high-energy resolution characteristics, SLD can observe iron and iron-nickel complex lines that are visible only during solar flares. In view of its 3.4 • FOV, the detector package is mounted on a Sun Aspect System, for the first time, to get uninterrupted observations in a geostationary orbit. The SLD payload configuration, its in-flight operation, and the response of the detectors are presented. We also present the first observations of solar flares made by the SLD payload and briefly describe their temporal and spectral mode results.