Alpex Solar Ltd. has secured a ₹215.20 crore order for high-efficiency solar modules from a major domestic player. The six-month contract bolsters the company's order book and manufacturing capacity, reinforcing its role in India's clean energy transition. This development signals growing confidence from industry giants in Alpex Solar's capabilities and product quality, supporting its expansion plans across Uttar Pradesh and Madhya Pradesh.
Alpex Solar Ltd. has announced a significant commercial order valued at ₹215.20 crore (excluding GST) from a prominent domestic industry player. This six-month contract for high-efficiency solar modules reinforces the company's growing influence within India's expansive renewable energy sector. The deal marks a crucial milestone, underscoring the confidence large industry participants place in Alpex Solar's manufacturing capabilities and product quality.
The newly secured order is instrumental in strengthening Alpex Solar's existing order book. It aligns seamlessly with the company's strategic objectives of expanding its manufacturing capacity and deepening its relationships with domestic clients across various solar project scales, from utility-grade to commercial installations. Managing Director Ashwani Sehgal emphasized the order's role in reinforcing the company’s commitment to India's clean energy transition through reliable and scalable solar solutions.
Alpex Solar operates multiple manufacturing facilities strategically located across Uttar Pradesh and Madhya Pradesh. Its integrated portfolio encompasses solar PV modules, solar cells, comprehensive EPC solutions, solar pumps, and aluminium frames. The company is actively expanding its Greater Noida operations, with five new units planned across Greater Noida, Kosi-Kotwan in Uttar Pradesh, and Madhya Pradesh. Construction at the Kosi-Kotwan facility has notably accelerated, a key part of the ongoing solar cell and module capacity expansion.
Founded in 1993, Alpex Solar is a recognized manufacturer of various solar PV modules. The company serves as a contract manufacturer for industry leaders like Tata Power and Jakson, demonstrating its established credibility. With a market capitalization exceeding ₹2,100 crore, Alpex Solar boasts an impressive Return on Equity (ROE) of 48% and Return on Capital Employed (ROCE) of 50%. The stock has rewarded investors handsomely, delivering over 71% returns from its 52-week low of ₹495 per share.
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