Multibagger solar stock hits all-time high after receiving an order of Rs 230 crore from a Leading Industry Player
DSIJ Intelligence-1 / 23 Jul 2025/ Categories: Multibaggers, Trending
The stock has given multibagger returns of over 150 per cent from its 52-week low of Rs 495 per share.
Alpex Solar Limited has secured a significant domestic work order worth Rs 230 crore (excluding GST) from a leading industry player for the supply of solar modules. This commercial project is scheduled for completion by March 2026. The company, Alpex Solar Limited, will execute the project according to the work order's terms, with no disclosed interest from the promoter or promoter group companies in the awarding entity.
The company has also signed a crucial procurement agreement with TP Solar Limited for a minimum of 300 MW of solar cells. This partnership is designed to stabilize Alpex Solar's supply chain, support manufacturing expansion, and ensure uninterrupted production until their own solar cell facility at Kosi Kotwan becomes operational later this fiscal year. The agreement is expected to enhance Alpex Solar's dispatch capabilities to major clients like SECI, NTPC, and SCCL.
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About the Company
Alpex Solar Ltd, established in 2008, is a prominent manufacturer of photovoltaic modules and a provider of comprehensive solar energy solutions, recognised as one of North India's largest PV Module manufacturers. The company's diverse business encompasses the manufacturing of solar PV modules, solar power plants, aluminium frames, IPP, GH2 systems, and AC/DC water pumps, alongside undertaking EPC (Engineering, Procurement, and Construction) projects. Beyond manufacturing, Alpex Solar also engages in trading various products, including circular knitting needles, yarn, air purifiers, water pumps, and solar panels, while offering a range of technical, administrative, consultancy, and financial services within the renewable energy sector, specifically for solar photovoltaic and hybrid energy systems.
On Wednesday, shares of Alpex Solar Limited surged 11.13 per cent and hit an all-time high of Rs 1,260 per share from its previous closing of Rs 1,133.80 per share. The company has a market cap of over Rs 2,960 crore with an ROE of 48 per cent and an ROCE of 52 per cent. The stock has given multibagger returns of over 150 per cent from its 52-week low of Rs 495 per share.
Disclaimer: The article is for informational purposes only and not investment advice.