Solar company approves definitive procurement arrangement for solar cells with minimum aggregate capacity of 300-MW from TP Solar Ltd

Alpex Solar Limited has officially announced a significant procurement agreement for solar cells with TP Solar Limited, securing a minimum aggregate capacity of 300 megawatts (MW). This strategic partnership is a crucial step for Alpex Solar, aiming to ensure long-term stability in its supply chain, facilitate manufacturing expansion, and ultimately boost its overall production capacity. The company views this as a vital move aligned with its growth objectives, expecting it to enhance future operational scalability and strengthen its market competitiveness.

This collaboration with TP Solar Limited is particularly noteworthy as it is designed to ensure an uninterrupted production flow for Alpex Solar until the company begins its own solar cell production at its Kosi Kotwan factory later this fiscal year. This tie-up will also bolster Alpex Solar's dispatch capabilities to key clients such as Solar Energy Corporation of India Limited (SECI), Central Mine Planning and Design Institute Ltd. (a subsidiary of Coal India Ltd.), National Thermal Power Corporation (NTPC), and Singareni Collieries Company Limited (SCCL). However, the actual outcomes of this agreement remain subject to various factors, including market conditions, the timely execution of supply agreements, vendor performance, and other

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 2 per cent and made a new 52-week high of Rs 1,213.90 per share from its previous closing of Rs 1,190.35 per share. The company has a market cap of over Rs 2,880 crore with an ROE of 48 per cent and an ROCE of 52 per cent. The stock has given multibagger returns of 145 per cent from its 52-week low of Rs 495 per share.

Disclaimer: The article is for informational purposes only and not investment advice.