Solar modules manufacturer receives order worth Rs 345,00,00,000 from a Leading Industry Player

Alpex Solar Limited has secured a significant domestic order valued at Rs 345,00,00,000 (excluding GST) from an unnamed "Leading Industry Player" for the supply of solar modules. The company announced that the project will be completed by March 2026. This commercial order underscores Alpex Solar's role in India's growing renewable energy sector, as it is a domestic entity providing key components for solar projects.

Earlier, the company received a domestic order worth approximately Rs 70 crore from Maharashtra State Electricity Distribution Company Ltd (MSEDCL). This prestigious commercial order falls under the "Magel Tyala Saur Krushi Pump" scheme and is for the supply of 2,894 Solar Water Pumps. The project is scheduled to be completed within 60 days from the date of the work order.

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.

The company has a market cap of over Rs 3,200 crore with an ROE of 48 per cent and an ROCE of 52 per cent. The stock has given multibagger returns of over 170 per cent from its 52-week low of Rs 495 per share.

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