Rs 1,800 crore order book: Solar Modules Manufacturer Secures Rs 215.20 Crore Commercial Order
DSIJ Intelligence-2Categories: Mindshare, Trending
The stock has given returns of over 71 per cent from its 52-week low of Rs 495 per share.
Solar-ltd-312928">Alpex Solar Ltd, a leading manufacturer of high-precision solar PV modules and solar systems, has secured a significant commercial order worth Rs 215.20 crore (excluding GST) from a prominent domestic industry player. The six-month order involves the supply of high-efficiency solar modules and underscores the company’s growing role in India’s renewable energy value chain.
Commenting on the development, Managing Director Ashwani Sehgal said the order marks an important milestone for the company and reflects the confidence of large industry players in Alpex Solar’s manufacturing capabilities, product quality and execution strength. He added that it reinforces the company’s commitment to supporting India’s clean energy transition through reliable and scalable solar solutions.
The latest order strengthens Alpex Solar’s Order Book and aligns with its long-term strategy of expanding manufacturing capacity while deepening engagement with domestic customers across utility-scale and commercial solar projects.
Alpex Solar currently operates multiple manufacturing facilities across Uttar Pradesh and Madhya Pradesh, offering an integrated portfolio that includes solar PV modules, solar cells, EPC solutions, solar pumps and aluminium frames. Its Greater Noida operations are set to expand with five new units across Greater Noida, Kosi-Kotwan in Uttar Pradesh, and Madhya Pradesh. Notably, Construction at the Kosi-Kotwan facility has accelerated as part of the company’s ongoing solar cell and module capacity expansion.
Founded in 1993 by first-generation entrepreneurs Ashwani Sehgal, Monica Sehgal and Vipin Sehgal, Alpex Solar is a premier manufacturer of monocrystalline and polycrystalline solar PV modules, including Topcon, bifacial, mono-PERC and half-cut modules. The company also specializes in EPC solutions for solar energy systems and maintains a strong presence in both surface and submersible solar pumps.
Alpex serves as a contract manufacturer for Tata Power and Jakson, and has completed projects for EPC players including Solarworld, BVG, HAREDA and PEDA. In 2007, the company launched a state-of-the-art 150,000 sq. ft. Greater Noida facility, which today supports its scaling operations. The company currently employs more than 400 professionals and leverages strong R&D capabilities and sectoral expertise to deliver high-performance and reliable solar products. Alpex Solar was listed on the NSE Emerge platform in February 2024.
The company has a market cap of over Rs 2,100 crore with an ROE of 48 per cent and an ROCE of 50 per cent. The stock has given multibagger returns of over 71 per cent from its 52-week low of Rs 495 per share.
Disclaimer: The article is for informational purposes only and not investment advice.