Alpex Solar secures Rs 380.5 crore solar module order from leading manufacturer, project to be completed by March 2026
By Aditya Bhagchandani Published on April 23, 2025, 10:22 IST
Alpex Solar Limited has announced a significant commercial breakthrough by securing a prestigious domestic order worth Rs 380.52 crore (including GST) from a leading manufacturer. The project involves the supply of solar modules and is scheduled for completion by March 2026.
In a regulatory filing, the company stated, 'We are glad to inform that our company, Alpex Solar Limited, has been awarded with a prestigious order for the supply of solar modules amounting to Rs 380.52 crore from a leading manufacturer.'
The order, classified as a commercial contract from a domestic entity, will be executed under the standard terms of the work order. Alpex clarified that the promoter group has no interest in the awarding entity and that this does not fall under related party transactions.
This development marks another major milestone in Alpex's growth trajectory and highlights its expanding influence in India's renewable energy sector. The company continues to play a key role in advancing solar infrastructure in the country, strengthening its position as a trusted solar module supplier and EPC solutions provider.
Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Upturn
6 hours ago
- Business Upturn
Texmaco Rail & Engineering bags Rs 44 crore order from MRVC for traction-transformer works
By Aditya Bhagchandani Published on June 10, 2025, 17:34 IST Texmaco Rail & Engineering has informed the exchanges that it has won a contract worth Rs 44.04 crore from Mumbai Railway Vikas Corporation (MRVC) to supply, construct, install, test and commission traction transformers, sectioning posts (SPs) and related works for the third and fourth lines of Central Railway. In its disclosure, the company said the project involves setting up a 1×25 kV, 110/25 kV traction sub-station with 40/56 MVA AC traction transformers and two sectioning posts, together with all associated civil and electrical works. The work is entirely domestic, carries no related-party element, and must be completed within 18 months. Texmaco Rail & Engineering added that neither its promoter group nor any of its group companies holds an interest in MRVC. The order, awarded via a letter dated 9 June 2025, will be executed under the terms laid out in SEBI's November 2024 disclosure framework. This contract further strengthens the company's railway-electrification portfolio at a time when Indian Railways continues to expand high-capacity suburban corridors. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock-market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Upturn
8 hours ago
- Business Upturn
Medicines, tractors emerge as sticking points in scrapping 12% GST slab: Report
According to a Moneycontrol report, efforts to scrap the 12 percent Goods and Services Tax (GST) slab have run into resistance, with medicines and tractors emerging as key sticking points due to their socio-economic impact and potential revenue implications. Sources told Moneycontrol that while there is consensus to eliminate the 12 percent GST bracket entirely, states are grappling with the potential revenue loss, estimated at Rs 3,000–4,000 crore, particularly if essential items like medicines and tractors are shifted to lower or exempted tax brackets. In order to rationalise the GST structure, most items under the 12 percent slab are proposed to be shifted either to the 5 percent or 18 percent categories. However, Moneycontrol reports that medicines—including allopathic, ayurvedic, homeopathic, veterinary drugs, diagnostic kits, and surgical dressings—pose a revenue risk if moved to the 5 percent slab. This change would add significantly to the shortfall. According to Moneycontrol , tractors also complicate the equation. As agricultural equipment, they cannot be taxed at 18 percent, and the prevailing recommendation is to exempt them altogether—without input tax credit (ITC)—to avoid tax inversion. Tax inversion, as explained in the report, occurs when the tax rate on inputs is higher than on final goods, leading to unutilised ITC and affecting business cash flow. A government official told Moneycontrol , 'There is consensus on removal of the 12 percent slab, but a Rs 3,000-4,000 crore revenue loss has to be made up from some other items. Most items can be moved out, but these two – medicines and tractors – are the sticking point.' To bridge this gap, the GST Council has considered increasing taxes on luxury items like high-end footwear and premium goods. But Moneycontrol cites government sources as saying that the low consumption in these segments means they cannot compensate for the anticipated shortfall. 'On luxury goods like high-end shoes, it was discussed to increase tax to compensate for this revenue loss, but consumption is low and is not covering the Rs 4,000 crore gap,' the source said. As per Moneycontrol , this creates a delicate balancing act for the Council. Medicines are considered essential and a hike would impact affordability and accessibility, especially for low-income families. Tractors are similarly vital for the agricultural sector and any cost escalation would burden farmers. The long-standing goal of GST reform is to simplify the rate structure. According to Moneycontrol , a three-rate structure—5 percent, 18 percent, and 28 percent (for demerit goods)—remains under serious consideration, but reconciling it with economic realities remains challenging.
Business Upturn
8 hours ago
- Business Upturn
Z-Tech (India) secures Rs 17.7 crore Creative Park construction project in Gandhi Nagar
By Aditya Bhagchandani Published on June 10, 2025, 14:55 IST Z-Tech (India) Limited has announced the receipt of a significant construction contract for a Creative Park project in Gandhi Nagar. The total value of the order stands at Rs 17,71,99,885 (excluding GST), according to the company's disclosure under SEBI's Listing Obligations and Disclosure Requirements (LODR) regulations dated June 10, 2025. The company stated that this project marks a key milestone in its expansion into high-value infrastructure contracts and showcases its execution capability in the public development sector. In addition, Z-Tech reaffirmed its earlier project engagement with Nagar Palika Parishad, Auraiya, Uttar Pradesh. The project involves building a park integrated with hotel and banquet facilities, signalling its focus on comprehensive infrastructure development. Z-Tech expressed confidence that these developments would positively contribute to the company's long-term growth. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
