Latest news with #Alpex
Time of India
15-05-2025
- Business
- Time of India
Alpex Solar-led consortium bags ₹349.99 crore EPC contract from Coal India arm
New Delhi: Greater Noida-based Alpex Solar Ltd, in consortium with NVNR Power & Infra Ltd, has secured a ₹349.99 crore engineering, procurement and construction (EPC) contract from Central Mine Planning and Design Institute Limited (CMPDIL), a subsidiary of Coal India Limited. Alpex holds a 70 per cent stake in the consortium. The project involves design, engineering, procurement, supply, construction and commissioning of a grid-connected ground-mounted solar power plant at Nandan Washery in the Kanhan area under Western Coalfields Limited (WCL). The scope also includes construction of a 32kV double-circuit transmission line from the main control station to the feeding substation, along with bay extension works. The power generated will be used to supply various load centres within WCL through open access for captive consumption. Alpex Solar, which is listed on NSE Emerge, has announced multiple orders in recent months. These include a ₹210 crore order for supplying solar modules to Solar Energy Corporation of India (SECI), a ₹378 crore module supply contract to a leading industry player in May 2025, and a ₹65.33 crore order from Haryana Renewable Energy Development Agency (HAREDA) under the PM-KUSUM scheme for supplying 2,119 solar water pumps. In April 2025, Alpex secured a ₹380.52 crore order from a prominent Indian manufacturer for solar module supply. 'As one of the leading manufacturers of integrated solar systems, it has been our constant endeavour to provide cutting-edge solutions to companies operating in the renewable energy space. The slew of orders bagged by us in the past few months is testament to our comprehensive capabilities and commitment to excellence. Furthermore, with our recent order win, we have solidified our position as a formidable EPC player in the solar sector. The new order from CMPDIL is a testament to our exemplary efforts, ensuring that we continue to refine our capabilities to cater to the integrated opportunity ecosystem of solar energy, from manufacturing cells, modules, and frames to EPC services. We continue to be committed to creating value for our stakeholders – and building a globally-reputed institution going forward,' said Ashwani Sehgal, Managing Director, Alpex Solar. Alpex manufactures photovoltaic (PV) modules using both monocrystalline and TopCON cell technologies and offers EPC services for AC/DC solar pumps in both surface and submersible categories. The company recently incorporated a subsidiary, Alpex GH2 Private Ltd (AGPL), to enter the green hydrogen business .
Business Upturn
23-04-2025
- Business
- Business Upturn
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.
