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Business Standard
15-05-2025
- Business
- Business Standard
Alpex Solar bags ₹1,068.84 cr orders, key tie-up with Coal India arm
Greater Noida-based Alpex Solar on Thursday said it has secured orders worth Rs 1,068.84 crore from various companies, including Coal India arm Central Mine Planning and Design Institute Ltd and Haryana Renewable Energy Development Agency. Alpex Solar, in consortium with NVNR Power & Infra Ltd, has secured a Rs 349.99 crore order from Central Mine Planning and Design Institute (CMPDIL), a subsidiary of Coal India, the company said in a statement. The project encompasses design, engineering, procurement, supply, construction, fabrication, erection, installation, testing, and commissioning of a grid-connected ground-mounted solar power plant at Nandan Washery, Kanhan area, under Western Coalfields. Alpex Solar holds a 70 per cent stake in the consortium. Under the project, the consortium will also construct a 32kV double-circuit transmission line from the main control station to the feeding substation, along with requisite bay extension works. Additionally, the company recently won a contract worth Rs 210 crore for the supply of solar modules to the Solar Energy Corporation of India. The statement said that it has won a series of significant deal wins totalling Rs 823.85 crore. Further, the company said it secured a Rs 378 crore worth order for the supply of solar PV modules to a leading industry player during the first week of May 2025. Moreover, Alpex Solar received a Rs 65.33 crore contract from the Haryana Renewable Energy Development Agency. The order involves the supply of 2,119 solar water pumps. In April 2025, the company signed another major agreement worth Rs 380.52 crore for the supply of solar modules from a prominent Indian manufacturer. "The slew of orders bagged by us in the past few months is a 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," Ashwani Sehgal, Managing Director at Alpex Solar, said.
Time of India
13-05-2025
- Business
- Time of India
Green energy boost: Haryana's solar power generation sees growth
Gurgaon: The solar-powered water pumps are turning out to be real game changers. The solarisation of irrigation pumps in Haryana is transforming the state towards sustainable energy and reducing its dependence on non-renewable sources of energy, at least in the field of agriculture. The state developed a capacity to generate around 1,300 MW of power from solar panels installed at homes and agricultural fields to light up homes and power the tubewells. Out of this, 822 MW comes from solar-powered water pumps. Haryana Renewable Energy Development Agency (HAREDA) transformed the lives of farmers by installing over 154,000 solar water pumps, each rated up to 10 BHP. An official of the energy department of Haryana said, "These pumps not only helped farmers reduce their dependency on conventional power but also decreased the overall power demand by an astounding 822.3 MW." The Centre and state govt are providing subsidies to the farmers to install solar power irrigation pumps. This helps the farmers as they don't have to depend on grid power supply for irrigation, while the govt saves lots of money — discoms purchase power at a high rate and farmers are given power at a very subsidised rate for two power distribution companies in Haryana — Dakshin Haryana Bijli Vitran Nigam (DHBVN) and Uttar Haryana Bijli Vitran Nigam (UHBVN) — purchase power for the farm sector at Rs 7.35 per unit. But farmers only pay 10 paise per unit due to a govt subsidy. This means the govt absorbs the difference, which is a significant portion of the total cost. The subsidy is around Rs 6,781 crore, covering the difference between the cost of Rs 6,841 crore and the revenue of Rs 123 crore from the subsidised tariff.A discom official said, "In the rural area, the main power consumption comes from irrigation tubewells and the tariff for this segment is almost nil due to govt subsidy." Ramavtar Yadav, a farmer from Jhajjar, who installed a solar power irrigation pump in his field in 2024, said more than the cost of electricity, it is more convenient. Ramavtar said, "Due to govt subsidy, the cost of power consumption was not an issue, but we faced problems with unreliable supply. We used to get supply only for limited hours for irrigation pumps and we planned everything accordingly. With the solar power pumps, we can run it as per our convenience."Now, Yadav is not dependent on grid supply, which is a big the other hand, rooftop solar panels have not made much progress, especially in south Haryana. UHBVN led the charge by helping install over 24,500 rooftop solar systems across homes and buildings, generating an impressive 492.1 MWp of clean energy. However, DHBVN contributed by facilitating only around 5,700 rooftop installations, adding another 25.06 MWp to the state's solar peak power demand of the state is on the rise and this summer, the peak demand is expected to cross 15,000 MW. The state generates only around 5,000 MW of power, while the rest of the demand is met through a series of long-term and short-term power purchases from multiple sources.
Business Upturn
25-04-2025
- Business
- Business Upturn
Alpex Solar secures Rs 65.33 crore order from HAREDA for 2,119 solar water pumps
By Aditya Bhagchandani Published on April 25, 2025, 15:03 IST Alpex Solar Limited has been awarded a significant order worth ₹65.33 crore by the Haryana Renewable Energy Development Agency (HAREDA) under Component-B of the PM-KUSUM Scheme. The contract involves the supply, installation, and commissioning of 2,119 solar water pumping systems. According to the official communication with exchanges, the project is classified as a domestic commercial order and is scheduled to be completed within 120 days from the issuance of the work order. The company clarified that there is no related party interest in this contract and it falls under standard arm's length arrangements. This order comes as a positive development for Alpex Solar, strengthening its position in the renewable energy segment and reinforcing its commitment to supporting sustainable agricultural practices through clean energy solutions. 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.
