Alpex Solar Ltd.
NNSE:ALPEXSOLAR713.00
INR
-30.40
(-4.09%)
ISIN
INE0R4701017
Return %
Stock
S&P 500
1Y
-37.43
14.20
3Y
- -
81.12
5Y
- -
68.34
Capital Structure
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INR
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in mil. unless spec.Growth Rates
INR
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in mil. unless spec.Quarterly Revenue
INR
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
INR
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in mil. unless spec.Company Description
- CEO
- Aditya Sehgal
- Full Time Employees
- 379
- Sector
- Electronic technology
- Industry
- Semiconductors
- Address
- B-26, Sitapura Industrial Area Greater Noida UP India 302022
- IPO Date
- Feb 15, 2024
- Website
- alpexsolar.com
- Similar Companies
- Business
- Alpex Solar Limited (NSE: ALPEXSOLAR) designs, manufactures, and sells photovoltaic (PV) modules and provides solar energy solutions primarily in India. The company produces a range of solar PV modules including bifacial, mono PERC, half-cut, Topcon, monocrystalline, and polycrystalline variants; offers engineering, procurement, and construction (EPC) services for surface- and submersible-class DC/AC solar pumps; supplies aluminum frames and junction boxes; and delivers large-scale power plants, distributed PV power plants, and household PV solutions. Alpex Solar operates from manufacturing facilities in Greater Noida with a current capacity of 1.2 GW, expanding to 2.4 GW, and maintains additional segments in import and trading of circular knitting needles and related items. Incorporated in 1993 and headquartered in Noida, India, the company targets utility-scale projects, industrial clients, government agencies, and residential customers across domestic markets. In recent developments, Alpex Solar completed its initial public offering (IPO) on NSE Emerge in February 2024 to fund expansion of its solar module manufacturing capacity by 750 MW, establishment of an aluminum frame unit, working capital, and general corporate purposes. The company secured multiple major contracts in 2025, including a ₹349.99 crore EPC order as part of a consortium with NVNR Power & Infra Ltd (holding 70% stake) from Central Mine Planning and Design Institute Ltd (CMPDIL), a Coal India subsidiary, for a 70 MW solar plant; a ₹210 crore solar module supply contract from Solar Energy Corporation of India (SECI); a ₹378 crore PV module order from a leading industry player; a ₹380.52 crore module supply deal with a major Indian manufacturer; and a ₹65.33 crore contract from Haryana Renewable Energy Development Agency (HAREDA) for 2,119 solar water pumps, totaling over ₹1,068 crore in new orders. These wins underscore Alpex Solar's growing EPC capabilities and position in India's renewable energy sector.