Multibagger Solar Panel Company Bags Prestigious Orders Worth Rs 247.96 Crore And Rs. 33.72 Crore From Leading PSUs Respectively
The company has a market cap of over Rs 2,000 crore with an ROE of 26 per cent and an ROCE of 27 per cent.
Alpex Solar Limited has secured two significant orders, totalling Rs 281.68 crore, from prominent public sector undertakings (PSUs) for the supply of solar panels. The first order, valued at Rs 247.96 crore, is from PSU I and involves the supply of PV modules for a domestic project scheduled to be completed by February 2025. The second order, worth Rs 33.72 crore, is from PSU II and entails the supply of PV modules for a commercial project to be finished by December 2024. These orders underscore Alpex Solar's position as a leading player in the solar energy sector and highlight its commitment to delivering innovative and sustainable solutions.
About the Company
Alpex Solar Limited, established in 1993, is a prominent player in the solar energy industry, specializing in the manufacturing of solar panels using monocrystalline and polycrystalline cell technologies. The company operates in two primary business divisions: solar panel manufacturing and EPC (Engineering, Procurement and Construction) of solar water pumps.
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In its solar panel manufacturing division, Alpex Solar produces high-quality solar photovoltaic (PV) modules for both B2B customers and as a contract manufacturer for leading companies like Luminous, Jakson, and Tata Power. With a manufacturing capacity of 450 MW, the company has a strong foothold in the solar panel market. Additionally, Alpex Solar leverages its in-house solar panels to offer EPC services for AC/DC solar water pumps, having successfully installed over 4000 such systems. The company's commitment to quality is evident through its certifications, including ISO 14001, ISO 45001 and ISO 9001 and its manufacturing facilities are strategically located across India. Alpex Solar's backward integration plans, including setting up an aluminium frame manufacturing facility, demonstrate its strategic approach to growth and sustainability.
The company has a market cap of over Rs 2,000 crore with an ROE of 26 per cent and an ROCE of 27 per cent. The stock gave multibagger returns of 249 per cent from its 52-week low of Rs 235 per share. Investors should keep an eye on this solar stock.
Disclaimer: The article is for informational purposes only and not investment advice.