The project is scheduled to be completed by March 2026.
According to the company's disclosure, the order has been awarded by a domestic entity and does not involve any related party transactions. Neither the promoters nor the promoter group or group companies have any interest in the awarding entity.
This commercial order adds to Alpex Solar’s growing portfolio in the renewable energy sector and aligns with its strategy to expand operations in the domestic solar module supply space.
Alpex Solar engaged in the business of manufacturing of solar modules and assembling of solar pumps in India.
The company reported a consolidated net profit of Rs 42.29 crore in Q1 FY26, a sharp rise from Rs 1.06 crore recorded in Q1 FY25. Revenue from operations also witnessed a substantial jump, surging 395.7% year-on-year to Rs 380.32 crore in the first quarter of FY26.