Alpex Solar Limited (NSE Emerge: ALPEXSOLAR), India’s leading manufacturer of solar systems, today announced that it has received prestigious orders for the supply, installation, and commissioning of 500 solar water pumping systems from the Jharkhand Renewable Energy Development Agency (JREDA). JREDA is a government agency under the Department of Energy. The orders were received under the Pradhan Mantri Kisan Urja Suraksha Evam Utthaan Mahabhiyan Yojana (PM-KUSUM Scheme).
In March this year, Greater Noida-based Alpex Solar also bagged multiple orders worth Rs 43.70 crore in Haryana under the PM-KUSUM scheme. The company is also empanelled and approved for the installation of solar water pumps in the state of Rajasthan.
The company manufactures PV modules using monocrystalline and polycrystalline cell technologies. Its product portfolio comprises bifacial, mono-perc, and Halfcut solar PV modules. It also offers comprehensive solar energy solutions, including engineering, procurement, and construction (EPC) of AC/DC Solar Pumps in both Surface and Submersible categories.
Speaking on the new orders, Ashwani Sehgal, Managing Director, Alpex Solar Limited, said, “The new order for supply, installation and commissioning of 500 Solar Water Pumping Systems from Jharkhand Renewable Energy Development Agency is a testimony to the company’s steadfast commitment to priorities the solar water pumps business and its proven track record. We aim to be one of the market leaders in this segment and are actively looking to expand our footprint across various regions of the country.”
“The installation of solar pumps in rural areas will help boost the local economy and ensure a more sustainable way of development by focusing on green energy. This will not only help improve the productivity of food grains and other crops but will also help empower the farmer community at large, thereby bringing a more meaningful change in the rural hinterland of the country,” Ashwani added.
Govt of India’s flagship scheme, Pradhan Mantri Kisan Urja Suraksha Evam Utthaan Mahabhiyan (PM-KUSUM), is aimed at ensuring energy security for farmers in India, along with honouring India’s commitment to increase the share of installed capacity of electric power from non-fossil-fuel sources to 40% by 2030 as part of Intended Nationally Determined Contributions (INDCs). Under the Component-B of the scheme, individual farmers will be supported in installing standalone solar agriculture pumps of capacity up to 7.5 HP for replacement of existing diesel agriculture pumps / irrigation systems in off-grid areas where grid supply is not available. Pumps of capacity higher than 7.5 HP can also be installed.
Recently, the Board of Directors of Alpex Solar also accorded consent to the allotment of 25,873.27 sq. mtr. (~7 acres) of land by the Uttar Pradesh State Industrial Development Authority (UPSIDA) at Kosi Kotwan (on National Highway 19) in Mathura at an estimated sum of Rs 15.04 crore. The land parcel would be used to set up a manufacturing facility for solar panels and modules and would receive the due approval of all the authorities at an appropriate time.
Alpex Solar was incorporated in 1993 by first-generation entrepreneurs Ashwani Sehgal, Monica Sehgal, and Vipin Sehgal and manufactures PV modules using monocrystalline and polycrystalline cell technologies. Its product portfolio comprises bifacial, mono-perc, and Halfcut solar PV modules. It also offers comprehensive solar energy solutions, including engineering, procurement, and construction (EPC) of AC/DC Solar Pumps in both Surface and Submersible categories. The Greater Noida-based company also serves as a contract manufacturer for several large companies, such as Jakson and Tata Power. Its solar panels are delivered with a specific focus on EPC companies such as Solarworld Energy Solutions Pvt Ltd, BVG India Limited, Tata Power, HAREDA, PEDA and many more.
The Company forayed into Solar panel manufacturing in 2007 and built a state-of-the-art facility spread over 150,000 sq. ft. in Greater Noida. Alpex has an 848 MW capacity (as per MNRE notification 22 March 2024), which can be further expanded to 2 GW. Owing to its R&D prowess, manufacturing excellence and a deep talent pool, the company has emerged among the preferred suppliers of PV panels. The company has 200+ employees – including celebrated professionals from within and beyond the solar sector experience. The company was listed on NSE Emerge in February 2024.
