Alpex Solar Clinches Rs 0.119B Contracts Under PM-KUSUM Scheme

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Alpex Solar Limited has declared receiving orders from the Jharkhand Renewable Energy Development Agency for the provision, setup, and initiation of 500 solar water pumping systems. These orders were secured under the Pradhan Mantri Kisan Urja Suraksha Evam Utthaan Mahabhiyan Yojana (PM-KUSUM). Deploying solar pumps in rural regions will stimulate the local economy and promote a sustainable approach to development through the adoption of green energy. This initiative will enhance agricultural productivity, leading to increased yields of food grains and other crops, thereby empowering the broader farming community.

Recently, in April 2024, at an estimated cost of Rs 0.15 billion for land, Alpex Solar Limited’s board of directors approved the allocation of approximately 25,873.27 square meter (about 7 acres) of land by the Uttar Pradesh State Industrial Development Authority (UPSIDA) in Kosi Kotwan, Mathura, along national highway 19.

In March 2024, the company had announced that it received orders for the supply, installation and commissioning of 1,434 solar water pumping systems from the Department of New & Renewable Energy, Government of Haryana.

In February 2024, Alpex Solar Limited’s initial public offer garnered a tremendous response from investors, achieving a subscription rate of 303 times by the conclusion of the bidding period.

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