Alpex Solar Ltd Company Summary

Alpex Solar Limited was originally incorporated on August 27, 1993 as a Private Company named Alpex Exports Private Limited with the Registrar of Companies, Chandigarh. The name of the Company got changed to Alpex Solar Private Limited on September 07, 2017 at Delhi. Thereafter, it became a Public Limited Company to Alpex Solar Limited and a Fresh Certificate of Incorporation dated September 01, 2023 was issued by Registrar of Companies, Delhi.Alpex Solar is a Nodia-based Solar Photovoltaic (PV) module manufacturer in North India.

The PV modules are manufactured using monocrystalline and polycrystalline cell technologies. The Company provide integrated solar energy solutions, including engineering, procurement, construction (EPC) of DC/AC Solar Pumps. Presently, it operate one manufacturing facility in Greater Noida.The Company entered into the business of Manufacturing of Solar PV panels in 2008.

The Company manufacture and deliver solar panels in the B2B space and also serve as a contract manufacturer for several large companies, including Luminous, Jakson, and Tata Power. These solar panels are delivered to companies, with a specific focus on EPC companies such as Solarworld Energy Solutions Pvt Ltd, BVG India Ltd, Tata Power, Hild Energy Pvt Ltd, and Shakti Pumps India Ltd. As for solar water pumps, the Company target the B2C segment.

They begin by applying for tenders in respective states, and if successful in winning the tender, they proceed to assess the installation site and subsequently install solar water pumps at the designated locations.The Company launched the IPO by issuing 64,80,000 equity shares having the face value of Rs 10 each by raising funds aggregating to Rs 74.52 Cr through fresh issue in February, 2024.The Company has acquired Chandra Energy, a SPV company, subsidiary of Alpex Green Energies Private Limited in June, 2024 and Alpex GH2 Private Limited in May, 2024. The Company has expanded solar production capacity to 1.2 GW in 2025.Module capacity scaled to 2.4 GW with a third Greater Noida line commissioned in December 2025. G12R TOPCon solar cell manufacturing facility commissioned at Kosi, Mathura in 2026.

Further, the Aluminium frame capacity scaled to 12,000 MT across Kosi in 2026.