Alpex Solar Secures INR 45 Cr Order to Supply 2,000 Solar Water Pumps from MSEDCL
Alpex Solar has secured an INR 45 crore order from Maharashtra State Electricity Distribution Co. Ltd. (MSEDCL) to supply 2,000 solar-powered water pumps under the Magel Tyala Saur Krushi Pump scheme.
February 19, 2025. By Mrinmoy Dey
The order is part of the Magel Tyala Saur Krushi Pump scheme, a key initiative aimed at enhancing agricultural productivity by providing farmers with access to sustainable solar-powered water pumps. The scheme enhances farmers' livelihoods by reducing their dependency on grid electricity and contributes to reducing carbon emissions in India’s agricultural sector.
For Alpex Solar, the order signifies a strategic opportunity to contribute to this vital government initiative while reinforcing its presence in the rapidly growing solar water pump market. This segment is set for considerable expansion as India escalates its efforts to shift towards cleaner, more sustainable energy solutions, particularly in rural and agricultural areas.
Commenting on the development, Ashwani Sehgal, Managing Director of Alpex Solar stated, “This order from MSEDCL represents a significant milestone for Alpex Solar, highlighting the trust placed in our technology and capabilities. With our recently expanded manufacturing facility in Greater Noida, we are fully equipped to meet the requirements of this order promptly and efficiently. Our commitment to quality and innovation continues to distinguish us in the renewable energy sector. This achievement, coupled with our robust financial performance, reinforces Alpex Solar's position as a market leader, while further facilitating India's transition towards a more sustainable energy future.”
The newly secured order will be fulfilled through Alpex Solar’s state-of-the-art manufacturing facility in Greater Noida, which has recently expanded to increase its capacity to 1.2 GW. This strategic expansion enables the company to manage large-scale projects with enhanced efficiency and speed, ensuring it remains at the forefront of India’s solar energy industry.
“The Greater Noida plant is one of six advanced production units across four key locations in Northern India, each designed to support Alpex Solar’s rapidly growing business. These facilities provide the necessary scale for large projects and reflect the company’s commitment to advancing technology and maintaining stringent quality control measures across its production lines,” asserted the company in a statement.
This order comes as Alpex Solar experiences strong business momentum, having reported exceptional financial results for Q3 FY25. The company achieved a remarkable 137 percent growth in total income, reaching INR 188.13 crore compared to INR 79.30 crore in Q3 FY24. Alpex Solar’s profitability has also considerably increased, with EBITDA rising by 352 percent to INR 37.50 crore, alongside an improved EBITDA margin of 19.9 percent.
The company is working on a greenfield project in Kosi Kotwan, Mathura, which will add 1.2 GW of high-power solar module capacity by FY26. Once completed, Alpex Solar's total manufacturing capacity will reach 2.4 GW.
Alpex Solar is also foraying in solar cell manufacturing with a 1.6 GW capacity plant at Kosi Kotwan in Mathura, Uttar Pradesh with an approximate investment of about INR 642 crore. “The expansion will be completed in three phases, with the first 500 MW expected to come on stream by October 2025. The remaining two phases will be completed by April 2026 and September 2026, respectively,” the company shared in an earlier regulatory filing.
Further, the company has also been allocated land in the Mohasa-Babai industrial area of Narmadapuram district in Madhya Pradesh for setting up solar PV modules and cells plant.
please contact: contact@energetica-india.net.
Animesh Mishra
CGM and Head (Sales & CCPR)
EESL’s 15-Year Journey: UrjaVeer, Smart Metering, and the Future of Energy Efficiency
Manjul Pahwa
Managing Director
From Global to Local: How is Ralson Tyres Adapting Tyre Technology for Indian Roads?
Baroruchi Mishra
Group CEO
The Future of Fossil Fuels: Optimising Efficiency While Transitioning to Greener Alternatives
Sharat Sinha
Director & CEO
Airtel Business Enables Seamless Smart Meter Connectivity with its IoT Network
Shekhar Singal
Managing Director
Eastman’s R&D Process: From Concept to Commercialisation in Solar and EV Technologies