Alpex Solar Secures Rs.12 Crore Contract

10 Apr 2024 CW Team

Alpex Solar, a leading player in the renewable energy sector, has clinched a significant contract worth ?12 crore under the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM KUSUM) scheme in Jharkhand. The initiative, aimed at promoting the use of solar energy among farmers, marks a milestone in the state's transition towards sustainable power sources. The contract underscores Alpex Solar's commitment to advancing renewable energy solutions and bolstering India's green energy landscape.

Under the PM KUSUM scheme, Alpex Solar will be tasked with installing solar-powered agriculture pumps and other related infrastructure, providing farmers with access to clean and reliable energy for irrigation and other agricultural activities. This move is expected to not only reduce farmers' dependence on traditional grid electricity but also contribute towards mitigating carbon emissions and fostering rural development.

The allocation of the ?12 crore contract to Alpex Solar underscores the company's proven track record in delivering high-quality solar solutions and its ability to execute projects efficiently. This latest contract win further solidifies Alpex Solar's position as a key player in the renewable energy market, reflecting the growing demand for sustainable energy solutions in India.

Furthermore, the implementation of solar-powered agricultural pumps is expected to enhance productivity and income generation for farmers in Jharkhand, while also addressing crucial environmental challenges such as groundwater depletion and air pollution associated with conventional energy sources. Alpex Solar's expertise and innovation in the renewable energy sector are poised to drive positive change and contribute to India's broader sustainability goals.

Products

06 Oct 2025

TOTO India Launches Premium G & L Showers with Sleek Faucet Range

TOTO India has launched its G Shower and L Shower series, alongside an expanded range of GT, LH, and Pull-Out lavatory faucets. The collection blends advanced technology, refined aesthetics, and everyday comfort, staying true to TOTO’s philosophy of creating spaces that are both beautiful and functional. The G Shower series delivers the 3Rs of showering: Relaxing, Refreshing, and Revitalizing. Features include the Calming Shawl spray mode, Warm Spa technology, and multiple overhead and hand-shower options across eight finishes. The L Shower complements this with easy-to-use controls sui..

Hero Future Energies Secures Funding for 120 MW Hybrid Project

Hero Future Energies (HFE), through its SPV Clean Renewable Energy Hybrid Three, has secured Rs 19.08 billion in funding from the State Bank of India (lead) and Canara Bank. The funds will be used to develop and construct HFE’s 120 MW renewable energy hybrid project at Kurnool, Andhra Pradesh. The project, contracted with SJVN, integrates wind, solar, and storage technologies to deliver reliable peak power. With a 21-year repayment period, the funding ensures timely execution and the commencement of commercial operations. The financial closure demonstrates continued lender confidence in..

IOC GPS Renewables Raises Rs 8.36 billion Debt for Compressed Biogas Plants

IOC GPS Renewables Private Limited (IGRPL), a joint venture between IndianOil Corporation and GPS Renewables, has raised Rs 8.36 billion (approx. US$ 95 million) in debt financing from Indian Bank to execute nine Compressed Biogas (CBG) projects across India. The funding is the largest single-bank debt raise in the CBG sector and the first fully non-recourse financing in India for these projects. The plants—four in Haryana, three in Uttar Pradesh, one each in Chhattisgarh and Andhra Pradesh—will each produce 15 tonnes of CBG per day using paddy straw as feedstock. All nin..