Alpex Solar to Set Up 1.2 GW Module Plant in Mathura

18 Aug 2025 CW Team

Alpex Solar has announced plans to establish a 1.2-gigawatt (GW) solar module manufacturing facility in Mathura, Uttar Pradesh, taking its overall capacity to 3.6 GW.

The new plant, estimated at Rs 1.10 billion, is expected to commence operations in FY27 and will be financed through internal accruals and credit facilities, the company said.

The expansion comes on the back of strong quarterly results. Alpex posted a consolidated net profit of Rs 422.9 million in Q1 FY26, compared with Rs 10.6 million in the year-ago quarter. Revenue rose 396 per cent to Rs 3.83 billion, while EBITDA surged to Rs 648.5 million from Rs 43.1 million.

To further strengthen its growth plans, the company aims to raise Rs 2.61 billion via preferential allotment of equity and warrants, subject to shareholder approval at its extraordinary general meeting on August 28.

Alpex has an order book worth Rs 15.55 billion for FY26, comprising contracts from Maharashtra State Electricity Distribution Company, the Solar Energy Corporation of India, Haryana Renewable Energy Development Agency, CMPDIL and three large manufacturers.

The NSE Emerge-listed company currently operates six units across Greater Noida, Kosi-Kotwan, Eco-Tech Greater Noida and Madhya Pradesh.

News source: Saur Energy

Real Estate

29 Sep 2025

Hiranandani Launches India’s Largest Coastal Township in Alibaug

Hiranandani Communities, led by Dr Niranjan Hiranandani, has launched Hiranandani Sands, India’s largest integrated coastal township, near Mumbai in Alibaug, with an estimated revenue of Rs 170 billion. Spanning 225 acre, the township is designed as Mumbai’s lifestyle extension hub, featuring luxury homes, signature villas, plotted developments, and branded serviced apartments. Residents will have private beachfront access and a jetty, alongside five hotels covering luxury, business, and leisure segments, a mega convention centre, eco-wellness hub, beachside entertainment, and a globa..

TDI City Kundli Relaunched with Rs 1 Billion Redevelopment Plan

TDI Infrastructure has announced a Rs 1 billion investment to redevelop and relaunch the 1,100-acre TDI City Kundli, positioning it as a natural and affordable alternative for residents of North and West Delhi. Situated just 30 minutes from Delhi via the newly operational UER-2, the township currently has around 7,000 plot owners and more than 5,000 apartments.“As part of the redevelopment, we are collaborating with Resident Welfare Associations (RWAs) to upgrade 62 parks across 23 acres, improve internal roads, enhance the existing clubhouse, and commence a new second clubhouse to support r..

India Plans Rs 70 Billion Push for Shipbuilding and Ports

The Indian government is preparing a Rs 70 billion stimulus for the shipping sector, with the Union Cabinet expected to review three major schemes shortly, according to media reports. The initiative reflects India’s efforts to expand shipbuilding, port infrastructure, and maritime trade capacity in the coming years.Shares of leading shipbuilders such as Shipping Corporation of India (SCI), Garden Reach Shipbuilders & Engineers (GRSE), and Mazagon Dock Shipbuilders have already risen on expectations of government support.The plan centres on three key initiatives: a Rs 20 billion Shipbuild..