Alpex Solar’s Q3 Profit Surges 423%, Expands Manufacturing Capacity

22 Feb 2025 CW Team

Alpex Solar, a Greater Noida-based solar module manufacturer, reported a 137.22% year-over-year (YoY) revenue increase in Q3 FY25, reaching Rs 1.88 billion from Rs 793.05 million a year ago. The company’s net profit soared 422.96% YoY to Rs 235.76 million, compared to Rs 45.08 million last year. Earnings per share (EPS) also rose sharply to Rs 9.63 ($0.11) from Rs 2.51.

For the first nine months of FY25, Alpex Solar’s net profit climbed 302.2% YoY to Rs 486.8 million, with revenue increasing 55.20% to Rs 4.54 billion. EPS for the period rose to Rs 19.89 from Rs 6.73 in 9M FY24.

In February 2024, the company raised Rs 745 million through an IPO. It has since expanded its solar module manufacturing capacity to 1.2 GW and is constructing a 1.6 GW solar cell manufacturing facility, with the first 500 MW phase set to be operational by December 2025 and full operations expected a year later.

Alpex Solar also plans an additional 1.2 GW module manufacturing plant and an aluminum frame production facility, both slated to begin operations by December 2025. The company was allotted 20 acres of leased land by the Madhya Pradesh government for renewable energy equipment manufacturing and is currently developing a strategy for its use.

Despite strong growth, the company’s total revenue for the second half of FY25 declined 6% YoY to Rs 2 billion from Rs 2.13 billion.

(Mercom)

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..