Introduction:
Solar pump stock has secured a ₹45 crore order from MSEDCL under the Magel Tyala Saur Krushi Pump Scheme. The order involves supplying 2,000 Solar Water Pumps for agricultural purposes, with completion expected in 60 days. No related party transactions are involved.
Share Price movement of Alpex Solar:
On February 17, 2025, Alpex Solar Ltd opened at ₹623.00, reaching a high of ₹634.00, up 1.8% from its previous close of ₹622.75 and a low of ₹596.55. Currently, it is trading at ₹606.00, with a market cap of ₹1,483.09 crore.
Alpex Solar received order:
Alpex Solar Limited has received an order worth approximately ₹45 crores from Maharashtra State Electricity Distribution Co. Ltd. (MSEDCL) under the Magel Tyala Saur Krushi Pump Scheme. The order involves the supply of 2,000 Solar Water Pumps for agricultural use.
The project is set to be completed within 60 days from the issue of the work order. This contract is a domestic commercial order, with no related party transactions involved, ensuring transparency in the awarding process. The company has no promoter interest in MSEDCL.
Alpex Solar confirms that the order is a significant milestone in its operations and business development. The company has ensured compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as per the prescribed guidelines.
Also Read: IPO: Licious in talks for $2 Billion IPO in India
Recent news About Alpex Solar :
Alpex Solar has recently received a significant milestone order from a leading engineering firm for a large-scale solar project. This order is expected to enhance its production capacity and expand its market reach.
Ace investor holding of Alpex Solar:
Diwakar Bhagwati Gandhi holds 3,60,000 shares of Alpex Solar Ltd., valued at ₹21.5 crores, representing 1.47% of the total holdings, with a filing awaited for the period ending September 2024.
Bhagwati Charan R Sikka holds 6,04,300 shares of Alpex Solar Ltd., valued at ₹36.1 crores, representing 2.47% of the total holdings, with a filing awaited for the period ending September 2024.
Stock performance of Alpex Solar for Period of 1 week, 6 months and 1 year:
Alpex Solar’s stock has experienced a 8.34% decline over the past week, while its performance over the last 6 months shows a decrease of 22.5%. However, the stock has seen significant growth of 63.5% over the past year, highlighting strong long-term performance despite short-term volatility.
Also Read: Stock under ₹70 jumps after it receives order worth ₹2.55 Cr from NHAI
Shareholding pattern of Alpex Solar:
| Summary | Sep-24 | Mar-24 |
| Promoter | 68.80% | 68.80% |
| FII | 0.70% | 4.90% |
| DII | 0.40% | 1.80% |
| Public | 30.10% | 24.60% |
About Alpex Solar:
Alpex Solar, a leading player in the solar energy sector, specializes in manufacturing and supplying solar power equipment. It focuses on providing sustainable energy solutions, particularly in the agricultural and industrial sectors, contributing to India’s renewable energy goals.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
