Alpex Solar Limited on December 24, 2025, informed the National Stock Exchange that it has received a new order worth ₹65 crore from Maharashtra State Electricity Distribution Company Limited (MSEDCL).
The order has been awarded under the “Magel Tyala Saur Krushi Pump” Yojana / PM-KUSUM B Scheme and involves the supply of off-grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) of 3 HP, 5 HP and 7.5 HP capacity across districts in Maharashtra. The order value of ₹65 crore is exclusive of GST.
According to the company’s regulatory filing under Regulation 30 of SEBI (LODR) Regulations, 2015, the contract is a domestic commercial order and is required to be executed within 60 days, as per the terms mentioned in the Letter of Empanelment (LoE).
Alpex Solar clarified that neither the promoter nor the promoter group has any interest in the entity awarding the order, and the transaction does not fall under related party transactions.
The order strengthens Alpex Solar’s presence in the solar pumping and renewable energy segment, particularly in government-backed agricultural solar initiatives under the PM-KUSUM scheme.
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