Alpex Solar to build new 1.2GW solar plant in Mathura
Alpex Solar has announced a major expansion plan with the construction of a new 1.2 GW solar module factory in Mathura, Uttar Pradesh.
The project, with an investment of ₹1.1 billion, will increase the company's total manufacturing capacity to 3.6 GW by the fiscal year 2026-27.
This move aligns with India's renewable energy goals and positions Alpex Solar to capitalize on the growing domestic and international demand for solar energy solutions.
The expansion is funded through a mix of internal accruals and credit facilities, alongside a planned preferential allotment of equity and warrants.