Alpex Solar shares jumped more than 9% this week after the company received a Rs 521 crore loan for its 120 MW solar power project.
The company plans to build a new 1.6 GW solar cell manufacturing facility in addition to this project as part of its continued growth. The ₹642 crore new facility will be constructed over the course of three phases. The project would be financed by bank loans, internal accruals and equity infusion, helping India achieve its renewable energy objective.
Alpex Solar shares remained steady on Friday, opening at ₹903.55 and hitting a day high of ₹903.55. The stock dipped to a low of ₹858.00. With a market capitalization of ₹2,006 crore, Alpex Solar continues to attract attention in the renewable energy sector.
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