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Exciting News! India’s Alpex Solar has filed a draft prospectus for an initial public offering (IPO) on the NSE Emerge trading platform in Mumbai. This move will help the company to expand its PV panel capacity from 450 MW to 1.2 GW and establish an aluminum frame manufacturing unit. The IPO is set to make big waves in the industry and elevate Alpex Solar to new heights!
December 7, 2023 Uma Gupta
Image: Alpex Solar
From pv maguzine India
“To meet market demand for large-sized cells with multi-bus bars (MBB) and the latest types of mono PERC, TOPCon, and bifacial cells, we are planning to raise funds to expand our business operations by increasing our capacity from 450 MW to 1.2 GW in the existing manufacturing unit,” said Ashwani Sehgal, chairman and managing director of Alpex Solar. “We are also planning to build a new plant dedicated to producing aluminum frames, eliminating our dependency on imports of the frames from other countries.”
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