The Indian company Alpex Solar has filed a draft prospectus for an initial public offering (IPO) on the NSE Emerge trading platform in Mumbai. The company plans to use the net proceeds to expand its PV module capacity from 450 MW to 1.2 GW and set up an aluminum frame production unit.
December 7, 2023
By pv maguzine India
“To meet the market demand for large format cells with Multi-Bus Bars (MBB) and the latest types of mono-PERC, TOPCon and bifacial cells, we plan to raise funds to expand our operations by increasing our capacity from “Increase 450 MW to 1.2 GW in the existing production unit,” said Ashwani Sehgal, Chairman and Managing Director of Alpex Solar. “We also plan to build a new aluminum frame manufacturing facility to eliminate our dependence on frame imports from other countries.”
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