Alpex Solar Ltd has approved the issuance of Non-Convertible Debentures (NCDs) up to Rs 1.25 billion. The move is aimed at strengthening the company’s capital structure, funding expansion, and supporting operational requirements as it continues to scale in India’s fast-growing renewable energy sector.
Alpex Solar Ltd, a leading player in India’s renewable energy industry, has announced board approval for the issuance of Non-Convertible Debentures (NCDs) worth up to Rs 1.25 billion. The decision reflects the company’s strategy to diversify funding sources and reinforce its financial base to support ongoing and future projects.
Key highlights from the announcement include
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The board has approved issuance of NCDs up to Rs 1.25 billion.
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Funds raised will be utilized for expansion, operational needs, and strengthening the capital structure.
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The move underscores Alpex Solar’s commitment to scaling its renewable energy portfolio.
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NCDs provide long-term financing flexibility without diluting equity.
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Industry analysts view the issuance as a strategic step to support growth in India’s solar energy market.
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The decision aligns with the company’s broader vision of contributing to India’s clean energy transition.
This development highlights Alpex Solar’s proactive approach to financing growth while maintaining financial discipline. By leveraging debt instruments, the company is positioning itself to capture opportunities in India’s expanding renewable energy sector.
Sources: Reuters, Economic Times, Business Standard, Mint