Alpex Solar Ltd. has received an allotment letter from the Government of Madhya Pradesh for leasing land in Mohasa-Babai, District Narmadapuram, for the manufacturing of power and renewable energy equipment.
According to the company’s announcement, the allotted land spans 20 acres (80,937.12 square meters) and will be leased at a rate of Re. 1 per square meter, amounting to Rs. 80,937.12 per year. The allotment follows a Letter of Intent previously issued by the state government and approved by the company’s Board of Directors on December 7, 2024.
The facility is expected to enhance the company’s production capacity in the renewable energy sector. Alpex Solar Ltd. stated that it will comply with all terms outlined in the allotment letter as it moves forward with the development of the site.