Solar panel maker Alpex Solar is aiming for more than two-fold jump in its revenues to Rs 1,000 crore by financial year 2025-26, the company's Managing Director Ashwani Sehgal said.
The company has set a revenue target of Rs 400 crore for the ongoing 2023-24 fiscal, Sehgal said in a company statement on Wednesday.
"Our revenue is projected to reach Rs 400 crore in FY24. We aim to surpass the Rs 1,000 crore revenue threshold by 2026, representing a 2.5-fold growth over the forecast in FY2024," the MD said in the statement.
The company had clocked in a revenue of Rs 180 crore in preceding FY 2022-23.
UP-based Alpex Solar is a leading solar panel manufacturing company in India.
To achieve the revenue targets, the company said it "is banking on its ambitious expansion plan increasing its capacity from 450 MW to 2 GW to capitalise on the robust policy support by the government and rising demand for domestic solar installations".
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)