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Websol Energy System Limited ( (IN:WEBELSOLAR) ) just unveiled an update.
Websol Energy System Limited has received approval from the Government of Andhra Pradesh for a greenfield 4 GW solar cell and 4 GW solar module manufacturing plant at MPSEZ, Naidupeta in Tirupati district, strengthening its presence in India’s solar manufacturing landscape. The state government has extended an incentive package that includes land allotment support, subsidies on fixed capital investment, power tariff reimbursement, electricity duty and stamp duty exemptions, as well as reduced industrial water charges, while Websol also plans to set up a 100 MW captive solar power plant to supply renewable energy to the facility and reduce operating costs, positioning the company to contribute more meaningfully to India’s renewable energy and Atmanirbhar Bharat goals.
More about Websol Energy System Limited
Websol Energy System Limited is an Indian solar power equipment manufacturer focused on producing solar cells and solar modules for the renewable energy sector. The company caters to India’s growing clean energy market and aligns its operations with national initiatives to expand domestic manufacturing capacity in photovoltaics.
Average Trading Volume: 579,494
Technical Sentiment Signal: Hold
Current Market Cap: 35.09B INR
Learn more about WEBELSOLAR stock on TipRanks’ Stock Analysis page.