Websol Energy System has received a significant boost with the Andhra Pradesh government's official approval for its greenfield 4 GW solar cell and 4 GW solar module manufacturing project. The Government of Andhra Pradesh, through its Industries & Commerce Department, has issued a Government Order approving the company's proposed manufacturing facility, marking a major milestone in the company's expansion plans.

Project Details and Location

The manufacturing facility will be strategically located at MPSEZ, Naidupeta, in Tirupati district, Andhra Pradesh. This approval follows the Memorandum of Understanding that Websol Energy System signed with the Andhra Pradesh Economic Development Board (APEDB) on November 15, 2025.

Government Incentive Package

The Andhra Pradesh government has extended a comprehensive incentive package to support the project implementation. The incentives include:

• Land allotment support
• Fixed capital investment subsidy
• Power tariff reimbursement
• Electricity duty exemption
• Subsidy on industrial water charges
• Exemption from stamp duty and other registration charges

Captive Power Plant Development

As part of the manufacturing facility development, Websol Energy System plans to establish a 100 MW captive solar power plant. This captive power plant will provide reliable access to renewable energy for the manufacturing facility and is expected to result in significant operating cost efficiencies.

Strategic Partnership with Linton

In December, the company entered into a Memorandum of Understanding with Linton, a global leader in PV ingot and wafer equipment technology. Both parties have agreed to explore manufacturing opportunities for Photovoltaic ingots and wafers in India, with Websol Energy System intending to acquire PV ingot and wafer manufacturing equipment from Linton.

Stock Performance

In the previous trading session, Websol Energy System shares closed down 4.44% at ₹83.15, declining by ₹3.86. The stock has experienced significant volatility, touching a 52-week high of ₹183.50 on January 10, 2025, and a 52-week low of ₹79.85 on December 19, 2025.

Currently, the stock is trading 54.69% below its 52-week high and 4.13% above its 52-week low, with a market capitalisation of ₹3,509.46 crore.

Websol Energy System has received a major boost for its expansion plans as the Andhra Pradesh government has approved the company's proposal to establish a substantial solar manufacturing facility. The project involves setting up a 4 GW capacity solar cell and module expansion plant at the Machilipatnam Port-based Special Economic Zone (MPSEZ) in Naidupeta.

Project Details and Scope

The approved facility represents a significant expansion in solar manufacturing capacity for the renewable energy sector. The project details are outlined below:

Strategic Location Advantages

The selection of MPSEZ Naidupeta as the project location offers several strategic benefits for the manufacturing operations. The port-based special economic zone provides enhanced connectivity for raw material imports and finished product exports. The location's proximity to major transportation networks is expected to facilitate efficient logistics operations for the solar manufacturing facility.

Impact on Renewable Energy Sector

This approval represents a substantial addition to India's solar manufacturing infrastructure. The 4 GW capacity expansion will contribute significantly to the country's domestic solar equipment production capabilities. The project aligns with national objectives of reducing dependence on imported solar components and strengthening the domestic renewable energy manufacturing ecosystem.

Government Support and Approval Process

The Andhra Pradesh government's approval demonstrates the state's commitment to promoting renewable energy investments and manufacturing activities. The decision reflects the government's strategy to position the state as a key hub for solar energy infrastructure development and attract significant industrial investments in the clean energy sector.