Websol Energy System has secured a significant milestone with the Andhra Pradesh government's approval for its ambitious 4 GW solar manufacturing project. The Government of Andhra Pradesh, through its Industries & Commerce Department, has issued a Government Order approving the company's proposed greenfield solar cell and solar module manufacturing facility. The project will be located at MPSEZ, Naidupeta, in Tirupati district, Andhra Pradesh.

Government Approval and Incentive Package

The Andhra Pradesh government's comprehensive incentive package significantly enhances the project's viability by reducing both upfront and operating costs. The package includes land benefits, subsidies, and duty exemptions that will support the manufacturing operations.

The company plans to establish a 100 MW captive solar power plant alongside the manufacturing facility. This captive power unit will ensure a reliable renewable energy supply, enhance sustainability credentials, and support long-term cost efficiency for the proposed manufacturing operations.

Strong Financial Performance

Websol Energy System delivered robust quarterly results in Q2FY26, demonstrating healthy operational performance across key metrics.

The financial results reflect healthy demand conditions and improved operating stability during the quarter, supporting the company's expansion plans.

Manufacturing Capacity and Operational Excellence

The company has successfully commissioned its Phase II 600 MW mono-PERC solar cell line on 27 September 2025, completing the project execution in under 12 months. The self-funded project achieved impressive operational metrics, including 23.6% peak cell efficiency in the first month of operations and crossed 60% capacity utilization by November 2025.

Websol Energy System is operating at high capacity utilization rates across its manufacturing facilities:

Market Position and Client Base

The company maintains a diversified client portfolio that includes prominent names such as Rayzon, Goldi, Luminous, Exide, and Panasonic. This diversified client base reduces concentration risk and supports stable, scalable operations for the company's manufacturing facilities.

Websol Energy System operates as an Indian solar manufacturing company with a focus on high-efficiency photovoltaic cells and modules. With decades of experience in the sector, strong in-house manufacturing capabilities, and a growing domestic client base, the company plays a key role in India's renewable energy ecosystem and supports the country's solar manufacturing expansion initiatives.

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.