Websol Energy System shares up 2% after Andhra Pradesh govt clears 4 GW solar cell & module project

Websol Energy System

Websol Energy System share price rose 2 percent in the opening trade on January 12, following the official approval from the Andhra Pradesh government for its greenfield 4 GW solar cell and 4 GW solar module project.

At 09:20am, Websol Energy System was quoting at Rs 84.89, up Rs 1.74, or 2.09 percent, on the BSE.

"..... has announced that the Government of Andhra Pradesh, through its Industries & Commerce Department, has issued a Government Order approving the company’s proposed greenfield 4 GW solar cell and solar module project," company said in its exchange filling.

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

The Government of Andhra Pradesh has granted an incentive package for the allotment of land, fixed capital investment subsidy, power tariff reimbursement, electricity duty exemption, subsidy on industrial water charges and exemption from stamp duty and other registration charges.

As part of the manufacturing facility, the company is planning to develop a 100 MW captive solar power plant as well.

The captive power plant will support reliable access to renewable energy for the manufacturing facility and result in operating cost efficiencies.

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In the month of December, the company entered into a Memorandum of Understanding (MoU) with Linton, a global leader in PV ingot and wafer equipment technology.

Both parties have agreed to explore the opportunity of manufacturing Photovoltaic (PV) ingots and wafers in India, where Websol intends to acquire PV ingot and wafer manufacturing equipment from Linton.

In the previous trading session, the share closed down 4.44 percent or Rs 3.86 at Rs 83.15.

The share touched a 52-week high of Rs 183.50 and a 52-week low of Rs 79.85 on 10 January, 2025 and 19 December, 2025, respectively.

Currently, the stock is trading 54.69 percent below its 52-week high and 4.13 percent above its 52-week low.

The market capitalisation of the company stands at Rs 3,509.46 crore.