Government of Andhra Pradesh approves Websol’s proposal for a 4 GW solar cell and module expansion plant

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Government of Andhra Pradesh approves Websol’s proposal for a 4 GW solar cell and module expansion plant

The stock is up by 7 per cent from its 52-week low of Rs 79.85 per share and has given multibagger returns of 1,600 per cent in 5 years.

Websol Energy System Ltd (BSE: 517498, NSE: WEBELSolar) 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. 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, Websol 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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About the Company

As a pioneer in the Indian solar sector, Websol Energy System Limited specialises in high-efficiency Mono PERC solar cells and modules from its modernised seven-acre facility in the Falta Special Economic Zone, West Bengal. With a robust production capacity of 1,200 MW for cells and 550 MW for modules, the company plays a vital role in helping domestic manufacturers meet "Domestic Content Requirement" norms while also serving international markets. This integrated in-house production model grants Websol superior supply chain control and the flexibility to adapt to market shifts. Supported by favourable government policies and long-standing client partnerships, the company is strategically positioned to lead in the evolving renewable energy landscape.

The company has a market cap of Rs 3,500 crore. The stock is up by 7 per cent from its 52-week low of Rs 79.85 per share and has given multibagger returns of 1,600 per cent in 5 years.

Disclaimer: The article is for informational purposes only and not investment advice.