Websol Energy Secures New Order for Solar Cell, Contract Volume of 100 MW from Luminous

Websol Energy System Limited (Websol or the Company) (BSE: 517498, NSE: WEBELSOLAR), a leading manufacturer of high-efficiency solar cells and modules, is pleased to announce the signing of a significant purchase agreement with Luminous Power Technologies Private Limited ("Luminous") for the supply of 100 MW of Mono PERC Solar Cells. This order, scheduled for delivery between April 2025 and April 2026, represents a key milestone in Websol's ongoing growth strategy.

The agreement includes the provision of Mono PERC Solar Cells with an expected efficiency range of 23% to 23.4%. This order marks a pivotal step in Websol's strategy to strengthen its production capacity and significantly expand its footprint in the rapidly growing renewable energy market.

The 100 MW order is a key element of Websol's expansion strategy, enhancing its domestic presence and operational infrastructure. This agreement further positions Websol to meet the increasing demand for high-performance solar energy solutions, supporting both domestic and international growth opportunities in the solar sector.

Shares of Websol Energy System Limited was last trading in BSE at Rs. 1265.50 as compared to the previous close of Rs. 1251.90. The total number of shares traded during the day was 204609 in over 6142 trades.

The stock hit an intraday high of Rs. 1314.45 and intraday low of 1226.35. The net turnover during the day was Rs. 264509943.00.

Source : Equity Bulls

Keywords

WebsolEnergySystem INE855C01015 SolarCell OrderWin 100MW LuminousPowerTechnologies