Websol signs MoU with Andhra Pradesh Economic Development Board

Websol Energy System Limited (Websol or the Company) (BSE: 517498, NSE: WEBELSOLAR), a leading manufacturer of high-efficiency solar cells and modules, has entered into a Memorandum of Understanding (MoU) with Andhra Pradesh Economic Development Board (APEDB).

This MoU, entered into by Websol Renewables Private Limited, a wholly owned subsidiary of Websol, is the initial stage of exploring the development of a 4 GW integrated solar cell and module manufacturing facility in Andhra Pradesh.

Commenting on this corporate development, Mr. Sohan Lal Agarwal, Managing Director, Websol Energy System said: "We are delighted to have entered into this MoU with APEDB as an important step towards the implementation of Websol's strategic growth plans. In September 2025, Websol announced its plan to develop a 4 GW solar cell and module facility in two phases, bringing its total capacity to 5.2 GW. With over three decades of technical expertise in solar cell manufacturing, we are scaling up to deliver high efficiency solar based products to our customers across India. This investment phase reflects our vision to contribute to India's clean energy leadership and create lasting value for all stakeholders."

Source : Equity Bulls

Keywords

WebsolEnergySystem MoU APEDB WebsolRenewables 4GW SolarCell SolarModule ManufacturingFacility AndhraPradesh