Renewable energy company Websol Energy System Ltd. has received approval from the Indian Renewable Energy Development Agency (IREDA) for the first phase of its expansion plan. The company will be expanding its capacity by adding a 600 MW cell line and a 550 MW module line. This development is in line with the company’s commitment to producing high-quality solar energy products.
As per Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Websol Energy System Ltd. has informed the stock exchange about the approval and sanctioning of the first phase of its expansion plan. The company aims to cater to the growing demand for renewable energy and establish itself as a leading player in the industry.
Websol Energy System Ltd. has a strong presence in the solar energy market and offers a wide range of solar products. The company’s expansion plan is expected to strengthen its position and enhance its capacity to cater to the growing demand for renewable energy products in India.