Websol Energy System has received approval from the Andhra Pradesh government for its ambitious 4 GW greenfield solar manufacturing project at MPSEZ, Naidupeta, Tirupati district. The project will include both solar cell and module production, along with a 100 MW captive solar power plant to ensure reliable renewable energy supply and enhance operational efficiency.
The approval comes with a comprehensive incentive package, including land benefits, subsidies, and duty exemptions, improving the project’s financial viability and long-term sustainability.
Operational and Financial Highlights
Websol Energy System reported strong quarterly results in Q2 FY26:
- Revenue: ₹168 crore, up 17% YoY
- Net Profit: ₹46 crore, up 10% YoY
The company has successfully commissioned its Phase II 600 MW mono-PERC solar cell line, achieving 23.6% peak cell efficiency and over 60% capacity utilization by November 2025. Current operations maintain high utilization rates across cell and module lines, reflecting strong operational management.
Market Presence and Clientele
Websol Energy’s diversified client base includes Rayzon, Goldi, Luminous, Exide, and Panasonic, supporting stable and scalable operations. With decades of experience and robust in-house manufacturing capabilities, Websol is playing a key role in India’s solar manufacturing expansion and renewable energy ecosystem.
Summary
Websol Energy System has received government approval from Andhra Pradesh for a 4 GW greenfield solar cell and module manufacturing project at MPSEZ, Naidupeta, with a 100 MW captive solar power plant. Supported by government incentives, the project enhances cost efficiency and sustainability. The company reported Q2 FY26 revenue of ₹168 crore and net profit of ₹46 crore, while maintaining high capacity utilization across existing manufacturing lines. With a diversified client base and strong operational capabilities, Websol is positioned to contribute significantly to India’s renewable energy and solar manufacturing expansion.
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