Websol Energy Shares Surge 2% After Andhra Pradesh Approves 4 GW Solar Project
Business
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Moneycontrol•12-01-2026, 09:22
Websol Energy Shares Surge 2% After Andhra Pradesh Approves 4 GW Solar Project
- •Websol Energy System shares rose 2% after the Andhra Pradesh government approved its 4 GW solar cell and module project.
- •The project involves a greenfield 4 GW solar cell and 4 GW solar module manufacturing facility.
- •The facility will be located at MPSEZ, Naidupeta, Tirupati district in Andhra Pradesh.
- •Andhra Pradesh government granted an incentive package including land allotment, subsidies, and tax exemptions.
- •Websol also plans a 100 MW captive solar power plant and a MoU with Linton for PV ingot and wafer manufacturing.
Why It Matters: Websol Energy's stock climbed as Andhra Pradesh greenlit its major 4 GW solar manufacturing project.
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