Websol Energy Update-600MW Cell Line At Falta Location

Kolkata based Websol Energy System Limited, one of the oldest solar cell makers in the country, has provided an update on its upcoming 600 MW cell at its FALTA SEZ plant. The firm has informed the stock exchanges that the Company has placed purchase order for equipments and has made advance payments for the said project. This new line is expected to be installed and commissioned in the first
quarter of 2025-26 (Q126). Accordingly, the commercial production is estimated to commence in July, 2025.

Websol has been a key beneficiary of the changes in the domestic solar market landscape, reflected both in its soaring stock price and financials. While the firm has delivered over 600% returns to stakeholders over a one year period, revenues in Q2 came in at Rs 144 crore, with net profits at close to Rs 42 crores. This is in sharp contrast to the moribund results of the corresponding quarter last year, when it was in losses with barely any topline of note.

The company has expanded by way of commissioning a 600 MWP Mono PERC bifacial solar cell manufacturing facility and a 550 MWP module manufacturing facility with an investment of around RS 220 crores.  The commercial production of first phase of 600 MWP Mono PERC bifacial solar cell project was commenced in last quarter of 2024 and 550 MWP module line in current quarter on 01.08.2024. That should reflect in strong results over the next few quarters, with the added advantage of the reputation Websol has as a quality player with strong research foundations in the sector.

With ALMM extended to cell manufacturing from June 2026, the firm has its work cut out to take advantage of its legacy, and also the potential disadvantage of operating out of a Special Economic Zone (SEZ).