The approval was granted through a government order issued by the state’s Industries & Commerce Department, following a memorandum of understanding signed with the Andhra Pradesh Economic Development Board (APEDB) on November 15, 2025, the company said in a statement.

Under the approval, the state government has extended an incentive package that includes allotment of land, fixed capital investment subsidy, power tariff reimbursement, electricity duty exemption, subsidy on industrial water charges, and exemption from stamp duty and registration charges.

As part of the project, Websol also plans to set up a 100 MW captive solar power plant to support the manufacturing facility. The captive plant is expected to ensure reliable access to renewable energy and help achieve operating cost efficiencies, the company added.

Commenting on this Government Order, Sohan Lal Agarwal, MD, Websol Energy System said: “As India advances its renewable energy ambitions alongside the Atmanirbhar Bharat initiative, the approval received from the Government of Andhra Pradesh allows Websol to make a meaningful and exciting contribution with its own expansion plans.

The supportive industrial ecosystem in Andhra Pradesh provides a strong manufacturing platform for executing our 4 GW solar cell and 4 GW solar module growth strategy. We look forward to keeping our stakeholders updated on the developments of this expansion plan.”

Websol Energy System manufactures solar photovoltaic cells and modules in India. The company supplies solar cells primarily within India, supporting module manufacturers to comply with Domestic Content Requirement norms, while its modules are marketed both in India and internationally.

The company reported a standalone net profit of Rs 46.32 crore in Q2 FY26, up 10.3% from Rs 41.98 crore in Q2 FY25. However, revenue from operations rose 17.2% year-on-year (YoY) to Rs 168.22 crore in Q2 FY26.

Shares of Websol Energy System rose 0.77% to Rs 83.79 on the BSE.