Websol Energy System Bags ₹172 Crore Solar Module Orders: Share Price Gains 2.27%  

Shares of Websol Energy System Ltd moved 2.27% higher to ₹58.20 in early trade on Thursday after the company announced fresh solar module orders worth ₹172 crore, adding 85.5 MW to its execution pipeline. 

Three Orders Add Near-Term Revenue Visibility 

Websol said it has secured three purchase orders from Bekem Infra Projects, Sri Avantika Contractors and Kosol Energie. The combined capacity under these contracts stands at 85.5 MW. 

Unlike broad framework agreements, these are firm purchase orders, and manufacturing has already begun. That detail matters. It signals that revenue recognition could follow within the current or coming quarters, subject to dispatch schedules and acceptance milestones. 

The company has guided that deliveries will be completed by May 2026. 

In a separate clarification, Websol addressed concerns around newly imposed US tariffs on solar imports. It stated that it does not currently export to the United States, and therefore does not expect any operational impact from those trade measures. 

Commenting on the development, Sohan Lal Agarwal, Managing Director of Websol Energy System, said the orders reflect customer confidence in the company’s capabilities and reaffirm its standing in the domestic solar market. He added that execution discipline remains a focus. 

Websol Energy System Stock Market Snapshot 

As of 9:27 am IST, the stock was trading at ₹58.20, up ₹1.29 from the previous close of ₹56.91, according to NSE data. 

The counter opened at ₹57.00 and traded between ₹56.72 and ₹59.50 so far in the session. The company’s market capitalisation stood at ₹2.46K crore. Its 52-week range spans from ₹56.08 to ₹158.99. 

While the move is modest in percentage terms, order announcements in the module manufacturing space are closely tracked given pricing volatility, capacity utilisation trends and evolving trade policies. 

Company Background 

Websol Energy System manufactures photovoltaic cells and modules for domestic solar developers and EPC contractors. The company operates in a segment that has seen strong policy backing, particularly under India’s renewable energy capacity expansion targets. 

For module makers, confirmed orders rather than expressions of interest are key indicators of plant utilisation and working capital turnover. 

Conclusion 

The ₹172 crore order win strengthens Websol’s short-term execution visibility, with deliveries lined up over the next few months. With production already in motion and no direct exposure to US tariff risks, the company’s immediate focus shifts to timely fulfilment and translating the expanded order book into realised revenue. 

Source: https://www.bseindia.com/xml-data/corpfiling/AttachLive/9bc2575f-d95d-4ae0-ae74-9bd658e7ee6e.pdf