Websol Energy System Limited — Important, 23-12-2024: Updates

Websol Energy System Limited has provided an update regarding the ongoing capacity addition of a 600 MW cell line at its Falta Plant. The company has placed orders for the requisite equipment and made advance payments for this expansion. The installation and commissioning of the new line are scheduled for the first quarter of the 2025-26 financial year, with commercial production expected to commence in July 2025. This strategic move is set to enhance production capacity, potentially positioning the company for growth in the renewable energy market. Shareholders should monitor developments closely as this initiative could lead to improved operational capabilities and financial performance.