Websol Energy Share Price Hits Life High As Company Orders Equipment For Falta Facility

Websol Energy System Ltd.'s share price extended its gains to a fourth consecutive session and hit its lifetime high after the company informed the exchanges that it has placed purchase order for equipment for its additional capacity of 600 MW Cell line at Falta Plant.

"This new line is expected to be installed and commissioned in the first quarter of 2025-26," the exchange filing said. "Accordingly, the commercial production is estimated to commence in July, 2025."

On October 29, the company had said that it has expanded by way of commissioning a 600 MWP Mono PERC bifacial solar cell manufacturing facility and a 550 MWP module manufacturing facility. The investment required for the same is Rs. 220 crore and mode of financing will be internal accruals and financing from banks and financial institutions.

The scrip rose as much as 3.9% to Rs 1,855 apiece, the highest level. It pared gains to trade 0.8% higher at Rs 1,800 apiece, as of 10:15 a.m. This compares to a 0.2% advance in the NSE Nifty 50 index.

It has risen 633.9% on a year-to-date basis. The relative strength index was at 75, indicating that the stock may be overbought.