Websol Energy System Limited has informed the Exchange regarding a press release dated May 08, 2025, titled "WEBSOL ENERGY SYSTEM LIMITED secures new order for solar modules".
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Websol Energy System Limited has signed a Master Supply Agreement with C.R.I. Pumps Private Limited for the supply of Mono-PERC DCR solar modules. The modules will come in ratings of 500Wp, 520Wp, 525Wp, and 535Wp. C.R.I. Pumps has committed to purchasing up to 250 MW of these modules, supporting solar-powered pumping systems under India's PM KUSUM Solar Pumps Project. The DCR (Domestic Content Requirement) classification means the modules comply with government rules mandating locally manufactured components, making them eligible for government-backed solar schemes. Websol is positioning this order as a milestone in its renewable energy growth strategy.
This is a positive development for shareholders, as it strengthens Websol's order book and revenue visibility. The DCR-compliance and linkage to the government-backed PM KUSUM scheme reduce execution risk and should support near-term earnings, though the stock may already reflect part of this news.