Latest news with #DomesticContentRequirement
Business Upturn
2 days ago
- Business
- Business Upturn
Websol Energy shares surge 12% in two days as Q1 profit triples on strong revenue growth
By Aditya Bhagchandani Published on August 12, 2025, 09:48 IST Websol Energy System Limited has rallied 12% over the past two sessions, including hitting the 10% upper circuit on Monday, after the company reported a sharp jump in earnings for Q1 FY26. On Tuesday, the stock continued its uptrend following the announcement of strong quarterly results. For the April–June quarter, net profit surged to Rs 67.18 crore from Rs 22.88 crore in the same period last year. Revenue from operations more than doubled to Rs 220.93 crore compared to Rs 111.83 crore in Q1 FY25. The company reported an EBITDA margin of 47.3% and a PAT margin of 30.4% for the quarter. Managing Director Sohan Lal Agarwal said growth was driven by sustained demand for high-efficiency solar products in the domestic market. The company launched solar kits for domestic use during the quarter and is finalizing agreements with national and regional players under initiatives like the PM-KUSUM Solar Pumps Project and the Domestic Content Requirement (DCR) framework. Websol Energy is also nearing completion of its additional 600 MW solar cell line, with trial production expected in September 2025 and commercial operations in October 2025. This expansion will take its total cell manufacturing capacity to 1.2 GW, with meaningful revenue contribution expected from Q3 FY26. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Time of India
23-06-2025
- Business
- Time of India
High cost of domestic solar panels undermines subsidy gains for farmers
Farmers installing solar plants to irrigate their land feel cheated as the increasing prices of domestically made panels nullify the subsidy provided by the central and state govts. Prices of solar panels made in the country currently command ₹28 a watt compared to about ₹14 for the assembled panels, which are made of imported solar cells. With the rising cost, the impact of the 60 per cent subsidy provided by the Union and the state govt (30 per cent each) reduces the benefits by up to 50 per cent. As a result, farmers said that a 5-kW plant, which required about ₹2.7 lakh investment, will now need ₹4 lakh. These projects are mandated to use Domestic Content Requirement (DCR) panels to be eligible for the subsidies. Disappointed with the higher panel rates, a farmer in a social media post even accused the govt of corruption as the benefits promised under the subsidy scheme are not available to him. The shortage of DCR panels has been jacking up prices in India for a long time, forcing vendors to delay project implementation. They accuse the Ministry of New and Renewable Energy ( MNRE ) of rolling out schemes with mandatory use of DCR panels without having an adequate supply. "It is benefitting a few manufacturers who are into the production of DCR modules. If the country does not have enough capacity, then the stipulation should be removed for the smooth implementation of the projects," said a vendor preferring anonymity. In DCR modules, solar cells need to be manufactured in India. But the country currently does not have enough cell production capacity. The majority of panel manufacturing volume is made of imported solar cells. The govt has made the DCR mandatory for certain projects, including Kusum and PM Surya Ghar Yojana . Delay in availability risks pushing deadlines further for achieving targets set by MNRE.
Time of India
22-06-2025
- Business
- Time of India
Domestically made solar panels cost doubles, raises project cost
Jaipur: Farmers installing solar plants to irrigate their land feel cheated as the increasing prices of domestically made panels nullify the subsidy provided by the central and state govts. Tired of too many ads? go ad free now Prices of solar panels made in the country currently command Rs 28 a watt compared to about Rs 14 for the assembled panels, which are made of imported solar cells. With the rising cost, the impact of the 60% subsidy provided by the Union and the state govt (30% each) reduces the benefits by up to 50%. As a result, farmers said that a 5-kW plant, which required about Rs 2.7 lakh investment, will now need Rs 4 lakh. These projects are mandated to use Domestic Content Requirement (DCR) panels to be eligible for the subsidies. Disappointed with the higher panel rates, a farmer in a social media post even accused the govt of corruption as the benefits promised under the subsidy scheme are not available to him. The shortage of DCR panels has been jacking up prices in India for a long time, forcing vendors to delay project implementation. They accuse the Ministry of New and Renewable Energy (MNRE) of rolling out schemes with mandatory use of DCR panels without having an adequate supply. "It is benefitting a few manufacturers who are into the production of DCR modules. If the country does not have enough capacity, then the stipulation should be removed for the smooth implementation of the projects," said a vendor preferring anonymity. In DCR modules, solar cells need to be manufactured in India. But the country currently does not have enough cell production capacity. The majority of panel manufacturing volume is made of imported solar cells. The govt has made the DCR mandatory for certain projects, including Kusum and PM Surya Ghar Yojana. Delay in availability risks pushing deadlines further for achieving targets set by MNRE.
Business Standard
10-06-2025
- Business
- Business Standard
TP Solar crosses 4 GW solar module manufacturing at its Tamil Nadu plant
TP Solar, a wholly owned subsidiary of Tata Power Renewable Energy (TPREL), a subsidiary of The Tata Power Company (Tata Power) and the manufacturing arm of Tata Power, today announced that it has crossed 4 GW solar module manufacturing at its Tamil Nadu plant. The plant has cumulatively produced 4049 MW of solar modules and 1441 MW of solar cells upto May 31, 2025. With a strategic focus on scaling up production, TP Solar is targeting 3.7 GW of solar cell output and 3.725 GW of module production in FY26, further solidifying its commitment to supporting India's clean energy transition. Strategically built to comply with Domestic Content Requirement (DCR) norms, the facility is equipped to manufacture next-generation Mono PERC (Passivated Emitter and Rear Cell) and advanced TopCon (Tunnel Oxide Passivated Contact) modules using cutting-edge automated and AI-driven technologies. The ramp-up aligns with Tata Power's goal to strengthen India's solar supply chain resilience by reducing dependency on imports and enabling faster deployment of clean energy projects nationwide. The facility is already supplying panels to meet Tata Power's order book requirementsincluding utility-scale solar farms, hybrid energy parks and distributed rooftop systems as well as serving marquee third-party installations across the country. With its rated capacity of 4.3 GW expected to be fully realized in FY26, the plant would continue to support the nation's target of achieving 500 GW of non-fossil fuel capacity by 2030. TPREL also has a 682MW solar module and a 530MW solar cell plant at Bengaluru, which operates at full capacity to support the DCR Cells and Modules production.
Time of India
10-06-2025
- Business
- Time of India
TP Solar crosses 4 GW module output, sets 3.7 GW solar cell target for FY26
New Delhi: TP Solar Limited, a wholly owned subsidiary of Tata Power Renewable Energy Limited (TPREL), has said that it has achieved a cumulative solar module output of 4,049 MW and solar cell production of 1,441 MW at its Tamil Nadu facility as of May 31, 2025. The plant, built in compliance with Domestic Content Requirement ( DCR ) norms, is equipped to manufacture Mono PERC (Passivated Emitter and Rear Cell) and TopCon ( Tunnel Oxide Passivated Contact ) modules using automated and AI-driven technologies. According to the company, TP Solar is targeting 3.7 GW of solar cell output and 3.725 GW of solar module production for FY26. The Tamil Nadu plant's rated capacity of 4.3 GW is expected to be fully realised in FY26. The facility is supplying modules for Tata Power's order book, including utility-scale solar farms, hybrid energy parks, and distributed rooftop systems, in addition to third-party installations across the country. TPREL also operates a 682 MW solar module and a 530 MW solar cell plant in Bengaluru, which is functioning at full capacity to support DCR-based production. TP Solar stated that the ramp-up aligns with Tata Power's broader strategy to strengthen solar supply chain resilience and contribute to India's 2030 target of 500 GW non-fossil fuel capacity.
