Held on 25 July 2017
Websol Energy System announced that the Board of Directors at its meeting held on 25 July 2017 has transacted the following -1. No Due Certificate from Federal Bank has been taken on record.
2. Board has approved another expansion of 100 MW of its cell line capacity thereby making it to 280-300 MW. The Company will initiate discussions with equipment manufacturers for the same.
3. Board has approved Expansion of its Module line capacity from 100 MW to 250 MW with fully automated line of production for the entire capacity. Orders for Module line has been finalised.
4. Board has approved formation of wholly owned subsidiary for business of roof top and EPC in the subsidiary company.
5. The Company has already taken necessary steps for retailing of modules, taking rooftop projects and also EPC contracts. A business strategy and marketing team for the same has been put in place. Company is under process of recruiting Sr. Marketing Executives and office in Kolkata, Delhi and Hyderabad is being considered.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app