Andhra Pradesh Clears Websol’s 4 GW Solar Project

13 Jan 2026 CW Team

Websol Energy System Limited has received approval from the Government of Andhra Pradesh for its proposed greenfield 4 GW solar cell and 4 GW solar module manufacturing project. The approval was granted through a government order issued by the state’s Industries and Commerce Department.

The manufacturing facility will be set up at MPSEZ in Naidupeta, Tirupati district, Andhra Pradesh. The approval follows a memorandum of understanding signed with the Andhra Pradesh Economic Development Board on 15 November 2025.

Under the government order, Websol will be eligible for an incentive package that includes land allotment support, fixed capital investment subsidy, power tariff reimbursement, exemption from electricity duty, subsidy on industrial water charges, and exemptions from stamp duty and registration charges.

As part of the project, the company also plans to develop a 100 MW captive solar power plant. The captive facility is expected to ??????? reliable access to renewable energy for the manufacturing operations while improving operating cost efficiencies.

Commenting on the approval, Sohan Lal Agarwal, Managing Director of Websol Energy System Limited, said the government order enables the company to contribute meaningfully to India’s renewable energy ambitions and the Atmanirbhar Bharat initiative. He added that Andhra Pradesh’s supportive industrial ecosystem provides a strong foundation for executing Websol’s solar cell and module expansion strategy and that the company will continue to update stakeholders as the project progresses.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..