Websol Signs MoU For 4 GW Solar Manufacturing Plant In Andhra

18 Nov 2025 CW Team

Websol Energy System Limited, a leading manufacturer of high-efficiency solar cells and modules, has entered into a Memorandum of Understanding (MoU) with the Andhra Pradesh Economic Development Board (APEDB).

The MoU, signed through Websol Renewables Private Limited, a wholly owned subsidiary of Websol, marks the initial step in exploring the development of a 4 GW integrated solar cell and module manufacturing facility in Andhra Pradesh.

Speaking on the development, Mr Sohan Lal Agarwal, Managing Director of Websol Energy System, said the agreement represents a significant milestone in the company’s strategic expansion. He noted that Websol announced its plan in September 2025 to set up the 4 GW solar facility in two phases, which will take its total capacity to 5.2 GW. With more than three decades of technical expertise in solar-cell manufacturing, Websol aims to scale up production of high-efficiency solar products for customers across India.

Mr Agarwal added that this investment phase underscores Websol’s commitment to supporting India’s clean-energy ambitions and creating long-term value for all stakeholders

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..