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.
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