Why Websol Energy System Share Price is Rising

Indian stocks ended flat on 24 December 2025, after trading in a narrow range. The BSE Sensex ended marginally lower by 116 points at 85,408.7 points, while the Nifty closed the day lower by 35 points at 26,142 points.

Stronger-than-expected U.S. economic growth boosted investor confidence, but gains were limited due to ongoing foreign fund outflows and thin year-end trading activity.

While the overall sentiments of the markets remained cautious, one stock that stood out as a notable gainer is Websol Energy System.

Websol Energy System is a leading Indian manufacturer of photovoltaic (PV) crystalline solar cells and related solar modules.

Today, its share jumped 14% intraday, grabbing investor attention.

Let's take a closer look at what's driven this surge and whether Websol Energy System's rally can continue.

# Major Tax Liability Cleared

Shares of Websol Energy Systems jumped 14% intraday on 24 December, after the company won a major tax appeal, removing Rs 730.4 million (m) demand that had been hanging over it for years.

The Commissioner of Income Tax cleared a long-standing dispute for the 2017-18 assessment year. Previously, the tax authorities had added Rs 15.1 m in expenses, creating a hefty tax liability.

This demand had been treated as a contingent liability in the company's books, weighing on investors' confidence.

The liability has been eliminated by the appellate authority's decision to set aside the demand. This has improved the company's financial visibility and balance sheet.

This news triggered immediate buying, pushing the stock sharply higher, even though challenges in the broader market remain.

What Next?

Moving forward, Websol Energy System has signed an MoU with Linton, a global leader in PV ingot and water technology, to explore manufacturing solar ingots and wafers in India.

Websol plans to acquire equipment from Linton, which will also provide technical expertise and training to optimise operations. Linton, based in New York, has over three decades of experience in producing high-quality crystals and photovoltaic equipment.

This partnership will help Websol improve its technology, rely less on imports, and support India's solar growth.

With India targeting 280 GW of solar power capacity by 2030, Websol's expanded manufacturing capacity positions it as a key player capable of capturing a larger share of the rapidly growing solar market.

This will significantly increase the company's capacity from its current 600 MW solar cell and 550 MW module lines to 5.2 GW solar cell and 4.5 GW solar module capacities by 2028.

This expansion sets Websol on a strong growth path, making it a major player in India's booming solar industry.

How Websol Energy System Shares Have Performed Recently

Over the last five trading sessions, Websol Energy System shares have climbed 12%.

The stock touched its 52-week high of Rs 189.1 on 8 January 2025 and its 52-week low of Rs 79.85 on 19 December 2025.

About Websol Energy System

Websol Energy System is a leading Indian manufacturer of photovoltaic (PV) crystalline solar cells and related solar modules. The company has grown to become a pioneer in solar energy manufacturing, operating a state-of-the-art facility in the Falta Special Economic Zone (SEZ) in West Bengal.

The company specialises in advanced mono PERC solar cells, including M10 and G12 bi-facial cells, with conversion efficiencies exceeding 23%, and produces high-efficiency solar modules designed for commercial, industrial, and rural electrification applications.

To know more check the Websol Energy fact sheet and latest quarterly results

To know what's moving the Indian stock markets today, check out the most recent share market updates here.

Investors should evaluate the company's fundamentals, corporate governance, and valuations of the stock as key factors when conducting due diligence before making investment decisions.

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