Websol Energy System Ltd 2023 AR2
The report highlights Websol Energy System Limited's strategic transition during the fiscal year 2022-23, where the company discontinued its multi-crystalline cell line to upgrade to advanced Mono PERC technology. This transition temporarily reduced operational revenues to ‑17.22 crore, resulting in a net loss of ‑23.69 crore. Despite the temporary shutdown, the company strengthened its financial position by reducing liabilities and maintaining a low debt-equity ratio of 0.14. Websol also prioritized health, safety, and environmental compliance, maintaining its ISO 14001 and ISO 45001 certifications while actively planning for a capacity expansion to 600 MW for solar cells and 550 MW for solar modules.
Company: Websol Energy System Ltd
Sector: Information Information Technology
Country: India
Year: 2023
Type: AR2
Pages: 161
Websol Energy System Ltd
Annual Report
The report highlights Websol Energy System Limited's strategic transition during the fiscal year 2022-23, where the company discontinued its multi-crystalline cell line to upgrade to advanced Mono PERC technology. This transition temporarily reduced operational revenues to ‑17.22 crore, resulting in a net loss of ‑23.69 crore. Despite the temporary shutdown, the company strengthened its financial position by reducing liabilities and maintaining a low debt-equity ratio of 0.14. Websol also prioritized health, safety, and environmental compliance, maintaining its ISO 14001 and ISO 45001 certifications while actively planning for a capacity expansion to 600 MW for solar cells and 550 MW for solar modules.
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Document Details
Report Year
2023
Reporting Period
Apr 1, 2022 - Mar 31, 2023
Fiscal Year
2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Total Waste
Employees