Websol Energy Systems has entered into a production agreement with Exide Industries. Accordingly, Websol will manufacture and supply 10-MW of Photo Voltaic Modules per month comprising 40 MW, to EIL, under the Exide brand at its factory at Falta SEZ. The agreement is valid till December 31, 2018 and may be renewed on mutually agreed terms and conditions. Shares of Websol Energy jumped 4.97 per cent at ₹42.25 on the NSE while those of Exide ended flat at ₹274.70.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.