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Both parties have agreed to explore the opportunity of manufacturing Photovoltaic (PV) ingots and wafers in India, where Websol intends to acquire PV ingot and wafer manufacturing equipment from Linton.
As part of this relationship, Linton will also extend technical expertise, including the training and skills development of Websol's team, to ensure equipment related operations and processes are optimised.
Linton Crystal Technologies, headquartered in Rochester, New York, is a global leader in the design and manufacturing of Czochralski (CZ) furnaces and process control systems. It offers comprehensive solutions for growing high-quality crystals, including those used in the photovoltaic industry. With over three decades of innovation, Linton provides a wide range of equipment, from CZ growers to crystal processing equipment, enabling the efficient production of ingots and wafers for solar applications.
The company stated that as India accelerates its solar capacity expansion in the coming years, the partnership is expected to support the country’s energy security and sustainability objectives while positioning Websol at the forefront of technological advancement in the solar manufacturing sector.
Sohan Lal Agarwal, managing director of Websol Energy System, said, “This partnership with Linton represents yet another milestone in Websol’s strategic journey in building India’s fully integrated solar manufacturing ecosystem. By exploring PV ingot and wafer manufacturing capabilities, we aim to reduce our dependence on key raw material imports and enhance the company’s technology base. Linton is our ideal partner, given their global expertise in ingot and wafer technologies, along with three decades of experience in solar cell and module manufacturing. Together we are well positioned to capture the next wave of opportunities in India’s rapidly evolving solar industry.”
Websol Energy System manufactures solar photovoltaic cells and modules in India. The company supplies solar cells primarily within India, supporting module manufacturers to comply with Domestic Content Requirement norms, while its modules are marketed both in India and internationally.
The company reported a standalone net profit of Rs 46.32 crore in Q2 FY26, up 10.3% from Rs 41.98 crore in Q2 FY25. However, revenue from operations rose 17.2% year-on-year (YoY) to Rs 168.22 crore in Q2 FY26.
Websol Energy System Ltd, Kaynes Technology India Ltd, Inox Green Energy Services Ltd and PDS Ltd are among the other losers in the BSE's 'A' group today, 18 November 2025.
Transformers & Rectifiers India Ltd crashed 6.87% to Rs 310.4 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 2.6 lakh shares were traded on the counter so far as against the average daily volumes of 4.03 lakh shares in the past one month.
Websol Energy System Ltd tumbled 6.12% to Rs 118.8. The stock was the second biggest loser in 'A' group.On the BSE, 2.23 lakh shares were traded on the counter so far as against the average daily volumes of 69070 shares in the past one month.
Kaynes Technology India Ltd lost 5.61% to Rs 5892.8. The stock was the third biggest loser in 'A' group.On the BSE, 6.89 lakh shares were traded on the counter so far as against the average daily volumes of 23106 shares in the past one month.
Inox Green Energy Services Ltd plummeted 5.16% to Rs 237.8. The stock was the fourth biggest loser in 'A' group.On the BSE, 2.43 lakh shares were traded on the counter so far as against the average daily volumes of 1.37 lakh shares in the past one month.
PDS Ltd dropped 4.84% to Rs 382.55. The stock was the fifth biggest loser in 'A' group.On the BSE, 10705 shares were traded on the counter so far as against the average daily volumes of 16120 shares in the past one month.
This MoU, entered into by Websol Renewables, a wholly owned subsidiary of Websol, is the initial stage of exploring the development of a 4 GW integrated solar cell and module manufacturing facility in Andhra Pradesh.