Credit rating agency, CARE has reaffirmed the ‘ CARE BBB-‘ ratings assigned to Websol Energy Systems' long/medium term facilities. The agency has also reaffirmed the assigned ‘PR3’ ratings to the company’s short term facilities.
The aforesaid credit ratings are provided to long / medium term and short term banking facilities availed by the company from its bankers / financial institutions.
Recently, Websol Energy Systems has signed a Joint Venture (JV) pact with Gopika Infrastructure LLP for the development of its land situated at Plot No. 1, Block - GP, Salt Lake Electronics Complex in Kolkata. The said JV agreement will help the company in generating long term value.
Earlier in February, the company had commenced the commercial production of 30 MW with effect from February 21, 2011.
Webel-Sl Energy Systems is a leading producer of Solar Photovotaic Cells and Modules in India. It is one of the fastest growing companies within the solar photovoltaic industry in India with a 30 per cent annual growth rate. Webel Solar has established the reputation for making highly reliable photovoltaic modules for various domestic and commercial applications.
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