Is 93% pledging a major concern for the recent downward spiral.
Does anyone know when will next margin call will come? Is it very close to current market price.
3 Likes
It is very encouraging to see Government taking all the required steps to implement ALMM LIST-II for Solar Cells from July 2026.
MNRE recently published the “Request for Comments on Draft Application Form for applying for enrolment in ALMM (Approved List of Models and Manufacturers) for Solar PV Cells.”
However, As many of us are anticipating a huge supply shortage of India made solar cells for next three years, Govt. may postpone the implementation. Only time will answer with clarity.
2 Likes
Not sure if this is the case in the Websol but this is a pattern observed across markets in which promoter have pledged significantly, stocks are correcting
1 Like
MNRE notification on Dec 9 2024 regarding ALMM list 2 .
The gist is that all govt tenders post Dec 9 ,2024 shall be mandated to have cells from ALMM list 2 ( Approved list of cell manufacturers) .
Basically the question is how soon can the players set up their cell capacities. Can Websol reach 1.8 GW by then.
Waaree will be having 5.6 Gw cell capacity + 6 Gw integrated capacity coming up in Odisha most probably. Premier will have 3 GW cell ( 2 current + 1 Gw Top Con ) + another 4 Gw in the pipeline so total 7 Gw cell capacity.
Another big variable is technology obsolescence . Higher efficiency Top con is priced same in the market as Mono PERC . It’s projected that even TopCon will be overtaken by HJT , Perovskite and Tandem in no time.
That’s probably the reason why Websol and Premier have accelerated their depreciation . Most of the companies are getting into the capex cycle now to participate in the cell race .
Disc : Invested in Websol with recent additions.
1 Like
Websol will soon announce about their third phase capex I guess
And mono perc can be converted to topcon easily it’s not like they have to scrap and re do it
I guess what could work in websol side next 2-3 years is that demand will outplay supply atleast for 3 years as cell manufacturing needs expertise that’s not available in India except 3-4 companies and also cell requires lot of capex unlike modules
I see lot of announcements and mous by many module makers but not many will be successfull in executing it or have the money to do cell capex as of now
1 Like
Also presently DCR applies to rooftop solar and solar pumps majorly and some percentage of utility scale projects
Both roop top and pumps are exploding in adoption so demand should be good even if there is delay in implementation of ALCM across the board due to low capacities
1 Like
From what wafers type websol is making there cells? Undiffused silicon wafer (commonly called a ‘Black Wafer’) or blue wafers? Does anyone knows?
Read more at: MNRE: Solar Cells Made With 'Blue Wafers' Won't Qualify As DCR
MNRE: Solar Cells Made With 'Blue Wafers' Won't Qualify As DCR
1 Like
As per an ET article, India would not be able to meet its projected increase in energy consumption with 400 GW of renewable power by 2030, India needs to increase power production by 200 GW more to 600 GW by 2030.
This is as per average projected consumption rate of 5.8%, however if our consumption increases at a faster pace, capacity increase may increase from 600 MW.
1 Like
https://www.bseindia.com/xml-data/corpfiling/AttachLive/5f80288e-fd06-4896-97e8-4267321251e2.pdf
V. The Authorized Share Capital of the Company is Rs. 60,00,00,000/- (Rupees Sixty Crores only)
divided into 6,00,00,000/- (Six Crores only) Equity Shares of Rs. 10/- (Rupees Ten Only) each.
It is 4.22 Crs shares at present. More equity dilution coming ?.
Hi,
Thanks for the screenshot. I am looking at the possible future equity dilution to fund the capex. Technically they can issue up to 1.66 Crs shares to investors to raise capital. Around 12 L warrants are already pending for conversion.
It would be nice if they could raise capital without much equity dilution.
1 Like