India's Websol Energy System jumps on govt approval for solar modules

Websol Energy System

28/09/2021 05:41

** Shares of Indian solar cell manufacturer  WESL.NS  jump
as much as 9.97% to 68.4 rupees 
    ** Co on Monday said its solar module has been approved by
India's new and renewable energy ministry 
    ** Co's module also approved by India's Bureau of Indian
Standards 
    ** Both approvals make WESL modules eligible to be sold in
the domestic market for projects approved under government
schemes, as well as for export 
    ** Around 15,84,677 shares traded as of 0431 GMT, 5.5 times
their 30-day moving avg. of 2,88,322      
    ** Up to Monday's close, stock had risen ~48% YTD 


 (Reporting by Vishwadha Chander in Bengaluru)
 ((Vishwadha.Chander@thomsonreuters.com))