Websol energy system ltd

The answer for loan and machinery is lying in this announcement. I will explain here. Under PLI scheme, there are two terms. Manufacturing capacity (Govt’s aim to promote local manufacturing) and eligible capacity (Incentive on sale of goods to attract investment). Any applicant should apply for min.1 GW or above capacity to be eligible under PLI scheme. So, AMP energy applied for 1 GW, However, As per PLI scheme only 50% of the applied capacity will be accepted for benefit but Govt. accounts complete applied capacity as the outcome of PLI scheme. So, out of applied 1 GW, they are getting PLI benefit for 500 MW.

An extract from PLI tender document is as follows;
A Bidder, including its Parent, Affiliate or Ultimate Parent or any Group Company shall
submit a single bid undertaking to set up a Manufacturing facility of minimum 1,000
MW capacity (1,000 MW each for all individual stages included in the SMM’s
proposal). For eg., in case a bidder quotes 1000 MW capacity under the RfS for
P+W+C+M category, the committed manufacturing capacities in each Stage, to be
eligible for grant of PLI, shall be as follows:
Stage-1: 1000 MW
Stage-2: 1000 MW
Stage-3: 1000 MW
Stage-4: 1000 MW
The above criteria of Stage-wise break-up of manufacturing capacity will not be
applicable for Bidders committing to set up a Fully integrated manufacturing of Thin
Film plant or a fully integrated plant of any other technology.
5.2 The maximum capacity that can be bid for, i.e., the manufacturing capacity that a bidder will set up under this RfS, will be 10 GW for P+W+C+M and 6 GW each for W+C+M and C+M categories. However, the maximum capacity that will be awarded to a single bidder under the PLI scheme, i.e. the maximum capacity which will be eligible for grant of PLI, will be 50% of the capacity to be set up by the Bidder. This awarded maximum bid capacity will include any capacity awarded as per LoA issued by M/s IREDA under Tranche-I of the PLI Scheme for High Efficiency Solar PV Modules

in this case, The JV was formed foreseeing this outcome and they got it. So, Factory premises and labour is from Websol and Investment of machinery for Monoperc line of 1.2 GW is from AMP energy. in return, AMP will offtake 550 MW modules from this JV and Websol would sell 650 MW Cells/Modules in the open market preferably export market.
As very few information available in public, this is my Interpretation and it may be wrong. referred PLI tender document and below attached article.
https://www.mercomindia.com/websol-amp-energy-form-jv-manufacture-solar-cells-modules