Shares of Waaree Energies Ltd., Premier Energies Ltd. and Vikram Solar Ltd. are expected to be in focus on Friday, April 24, following a report on proposed US tariffs on solar imports.
According to a Reuters report, the US Commerce Department has proposed duties of up to 123.04% on solar cells and panels imported from India, Indonesia and Laos.
A final decision on imports from India and Indonesia is expected around July 13, while a ruling on Laos shipments is likely by September 9.
Exposure to exports
| /td> |
Premier
|
WORRY
|
Vikram
|
/tr>
|
Domestic
|
100%
|
71.40%
|
84%
|
|
Export
|
0%
|
28.6%
|
16%
|
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/div>
Speaking to CNBC-TV18, Vikram Solar’s management said that the duty is determined by the origin of the solar cell rather than the location where the module is manufactured.
The company added that it does not expect the move to derail India’s solar growth story, citing that it has already been shifting focus towards the domestic market and has no export exposure impacted by the proposed tariffs.
Waaree Energies also clarified that it does not export modules to the US using India-made solar cells, and therefore does not anticipate any impact from the proposed duties.
The company said its domestically manufactured cells are primarily used for module sales within India.
