January 9, 2018 / 7:06 AM / 13 days ago

BUZZ-India's solar power stocks rise on import duty proposal

** Shares of solar power companies such as Websol Energy System Ltd surge after a government body proposes 70 pct duty on imports of solar cells (bit.ly/2FheV2T)

** Solar cells are “being imported into India in such increased quantities and under such conditions so as to cause or threaten to cause serious injury” to domestic manufacturers, says a report by the Directorate General of Safeguards, which is part of the Central Board of Excise and Customs

** Websol Energy System Ltd climbs as much as 11.1 pct to 167 rupees, its highest since April 15, 2010

** Indosolar Ltd gains 3.4 pct, while Ujaas Energy Ltd was up 2 pct

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below