India solar stocks rise on plan to mandate local sourcing of key components

Adani Green Energy

18/03/2026 07:17

** Shares of Indian solar companies rise after government proposes local sourcing of key components from June 2028

** Waaree Energies WAAN.NS up 4.16% to 3002.90 rupees, Premier Energies PEME.NS rises 3.03% to 835.80 rupees, Vikram SolarVIKO.NS  gains 3.19% to 191.12 rupees and Adani Green Energy ADNA.NS up 1.21% at 879.25 rupees

** India's renewable energy ministry says the country is  proposing that clean energy firms use only locally made solar ingots and wafers

** Move aims to curb imports, particularly from China, and boost domestic manufacturing as India

** However, most domestic players are yet to operationalise ingot and wafer facilities, with Adani Group among the few with functional capacity

** YTD, WAAN down 2.86%, PEME dropped 3.68%, VIKO lost 22.18% and ADNA down 14.43%

 (Reporting by Surbhi Misra in Bengaluru)

 ((Surbhi.Misra@thomsonreuters.com |  X: https://twitter.com/SurbhiMisra_  |;))