Indian solar stocks rise after certification deadline extended
BUZZ-Indian solar stocks rise after certification deadline extended ** India extends deadline for solar panel manufacturers to comply with mandatory Bureau of Indian Standards (BIS) certification
** Waaree Energies WAAN.NS up nearly 2% to 2,876.4 rupees, Premier Energies PEME.NS gains around 3% to 1,073.8 rupees, Vikram Solar VIKO.NS rises about 3.5% to 190.04 rupees, Adani Green Energy ADNA.NS advances 0.19% to 1,507.5 rupees, Borosil Renewables BORO.NS jumps about 7% to 636.85 rupees
** In July 8 gazette notification, Ministry of New and Renewable Energy extended deadline to December 31, 2026 from June 30, 2026
** Extension granted due to limited testing facilities available and time needed for industry to comply
** YTD, WAAN down about 3%, PEME up nearly 28%, VIKO down around 20%, ADNA up 37.26%, and BORO up about 18%
(Reporting by Saikeerthi in Bengaluru)
((Saikeerthi@thomsonreuters.com; (+91) 8296756080))
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