Close to a fifth of the solar panel manufacturer’s revenue in the quarter came from the US.
Sethu PradeepSubscribe to read this story
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The successful listings of Premier Energies and Waaree Energies show a strong appetite for solar manufacturing firms. But investors should be wary of betting on a sector thriving mostly on the back of trade barriers.
With three promoters—Reliance, Shapoorji Pallonji Group and the Daruvala family—the EPC firm is already treading on thin ice. The prospect of a disagreement or distress sale upsetting the delicate balance is a constant worry for investors.
Armed with a war chest, the energy business of the JSW Group plans to duke it out, but in a way that’s uncharacteristic of India’s renewables sector.