New Delhi, February 25 Vikram Solar and Waaree Energies do not foresee any significant negative or limited impact from the US decision to impose countervailing duties on certain solar products from India.
Gyanesh Chaudhary, CMD, Vikram Solar, said, "The recent US preliminary AD/CVD duties specifically apply to cells of Indian origin. Our US order strategy was not based on sourcing Indian cells; we already operate with a diversified supply chain for that market, including sourcing from regions with lower tariff exposure. As a result, the direct financial impact on us is limited."
With the Cabinet's decision to ease evacuation infrastructure, the company expects installation momentum to accelerate further, he noted.
This strength is reflected in recent wins such as a 378.75 MW module order from Indian Oil–NTPC Green Energy for a large-scale project in Gujarat, he pointed out.
"At this stage, the company does not anticipate any significant negative impact on its ability to fulfill its US order book," said Abhishek Pareek, Group Head Finance, Waaree Energies.
He said that this comment refers to the recent announcement by the US Department of Commerce regarding the imposition of preliminary countervailing duties of 126 per cent on certain solar imports from India.
The company said that during the first nine months of FY26, it has continued to increase its shipments to the US despite the earlier imposition of a 50 per cent duty on imports from India.
The company is in the process of further expanding its US manufacturing capacity to approximately 4.2 GW by the end of the current financial year, subject to operational ramp-up timelines and other customary factors.
