Anti- Dumping Duty on Solar cells imported from China PR region based on the request of FS India Solar Ventures & Jupiter International Limited. The Commerce department initiated the investigation on 30-09-2024 and requests information and submission from interested parties to determine the existence of dumping on or before 30-10-2024.
If the investigation outcome is positive then it should benefit the Domestic manufacturers of Solar cell. Websol is a SEZ unit. so, It is technically not a domestic industry. However, they are eligible to sell in DCR market and ALMM for Cell is expected by April 2026. So, more good things are waiting for Indian Solar cell players.
But the issue with Solar Cell is it is highly complicated tech. It is difficult to master quickly. Scaling up will take a long time as Cell breakage is very high in addition to achieving desired efficiency. Websol is one of the oldest players in India mastered this technology early. Premier is also good to some extent. New players who are still in planning stage like Waaree, Vikram, etc., and all other Module only players would find it difficult to scale up the production with desired output.
So, achieving a handful of domestic cell production by April 2026 is a big question mark. We have to wait and see as how this industry will evolve in FY26.
On the other hand, Any positive outcome will impact the margins of Module only players and EPC companies as their input cost will increase equivelent to ADD %.
Just my opinions. I may be completely wrong. Opposite views are welcome.
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