The Commerce Ministry’s Directorate General of Trade Remedies (DGTR) has initiated a probe whether to continue with the imposition of safeguard duty on solar cells following an application made by domestic companies for the same.
India Ratings and Research (Ind-Ra) has maintained a stable outlook on the overall infrastructure sector for FY21, while revising the outlook on toll roads and wind sector to negative from negative-to-stable and stable, respectively.
The ratings of solar power projects are likely to remain stable next financial year (2020-21). However, there could be some slippages in construction timelines due to delays in the import of modules from China.
The outlook for the wind energy sector looks negative on the back of uneven plant load factor performance, weak counterparties and a few weak operations and maintenance contractors.