Moser Baer shares sink as Indian PV makers flounder

Shares of Moser Baer flopped to an all-time low as India’s leading PV manufacturer struggles to take advantage of the fast-growing Indian solar market, and attempts to get its arms round its debt mountain.

Concerns are growing within India about the failure of local manufacturers to make much of a dent in the Indian PV market, which added nearly 500MW in 2010 and 2011, and, despite many remaining challenges, is expected to expand feverishly over the coming decade.

Delhi is eager to create and maintain a large and sustainable domestic solar market to meet India’s gaping energy gap. But an important secondary motivation for establishing the National Solar Mission (NSM) was to foster a new, competitive manufacturing sector capable of competing on the global stage.

The country…

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