India, Feb. 25 -- Shares of Indian solar companies tumbled sharply on Wednesday after US President Donald Trump announced steep tariffs on solar imports from India, triggering concerns over export prospects to one of their biggest overseas markets.

By 1 pm, shares of major solar players were firmly in the red, according to BSE data. Waaree Energies Ltd was down 11.23 per cent, while Premier Energies Ltd slipped 6.85 per cent and Vikram Solar Ltd declined 5.50 per cent.

The losses were steeper earlier in the session. Waaree Energies had plunged as much as 15 per cent intraday before trimming some of the decline, putting the stock on course for its worst-ever trading day. Premier Energies and Vikram Solar also fell sharply, dropping up to...