Stocks to benefit after PM Modi plans to expand renewable energy capacity in India by 2030 – EQ
In Short : PM Modi’s push to expand India’s renewable energy capacity by 2030 will benefit sectors like solar, wind, green hydrogen, and energy storage. Key companies poised for growth include Adani Green Energy, Tata Power, Reliance Industries, NTPC, and Suzlon. Firms in solar manufacturing (Vikram Solar) and energy infrastructure (Siemens India) are also set to capitalize on this green energy transition.
In Detail : Indian renewable energy stocks can benefit significantly from G20 renewable energy goals by 2030, as the country aims to achieve 500 GW of renewable energy capacity from the current 200 GW. With an ambitious commitment to improve energy efficiency and promote sustainable practices, companies in the renewable sector are likely to see substantial growth and investment opportunities. Even with Green Hydrogen demands picking up, there are more opportunities to gain for renewable energy companies.
Waaree Energies
Waaree Energies Limited was established in 1990 and it is India’s largest solar PV module manufacturer with a capacity of 12 GW. They focus on providing sustainable energy solutions through manufacturing, EPC services, and project development. Their business model focuses on innovation, quality, and expanding renewable energy accessibility domestically and internationally.
With a market capitalization of Rs. 79,326 Crores, the shares of Waaree Energies Limited were trading on Monday at Rs. 2,761.25 per equity share, up 2.00 percent from its previous day’s close price of Rs. 2,707.05.
Its Revenue from operations grew by 1 percent from Rs. 3,537 Crores in Q2FY24 to Rs. 3,574 Crores in Q2FY25, accompanied by profits of Rs. 320 Crores to Rs. 376 Crores.
Suzlon Energy
Suzlon Energy Limited was founded in 1995 and headquartered in Pune. It is a renewable energy solutions provider specializing in wind turbine manufacturing and wind farm development. Their business model focuses on services from project planning to operations and maintenance, concentrated on sustainable energy solutions and technological innovation across global markets.
With a market capitalization of Rs. 91,443.40 Crores, the shares of Suzlon Energy Limited were trading on Monday at Rs. 67.01 per equity share, up 2.85 percent from its previous day’s close price of Rs. 59.40.
Its Revenue from operations grew by 48 percent from Rs. 1,421 Crores in Q2FY24 to Rs. 2,103 Crores in Q2FY25, accompanied by profits of Rs. 102 Crores to Rs. 201 Crores.
NHPC
NHPC Limited was established in 1975 and is headquartered in Faridabad. It is a public sector enterprise focused on hydroelectric power generation. Their business model includes planning, executing, and maintaining hydro projects, alongside developing solar and wind energy solutions. NHPC sells bulk power to utilities and engages in consultancy services.
With a market capitalization of Rs. 81,173.93 Crores, the shares of NHPC were trading on Monday at Rs. 80.81 per equity share, up 2.12 percent from its previous day’s close price of Rs. 79.13.
Its Revenue from operations grew by 4.12 percent from Rs. 2,931 Crores in Q2FY24 to Rs. 3,052 Crores in Q2FY25, accompanied by a profit of Rs. 1,693 Crores to Rs. 1,069 Crores.
K.P.Energy
K.P. Energy Limited was founded in 2010 and is based in Gujarat. They specialize in wind energy development. The company focuses on engineering, procurement, construction, and commissioning (EPCC) of wind projects. Their business model includes securing wind farm sites, managing power plant operations, and forming partnerships for project execution.
With a market capitalization of Rs. 3,900 Crores, the shares of K.P.Energy Limited were trading on Monday at Rs. 584.75 per equity share, up 3.04 percent from its previous day’s close price of Rs. 567.50.
Its Revenue from operations grew by 184 percent from Rs. 70 Crores in Q2FY24 to Rs. 199 Crores in Q2FY25, accompanied by a profit of Rs. 8 Crores to Rs. 25 Crores.
