These are India’s top renewable energy companies and their financial performance
Renewable energy has gained incredible momentum in 2024, increasing India’s renewable energy capacity by an extent and helping India to reach its 2030 energy goals. Talking about renewable energy, several listed companies in the stock market have given staggering return this year to investors.
These companies are among the steppingstone that led India’s foundation to meet its energy targets with renewable energy by 2030. Here, we’ll take a look at India’s top renewable energy companies and their financial information so that you can make a wise decision and contribute to country’s energy targets. Let’s dive in.
Highlights
- Waaree Energies’ stock gained over 12% this week and hit an all-time high of Rs. 3,445.45 on 12th December.
- AGEL’s shares surged 9% in intraday on Thursday and closed at Rs. 1,198 on Friday.
- NGEL’s stock gained 1% this week and was at Rs. 143.9 during its closing on Friday.
- Inox Wind’s stock declined 2.87% on Friday and closed on Rs. 10, 999.95 on Friday.
1. Waaree Energies
Waaree Energies is India’s top solar module and cell manufacturing company. It recently received 170 MW solar plant order from RUMSL and a historic 1GW solar module supply order, further solidifying company’s presence in the market. The company is among the most reputed solar energy players in the sector that has offered incredible return to the investors. Waaree Energies’ stock gained over 12% this week and hit an all-time high of Rs. 3,445.45 on 12th December.
2. Adani Green Energy (AGEL)
Adani Green Energy (AGEL), Adani Group’s subsidiary is among India’s biggest solar energy company when it comes to overall power generation, sales and distribution. The company recently increased its operational capacity of 11434 MW after bagging a 250 MW solar project in Jodhpur. Talking about company’s stock performance, AGEL’s shares surged 9% in intraday on Thursday and closed at Rs. 1,198 on Friday.
3. NTPC Green Energy
India’s biggest energy company’s green arm, NTPC Green Energy Limited recently bagged an order of 500 MW from SECI with a tariff of Rs. 3.52/ kWh. The company’s stock gained 1% this week and was at Rs. 143.9 during its closing on Friday.
4. Inox Wind Energy Ltd
Suzlon’s rival wind energy company, Inox Wind is among India’s leading wind energy companies. It recently announced its new manufacturing venture via ‘Inox Solar’ and targets 5GW solar module capacity and 2.5 GW solar cell capacity by 2026. Company has allocated Rs. 1,500 Crore for its new manufacturing plant. Company’s stock declined 2.87% on Friday and closed on Rs. 10, 999.95 on Friday.
Disclaimer: This article is only for informational purposes and should endorse any investment advice.
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