We live in times when clean and green energy is at the center of the revolution. Solar Panels, Wind Turbines, and other such devices are taking the centre stage, and solar and wind energy are slowly replacing non-renewable sources of energy. No wonder companies that operate in these fields are seeing themselves getting government backing while also seeing investors taking interest in their stocks. And so today we will focus on a list of top solar companies in India listed in stock market. This information will help you learn about the solar energy stocks in India that might have a lot of potentials to help grow your investment.
Solar Panels are easier to use in commercial and residential areas as compared to Wind Turbines which makes them more profitable in these segments at least and thus for this reason we will now be focusing on the list of top solar companies in India listed in stock market that you can add to your portfolio.
Let’s begin with Urja Global Ltd., a renewable energy developer and operator primarily engaged in the design, consultancy, integration, supply, installat
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Also Read: Top 3 Green Energy Stocks in India
Next, we have TATA Power Solar, a subsidiary of the renowned Tata Power Company Ltd., one of India’s largest integrated power companies. TATA Power Solar is a leading solar energy solutions provider, offering a comprehensive range of services, including manufacturing solar cells and modules, project development, and system integration. India’s largest floating solar power project was developed by TATA Power Solar.
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Moving on, we have INDOSOLAR Ltd., an India-based company engaged in manufacturing solar photovoltaic (PV) cells and modules. INDOSOLAR operates through the manufacturing of solar cells segment and provides PV modules for residential, commercial, and utility-scale installations. By capacity, they happen to be the largest manufacturer of PV cells in India.
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Despite facing challenges in recent years, INDOSOLAR remains a notable player in the Indian solar manufacturing industry with Total Revenue Growth of 39.68% after remaining in negative in last 4 years.
Next, we have Waaree Energies Ltd., a leading solar energy solutions provider in India. It has a presence in more than 360 locations in India while globally they are present in 68 other countries. Waaree Energies is engaged in the manufacturing of solar photovoltaic modules, as well as offering engineering, procurement, and construction (EPC) services for solar power projects.
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Financial Highlights of Waaree Energies Ltd:New Delhi Wealth Management
Waaree Energies has carved a niche for itself in the Indian solar industry, leveraging its manufacturing capabilities and EPC expertise.
Also Read: Top 10 Rooftop Solar Companies in India
Last but not least, we have Vikram Solar, a prominent solar module manufacturer and integrated solar energy solutions provider in India. Vikram Solar specializes in manufacturing solar PV modules and offers engineering, procurement, and construction (EPC) services, as well as operations and maintenance (O&M) services for solar power plants.
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Vikram Solar has established itself as a leading player in the Indian solar energy industry, with a strong focus on innovation, quality, and customer satisfaction. Its upcoming IPO is expected to further strengthen its position in the market.
So those are some of the top solar companies in India listed in stock market whose stocks might be a good buy at the moment if at all you are interested in investments and making profits from it.
Also See: 6 Top Solar Racking Manufacturers
Solar Panels happen to be one of the most popular solar-based products, however, there are more products associated with themHyderabad Stocks. For this reason, it is now time for us to look at solar energy stocks in India listed on stock exchange which you can also consider investing in for making profits.
Founded in 1990 Websol Energy Systems Ltd. is a solar energy stock that is listed on the Indian stock exchange. It is a small-cap stock but that should not paint a bad picture of the stock since the company is in the field of manufacturing photovoltaic monocrystalline solar cells and modules which also meet ISO standards which is why they have a great future ahead.
Also Read: 10 Best Solar Panel Company in India
Manufacturing of Solar PV Modules, Solar Lightning products, and various other Solar Projects are undertaken by Surana Solar. The company belongs to the well-known Surana group which also has other companies catering to fields such as wind power, telecommunications, metal processing, and more.
Ujaas Energy Ltd. is another one of the top solar energy-based companies that are listed on the stock market. The company has its stocks listed on both NSE and BSE and they also have ISO certification to add more value to its name. Having been founded in 1979 they happen to be one of the oldest companies to operate in this field. They operate plants as well as manufacture and sell solar power systems.
Also See: 6 Best MPPT Solar Charge Controllers
Part of Madhav Corp. Waa Solar Ltd. is a small-cap stock. The company was founded back in 2009 and they focus on generating solar power. The headquarters of this company was in Maharashtra earlier but it was shifted to Gujarat later. They have executed big projects and continue to bag more with parties such as the Airport Authority of India and more.Kolkata Wealth Management
Also Read: What are Frameless Bifacial Solar Panels?
Gita Renewable Energy Ltd. might not be one of the top solar panel manufacturers in India listed in stock exchange but it still is one of the best solar energy stocks around. The company is concerned with power generation from sources like solar, wind, and hydro. Since it deals with multiple renewable sources of energy it might be a great bet to make for the future as its stock may rise significantly.
ISO-certified Synergy Green Industries Ltd. is another top company in the field of solar-based products in India. They boast about having India’s largest automated fast loop molding line for large castings. The company is a part of the Shirgaokar group which has been around for seven decades. The company stock is listed on BSE and might be a good pick for investors.
Also Read: Top 30+ Renewable Energy Companies in India
Having started as a private limited company in 1985, XL Energy LtdAgra Wealth Management. went public in 1990. The company was incorporated in Hyderabad and works to provide end-to-end solutions in the field of solar power. The company produces Solar Photovoltaic Modules and they have also started an EPC division. They boast almost two decades of experience in this field and are one of the market leaders in this segment.
Surely Adani Solar needs no introduction. The company belongs to the group of Adani companies and operates in the field of solar-based projects and products. Adani’s Solar subsidiary is number one in a lot of solar-related aspects and for their work in this field, the company has won multiple awards. The company is primarily into manufacturing solar cells and models. They also happen to be the largest solar panel installers in India.
KPI Green Energy Limited was formerly known as KPI Global Infrastructure Limited. The company is concerned with generating solar power and it belongs to the KP Group of GujaratAhmedabad Stock. The company was incorporated back in 2008 and they develop, build, own, operates, and maintain solar power plants.
Also Read: Solar Panel Comparision Guide: Jinko vs Longi
Zodiac Energy is a company that claims to be the best solar EPC company in Gujarat India and so maybe we should pay some heed to it. Just like we had some top solar panel manufacturers in India listed in stock exchange, we also have other solar energy-based companies on this list and this is one of the best ones on it. This ISO-certified company started as Zodiac Genset Private Limited in 1992 before taking on its present-day name.
And with that, you now have 15 names of stocks that operate in the renewable sector which is where the present is headed in the future. Hopefully, banking on these stocks can take your portfolio the desired way.
The Indian solar manufacturing industry is poised for strong growth driven by domestic demand from utility and rooftop projects as well as potential export opportunities. However, competition remains intense with cheap imports still holding a major market share.
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