Leading solar power, wind turbine, and renewable energy companies in India: Tata Power, Suzlon Energy, Inox Wind, Sterling & Wilson, and KPI Green. Track capacity, ALMM, and rooftop solar.
India has set a statutory target to establish 500 Gigawatts (GW) of non-fossil electricity capacity by 2030, sparking an unprecedented capital deployment supercycle across solar PV, wind generation, and battery storage. With initiatives like the PM Surya Ghar Muft Bijli Yojana targeting 10 million residential solar rooftops, domestic manufacturers and engineering specialists benefit from the Approved List of Models and Manufacturers (ALMM) mandate, which bars cheap imports and guarantees high factory utilization for domestic solar wafer and cell producers.
Identifies solar module manufacturers, renewable utility operators, and balance-of-plant EPC leaders driving India's 500 GW non-fossil capacity mandate by 2030.
symbol IN ('SUZLON', 'TATAPOWER', 'WAAREEENER', 'PREMIERENE', 'INOXWIND', 'KPIENERGY', 'SWNSOLAR', 'BORORENEW', 'GENSOL', 'JSWENERGY') OR industry ILIKE '%solar%'| Company | Price (₹) | Market Cap | P/E | ROCE | Div Yield | 3Y Sales Gr. | Action |
|---|---|---|---|---|---|---|---|
1. SOLAR INDUSTRIES (I) LTD SOLARINDS • Basic Materials | ₹18,608 | ₹2,01,702 Cr | 98.4 | 43.3% | 6.00% | 41.7% | Analyze |
2. TATA POWER CO LTD TATAPOWER • Utilities | ₹352.5 | ₹1,16,518 Cr | 22.2 | 11.1% | 70.00% | -4.2% | Analyze |
3. JSW ENERGY LIMITED JSWENERGY • Utilities | ₹524.95 | ₹96,465 Cr | 38.9 | 8.5% | 40.00% | 35.4% | Analyze |
4. SUZLON ENERGY LIMITED SUZLON • Industrials | ₹38.8 | ₹60,646 Cr | 19.3 | 172.2% | - | 45.2% | Analyze |
5. PREMIER ENERGIES LIMITED PREMIERENE • Technology | ₹890 | ₹43,980 Cr | 23.4 | 36.1% | 17.00% | 26.7% | Analyze |
6. INDIAN RENEWABLE ENERGY IREDA • Financial Services | ₹111.46 | ₹31,382 Cr | 15.9 | 9.5% | 135.00% | -44.8% | Analyze |
7. ACME SOLAR HOLDINGS LTD ACMESOLAR • Utilities | ₹394.95 | ₹28,414 Cr | 45.4 | 9.8% | 5.00% | 47.5% | Analyze |
8. EMMVEE PHOTOVOLTAIC PWR L EMMVEE • Technology | ₹251.31 | ₹23,955 Cr | 18.8 | 87.6% | 32.00% | 84.1% | Analyze |
9. INOX WIND LIMITED INOXWIND • Industrials | ₹64.8 | ₹13,221 Cr | 31.6 | 32.7% | - | 31.0% | Analyze |
10. BOROSIL RENEWABLES LTD BORORENEW • Technology | ₹403.2 | ₹7,295 Cr | 17.5 | 82.9% | - | -9.4% | Analyze |
11. SAATVIK GREEN ENERGY LTD SAATVIKGL • Technology | ₹358.6 | ₹5,033 Cr | 20.5 | 23.2% | - | 46.5% | Analyze |
12. STRLNG & WIL REN ENE LTD SWSOLAR • Technology | ₹149.13 | ₹4,209 Cr | - | 23.8% | - | 141.3% | Analyze |
13. SOLARA ACTIVE PHA SCI LTD SOLARA • Healthcare | ₹633.7 | ₹3,615 Cr | - | 24.7% | - | 15.6% | Analyze |
14. RAVINDRA ENERGY LIMITED RELTD • Technology | ₹138.95 | ₹3,090 Cr | 51.8 | 27.8% | - | 28.2% | Analyze |
15. INSOLATION ENERGY LIMITED INA • Technology | ₹71.79 | ₹2,050 Cr | 10.5 | 21.1% | - | - | Analyze |
16. ONIX SOLAR ENERGY LTD. ONIXSOLAR • Technology | ₹296.15 | ₹1,617 Cr | 25.8 | 81.3% | - | - | Analyze |
17. SOLARWORLD ENERGY SOL LTD SOLARWORLD • Technology | ₹108.97 | ₹1,226 Cr | 10.5 | 33.7% | - | 150.0% | Analyze |
18. SWELECT ENERGY SYS LTD SWELECTES • Technology | ₹609.2 | ₹882 Cr | 20.0 | 8.6% | 60.00% | -13.6% | Analyze |
19. SOLEX ENERGY LIMITED SOLEX • Technology | ₹656.45 | ₹755 Cr | 9.2 | 29.5% | 8.00% | 107.5% | Analyze |
20. SURANA SOLAR LIMITED SURANASOL • Technology | ₹22.84 | ₹126 Cr | 19.1 | 35.8% | - | -8.7% | Analyze |
21. GENSOL ENGINEERING LTD GENSOL • Technology | ₹9.65 | ₹55 Cr | 0.6 | 3.9% | - | - | Analyze |
Tata Power is the most diversified renewable utility titan, operating gigawatt-scale utility solar farms, massive rooftop solar EPC businesses, and backward-integrated solar cell and module manufacturing lines in Tirunelveli, Tamil Nadu.
The PM Surya Ghar scheme provides ₹75,000 Cr in direct subsidies to solarize 1 crore Indian households. This creates recurring consumer demand for solar panels, micro-inverters, and smart metering solutions provided by domestic listed suppliers.
Solar EPC firms (Sterling & Wilson, Gensol) build solar plants for clients and collect upfront contract revenues without taking on debt. Independent Power Producers (Tata Power, JSW Energy) own the power plants, generating stable long-term cash flows through 25-year Power Purchase Agreements (PPAs).