The table below shows the Best Renewable Energy Stocks in India based on market cap.

Explore our comprehensive guide on the Best Renewable Energy Stocks in India to kickstart your sustainable investment journey!

 Top Renewable Energy Companies 

India’s shift towards renewable energy is gaining momentum, and the market for renewable energy stocks is flourishing. From established leaders to innovative newcomers, these stocks represent the forefront of sustainable investment opportunities in the country. Discover the top players shaping India’s renewable energy future

Why invest in renewable energy stocks? Discover the top performers in the sector and gain valuable insights in our blog.

Adani Green Energy Ltd

Adani Green Energy Limited (AGEL), an India-based holding company, specializes in renewable power generation and related activities. It develops, owns, and operates utility-scale grid-connected solar and wind power projects across multiple states in India. AGEL serves various markets including local, state, and national levels with projects located in states like Gujarat, Punjab, Rajasthan, Maharashtra, and others. The company sells power generated from these projects through long-term power purchase agreements and on a merchant basis.

NHPC Ltd

NHPC Limited, an India-based company, specializes in generating and selling bulk power to utilities. Its activities include project management, construction contracts, and power trading. NHPC is constructing eight hydropower projects with a total capacity of approximately 6434 MW. The company also offers consultancy services for hydropower projects. Subsidiaries include Loktak Downstream Hydroelectric Corporation Limited and Bundelkhand Saur Urja Limited.

SJVN Ltd

SJVN Limited, based in India, primarily focuses on electricity generation and tariff collection. It offers hydro, wind, and solar power generation, along with consultancy and transmission services. The company operates in thermal, hydro, wind, and solar power sectors, as well as power transmission, consultancy, and trading. It has diversified into wind and solar power generation with projects in Maharashtra and Gujarat, alongside operational solar projects totaling 81.3 MW.

Jaiprakash Power Ventures Ltd

Jaiprakash Power Ventures Limited is involved in thermal and hydropower generation, cement grinding, and captive coal mining. It operates the Jaypee Vishnuprayag Hydro Electric Plant, Jaypee Nigrie Super Thermal Power Plant, and Jaypee Bina Thermal Power Plant. Additionally, it runs a Cement Grinding Unit in Singrauli, Madhya Pradesh. Serving markets in Madhya Pradesh and Uttar Pradesh, its subsidiaries include Jaypee Powergrid Limited and Jaypee Meghalaya Power Limited.

Orient Green Power Company Ltd

Orient Green Power Company Limited, based in India, focuses on generating power from renewable sources, primarily wind energy. It possesses a portfolio of 402.3 MW of wind assets across Tamil Nadu, Andhra Pradesh, Gujarat, and Karnataka, with an additional 10.5 MW wind farm in Croatia, Europe. Subsidiaries include Beta Wind Farm Private Limited, Bharath Wind Farm Limited, and Orient Green Power Europe BV, among others.

BF Utilities Ltd

BF Utilities Limited, an India-based holding company, primarily focuses on electricity generation from windmills and infrastructure activities. It operates through two segments: windmills and Infrastructure. The wind farm project includes over 51 wind energy generators. Its Infrastructure segment encompasses subsidiaries like Nandi Highway Developers Ltd (NHDL) and Nandi Infrastructure Corridor Enterprises Ltd (NICE), which operate a bypass road in North Karnataka and implement the Bangalore Mysore Infrastructure Corridor (BMIC) Project, respectively.

KP ENERGY Ltd

KPI Green Energy Limited, an India-based solar power company, focuses on solar power generation through various business verticals. It develops, owns, and operates solar power plants under the Solarism brand, serving as an Independent Power Producer (IPP) and Captive Power Producer (CPP). The IPP segment sells power units from its grid-connected solar projects, while the CPP segment develops and transfers such projects to customers. Operations are primarily located in Gujarat, with services including operation and maintenance and land parcel sales for solar plant development.

Indowind Energy Ltd

Indowind Energy Limited, based in India, focuses on developing wind farms, managing wind assets, and generating Green Power for sale to utilities and corporates. The company specializes in generating Green Power through its dedicated wind farms and provides allied services in the wind energy sector. Its services include Green Power Sales (GPS), Project Management Services (PMS), Asset Management Services (AMS), and Value Addition Services (VAS) in the power sector.

Energy Development Company Ltd

Energy Development Company Limited, an India-based firm, generates clean electricity from water and wind in its power plants. It also undertakes energy and infrastructure projects for other developers. Its divisions include Generating, Contract, and Trading, involved in electricity generation, project development, and power equipment trading, contributing to the sustainable growth of the power sector in India.

WAA Solar Ltd

Waa Solar Limited, an India-based firm, focuses on solar power generation by establishing solar power projects and investing in associated special purpose vehicle (SPV) companies. The company specializes in engineering, procurement, and construction (EPC) for solar projects. Its projects range from a 10 MW Solar PV Grid Interactive Power Plant to smaller installations across various locations in India. Subsidiaries include Madhav Solar (Vadodara Rooftop) Private Limited and others.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time.