Synopsis:
The solar sector has urged the government for higher pre-budget support, including funding, cheaper green loans, and expanded PLI. Key renewable-focused stocks like Adani Green, JSW Energy, Borosil, Sterling & Wilson, and Waaree could benefit from these measures.
The solar industry, during the Finance Ministry’s pre-budget consultations, strongly emphasized the need for higher government allocation to support large-scale capacity expansion across manufacturing and solar project development. It also sought access to cheaper financing through discounted green energy loans, which would lower project costs and make renewable installations more viable.
Additionally, industry players pushed for increased funding under the PM Surya Ghar rooftop solar scheme to meet growing consumer demand and accelerate residential solar adoption.
Alongside financial support, the sector called for an expansion of the Production-Linked Incentive (PLI) scheme to cover more components such as advanced solar equipment, battery storage systems, and electrolysers critical for green hydrogen production.
The industry also highlighted the urgent need to strengthen national grid infrastructure and improve green energy corridors to ensure seamless evacuation and transmission of renewable power. These measures, collectively, are expected to boost domestic manufacturing, reduce import dependence, and enable India to scale renewables more efficiently.
Stocks to benefit
Adani Green Energy Ltd
Adani Green Energy is India’s largest utility-scale solar developer, with a strong project pipeline across renewable parks. The company stands to benefit from government support for grid-connected solar capacity, large-scale renewable tenders, and improved transmission infrastructure, strengthening its long-term growth outlook.
With market capitalization of Rs. 1,67,159 cr, the shares of Adani Green Energy Ltd are currently trading at Rs. 1,030 per share, from its previous close of Rs. 1,012.10 per share.
JSW Energy Ltd
JSW Energy is rapidly expanding into green energy, focusing on solar, wind, and battery energy storage systems (BESS). Its investments align well with potential PLI scheme expansion and policy incentives, positioning the company to accelerate its renewable portfolio and enhance profitability.
With market capitalization of Rs. 84,067 cr, the shares of JSW Energy Ltd are currently trading at Rs. 481 per share, from its previous close of Rs. 476.80 per share.
Borosil Renewables Ltd
Borosil Renewables, India’s leading solar glass manufacturer, is uniquely placed to benefit from import substitution and strong domestic module demand. Expanded PLI support for solar manufacturing and rising installations can drive higher capacity utilization and stronger revenue growth.
With market capitalization of Rs. 7,924 cr, the shares of Borosil Renewables Ltd are currently trading at Rs. 595 per share, from its previous close of Rs. 583.35 per share.
Sterling & Wilson Renewable Energy Ltd
Sterling & Wilson Renewable Energy is a major EPC solutions provider for utility-scale solar projects. The company is expected to gain from increased project execution opportunities, improved grid infrastructure funding, and growing demand for large-scale solar installations across India.
With market capitalization of Rs. 5,301 cr, the shares of Sterling & Wilson Renewable Energy Ltd are currently trading at Rs. 227 per share, from its previous close of Rs. 224.75 per share.
Waaree Renewable Technologies Ltd
Waaree Renewable Technologies is one of India’s fastest-growing solar module manufacturers and EPC developers. With the government pushing domestic manufacturing and expanding PLI incentives, the company is well-positioned to scale capacity and capture rising demand in both rooftop and utility solar segments.
With market capitalization of Rs. 11,187 cr, the shares of Waaree Renewable Technologies Ltd are currently trading at Rs. 1,073 per share, from its previous close of Rs. 1,052.50 per share.
Written by Manideep Appana
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
