The India’s solar industry is expected to benefit from favourable government policies, declining solar costs and technological advancements. The sector added 24.5 GW in 2024, with expectations to surpass 18 GW in new installations in 2025. With Increased funding and supportive policies, it is anticipated that this momentum towards achieving 500 GW by 2030.
The solar module and EPC order book in India is poised for significant growth, offering a promising revenue outlook for the companies in the upcoming years, which is supported by increasing demand. Now, with anti-dumping duty on solar cell modules from China, the DCR Solar is here to boost the solar companies’ demand domestically. Here are some of the companies that deal with business related to Solar Modules and EPC with an order book.
Listed below are some of the stocks that have order book value upto Rs. 50,000 crore.
Tata Power Company
This Tata Group company is a leading integrated power utility in India, focusing on electricity generation, transmission, and distribution. Its business model focuses on a mix of conventional and renewable energy sources.
With a market capitalization of Rs. 1,08,353.96 Crores, the shares of Tata Power Limited closed at Rs. 339.10 per equity share, down 1.22 percent from its previous day’s close price of Rs. 343.30.
The order book as of 30th December 2024 stood at Rs. 13,556 crores out of which Tata Power Group has Rs. 6,880 crore.
Gensol Engineering
The company was founded in 2007, specializes in renewable energy solutions, offering EPC services for solar projects globally. It also provides solar O&M, energy storage, and EV manufacturing and leasing services, with a strong presence in India and international markets.
With a market capitalization of Rs. 2,044.34 Crores, the shares of Gensol Engineering Limited closed at Rs. 537.95 per equity share, down 3.23 percent from its previous day’s close price of Rs. 555.90.
The order book as of 31st December 2024 stood at around Rs. 7,000 crore.
Waaree Energies
It was founded in 1990, and is India’s largest solar PV module manufacturer with a capacity of 13.3 GW. It provides comprehensive solar solutions, including EPC services and energy storage products, with a presence in over 68 countries.
With a market capitalization of Rs. 62,024.44 Crores, the shares of Waaree Energies Limited closed at Rs. 2,159 per equity share, down 2.22 percent from its previous day’s close price of Rs. 2,208.05.
Currently, the company has an order book of 26.5 GW worth ~50,000 crore.
Premier Energies
It is India’s second-largest integrated solar cell and module manufacturer. It offers solar cells, modules, EPC services, and operates as an independent power producer, with a strong presence in India and exports to the U.S.
With a market capitalization of Rs. 39,354.86 Crores, the shares of Premier Energies Limited closed at Rs. 873.05 per equity share, down 5.41 percent from its previous day’s close price of Rs. 923.
The company has an order book of 4,539 MW worth Rs. 6,946.1 crore as of 31st December 2024.
Written by Santhosh S
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