India’s growth in solar & other forms of renewable energy has been nothing short of inspirational. Renewable Energy sources now contribute to over 30% of India’s total Installed capacity and these sources are growing at the fastest pace.
India has an installed power generation capacity of 425 GW and the capacity mix is as follows, 56 percent from fossil fuels, 17 percent from Solar, 12 percent from Hydro, 1 percent from wind, and 18 percent from others. By 2030 it wants to achieve 777 GW of installed power generation capacity.
As per the India Brand Equity Foundation (IBEF), India is the fourth largest in renewable energy and the fifth largest in solar power capacity. The sector is expected to grow at a CAGR of 16 percent doubling its capacity by 2026. The Government has allocated a budget of Rs. 19,500 Crores for manufacturing high-efficiency solar modules through a Production Linked Incentive (PLI) scheme for 280 GW solar capacity addition by 2030.
Green energy, also known as renewable energy, refers to energy sources that are generated from natural resources such as sunlight, wind, water, and geothermal energy. Here are some of the companies that are under Rs. 100, engaged in generating green energy
NHPC
NHPC is a Miniratna Central Public Sector primarily engaged in the generation and sale of the generated power to various power utilities. Its other business includes providing project management, construction contracts, consultancy assignment services, and trading of power. As of FY23-24 NHPC has set a Capital Expenditure (CAPEX) of Rs. 10,857 Crores
In the day’s trade on December 22, 2023, the shares of NHPC Limited closed at Rs. 64.40 up 1.50 percent from its previous day’s close price of Rs. 63.45, and its market capitalization is Rs. 60,572 Crores.
The company’s revenue from operations grew 16 percent from Rs. 9,144.2 Crores in FY22 to Rs. 10,607.4 in FY23, accompanied by increasing profits of Rs. 3,523.57 Crores to Rs. 3,889.98 Crores.
It has 24 operational power stations with 7,071 MW, 16 hydro & solar projects under construction (10,515 MW), 8 projects with 4,112 MW awaiting clearances, and 2 projects of 890 MW under survey and investigation
Orient Green Power Company
Orient Green Power Company Limited is engaged in the business of generation of power from wind energy.
In the day’s trade on December 22, 2023, the shares of Orient Green Power Company Limited closed at Rs. 22.30, down 1.33 percent from its previous day’s close price of Rs. 22.60 and its market Capitalization is Rs. 2,210 Crore. It has delivered multi-bagger returns of 126 percent in a year.
It generated 92.63 percent of its revenue from the sale of power and the rest 7.36 percent from REC revenue.
The company’s revenue from operations declined 16.84 percent from Rs. 310.63 Crores in FY22 to Rs. 258.31 Crores in FY23, accompanied by profits of Rs. 34.98 Crores to Rs. 32.59 Crores.
Suzlon Energy
Suzlon Energy is a green energy generation company and renewable energy solutions provider engaged in the business of manufacturing, project execution, operation and maintenance of wind turbine generators and sale of related components.
In the day’s trade on December 22, 2023, the shares of Suzlon Energy Limited closed at Rs. 37.25, up 0.40 percent from its previous day’s close price of Rs. 37.10, and its market capitalization is Rs. 50,001 Crores. It has delivered multi-bagger returns of 257 percent in a year.
It has an order book of 1,613 MW and its key clientele consists of Reliance Industries, Adani Renewables, Blackrock, Gail, Tata, and many more.
The Company’s revenue from operations decreased 9.29 percent from Rs. 6,581.78 Crores in FY22 to Rs. 5,970.53 Crores in FY23, accompanied by a loss of Rs. 199.59 Crores to profit of Rs. 2,849.01 Crores.
SJVN
SJVN Limited is engaged in the business of generation, transmission, and consultancy of renewable energy sources like hydro energy, wind energy, and solar energy.
On December 22, 2023, the shares of SJVN Limited closed at Rs. 89.70, down 0.28 percent from its previous day’s close price of Rs. 89.95 and its market capitalization is Rs. 35,349 Crores. It has delivered multi-bagger returns of 150 percent in a year.
SJVN Limited has a total project portfolio of 48,873 MW, its breakup is as follows, 56.28 percent Hydro &PSP, 39.06 percent Solar, 4.05 percent Thermal, and 0.61 percent Wind.
The company’s revenue from operations grew 21.57 percent from Rs. 2,417 Crores in FY22 to Rs. 2,938.35 Crores in FY23, accompanied by increasing profits of Rs. 989.8 Crores to Rs. 1,359.3 Crores.
Written by: Bharath K.S
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