Kolkata: Central government initiatives such as going for rooftop solar units, PM-KUSUM, solar parks and battery storage are triggering a growth in India’s renewable energy future. India is in a hurry since it has international carbon-linked commitments to comply with. A few companies stand out in this expanding canvas. But it is not Adani Solar that we are discussing. Let’s have a look at which “hidden” stocks we are mentioning here.

The government has set an objective of sett up 500 GW of non-fossil energy generation capacity in the country by 2030. It has moved past the halfway mark in 2025. In 2024, 585 gigawatts of new capacity was installed worldwide and solar and wind accounted for almost all of the fresh capacities. The renewable energy market in India is growing at a rate of about 8% annually and it can rise by 100% in the coming years.

Waaree Energies is the country’s largest solar module manufacturing company. With 18.7 GW of module capacity and 5.4 GW of cell capacity, both are consistently operating at approximately 80-85% capacity. The company aggressively expanding to more than a dozen countries in the world, including India. The management of Waaree has an........

© News9Live