These 3 solar companies will get the most benefits from the new schemes of the Government of India, know which shares will give you profits?

These 3 Solar Companies Will Get the Most Benefits from the Schemes of the Government of India

The Government of India is set to launch an Approved List of Models and Manufacturers (ALMM) for solar photovoltaic (PV) cells starting April 1, 2026. This initiative aims to boost domestic manufacturing and support the green energy transition.

Aligned with the 2019 Framework for Solar Modules, the scheme focuses on enhancing the quality and reliability of solar PV cells for government projects while reducing import dependence. As India strives to achieve its 500 GW renewable energy target by 2030, three companies are poised to gain significantly from these developments.

Tata Power Company Limited

Tata Power is a major player in India’s green energy sector, with a market cap exceeding ₹1.36 lakh crore and shares priced around ₹427.30. The company’s solar manufacturing capacity stands at 4.3 GW, which includes a 2 GW facility in Tamil Nadu.

Adani Green Energy Limited

Adani Green Energy boasts a market cap of ₹2.61 lakh crore, with shares valued at ₹1,648.00. The company is expanding its manufacturing capabilities and aims for 50 GW capacity by 2030, reporting a 38% YoY revenue growth in Q2FY25.

Waari Energies Limited

With a market cap of ₹40,136 crore and shares at ₹2,362.45, Waari Energies is India’s largest solar PV module manufacturer, boasting a capacity of 13.3 GW. The company is well-positioned to meet rising domestic demand as it expands its operations.