India’s renewable energy sector is witnessing unprecedented growth as the country moves towards achieving its ambitious clean energy targets. Rising electricity demand, supportive government policies, increasing private sector investments, and the rapid adoption of solar and wind power are creating long-term opportunities for companies operating across the renewable energy value chain.
For investors looking to gain exposure to this structural growth story, several listed companies have established themselves as key players, while a few emerging companies are attracting attention through their strategic transition into renewable energy.
1. Tata Power
Tata Power has emerged as one of India’s leading integrated power companies, with significant investments across solar energy, electric vehicle charging infrastructure, rooftop solar solutions, and renewable power generation. Backed by the Tata Group, the company continues to strengthen its clean energy portfolio while maintaining a diversified power business.
2. NTPC Green Energy
As the renewable energy arm of NTPC, NTPC Green Energy is playing a crucial role in India’s energy transition. The company is expanding its solar, wind, and green hydrogen projects to support India’s long-term renewable energy ambitions, making it one of the key players in the sector.
3. Adani Green Energy
Adani Green Energy has built one of the world’s largest renewable energy portfolios through utility-scale solar and wind projects. The company continues to expand its generation capacity and remains an important contributor to India’s renewable energy infrastructure.
4. Gujarat Inject Kerala Ltd
Gujarat Inject Kerala Ltd, rebranding as Regenova Renewtech Ltd, reported a strong Q1 FY27, with revenue from operations rising over five-fold to ₹29.86 crore from ₹5.58 crore. The company further strengthened its renewable energy portfolio by securing a ₹150 crore, 50 MW solar project in Zimbabwe and 10 MW solar power project in India. Currently trading around ₹10, has the potential to reach ₹13, implying upside of nearly 30%.
5. Waaree Energies
Waaree Energies has established itself as one of India’s leading solar module manufacturers. Supported by increasing domestic manufacturing capacity and strong demand for solar equipment, the company is well positioned to benefit from India’s growing focus on self-reliance in clean energy manufacturing.
