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Top 10 Solar Companies in India Listed in Stock Market

Here are some of the top solar companies in India that are publicly listed and play significant roles in the solar energy sector:

1. Ace Renewtech Engineering Private Limited

  • Backed up by 37 years of Solar Energy experience by the parent organization since 1986, ACE Renewtech Engineering Private Limited was established in 2017 to improve the standards of Renewable Energy Projects with our in-depth expertise acquired through 3 decades of on-field experience. Offering Services right from concept to commissioning along with O&M, we are a purely solar-focused EPC & O&M organization working with various project developers and project investors.

2. Tata Power Solar Systems Ltd

  • A subsidiary of Tata Power, Tata Power Solar is one of India's largest integrated solar companies. It has a strong presence in manufacturing solar cells and modules and providing EPC services.

3. Adani Green Energy Ltd (AGEL)

  • Part of the Adani Group, AGEL is one of India’s largest renewable energy companies with a significant solar portfolio. It focuses on developing, building, owning, and operating solar power projects.

4. Renew Power Ltd

  • Though not directly listed, ReNew Power went public through a special purpose acquisition company (SPAC) and is now listed on the NASDAQ. ReNew Power is one of India's largest renewable energy companies, with a substantial solar energy capacity.

5. NTPC Limited

  • India's largest power company, NTPC has diversified its portfolio to include a significant portion of renewable energy. It has set ambitious targets for expanding its solar power capacity.

6. Reliance Industries Ltd (RIL)

  • Reliance is making a substantial push into solar energy through its subsidiary, Reliance New Energy Solar Ltd (RNESL). RIL plans to develop and manufacture solar panels and invest in green energy projects.

7. Azure Power Global Ltd

  • Azure Power is listed on the NYSE and has a significant solar portfolio in India. The company develops, builds, and operates solar power plants across the country.

8. Websol Energy System Ltd

  • This Kolkata-based company focuses on manufacturing photovoltaic monocrystalline solar cells and modules, primarily for export and the Indian market.

9. SJVN Ltd

  • Known for its hydropower projects, SJVN has diversified into solar energy and is executing various solar projects to meet its renewable energy targets.

10. Indosolar Ltd

  • Indosolar is one of India's largest solar cell manufacturing companies. The company specializes in manufacturing high-efficiency solar cells for both domestic and international markets.

These companies vary from manufacturers to EPC providers and power producers, showcasing the diverse spectrum of India’s solar energy sector. Investing in them involves understanding their business models, growth potential, and the Indian government's policies and incentives for renewable energy.

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