Introduction:

In today’s world, investing is not just about growing your wealth; it’s also about making a positive impact. The renewable energy sector in India is booming, driven by increasing awareness of climate change and the need for sustainable solutions. By investing in green energy stocks, you can be part of this transformative movement while potentially reaping significant financial rewards.

Understanding Green Energy Stocks:

Green energy stocks represent shares in companies focused on producing or supporting renewable energy sources. These include businesses involved in solar, wind, hydroelectric, geothermal, and biomass energy. Investing in these stocks means supporting companies that are working to reduce reliance on fossil fuels and combat climate change, all while aiming to grow your wealth.

Why Invest in Green Energy Stocks in India?

India’s renewable energy sector is growing rapidly, thanks to ambitious targets and increasing public awareness. Green energy stocks offer a unique opportunity to capitalize on this growth while diversifying your investment portfolio.

They often follow different market trends compared to traditional industries, providing a buffer against market volatility. With India’s energy demands expected to rise significantly, green energy companies are well-positioned to meet this need, potentially offering attractive returns for investors.

Top 10 Green Energy Stocks in India for 2024:

As India pushes towards a greener future, several companies stand out in the renewable energy landscape. Here are the top 10 green energy stocks to watch in 2024:

Tata Power Solar:

Overview: Tata Power Solar is a leading player in India’s green energy sector, aiming to achieve 25% production from renewable sources by 2025.
Market Cap: ₹1.36 lakh crore.
Growth: 13% CAGR in sales over five years.
Why Invest: Strong financial growth and a clear commitment to increasing renewable energy production make Tata Power Solar a solid investment choice.

Adani Green Energy:

Overview: Adani Green Energy is India’s largest renewable energy company and the world’s second-largest solar PV developer.
Market Cap: ₹282,465 crore.
Growth: 39% CAGR in revenues over five years.
Why Invest: Impressive financial growth and market leadership position Adani Green Energy as a top contender in the renewable sector.

ReNew Power:

Overview: ReNew Power specializes in solar and wind energy and has rapidly expanded since its inception in 2011.
Operational Capacity: 7.7 GW, with a target of 10,000 MW within five years.
Why Invest: Rapid expansion and strong operational capacity make ReNew Power a promising investment.

NTPC Renewable Energy:

Overview: NTPC, a public sector giant, is making significant inroads into green energy through its subsidiary, NTPC Green Energy.
Investment Plan: Plans to invest ₹10,000 crore in renewable energy this year, increasing to ₹15,000-20,000 crore next year.
Why Invest: Significant investment in renewable energy showcases NTPC’s commitment to green energy and its growth potential.

Inox Wind:

Overview: Inox Wind is a key player in wind energy, specializing in wind turbine manufacturing and comprehensive wind power solutions.
Performance: 185.58% year-on-year increase in total income for the March 31, 2024 quarter.
Why Invest: Strong recent performance and specialization in wind energy make Inox Wind an attractive option.

Websol Energy System:

Overview: Websol Energy System Ltd specializes in producing high-efficiency photovoltaic monocrystalline solar cells and modules.
Market Cap: ₹2,334 crore.
Growth: 1023.82% return over three years compared to the Nifty Smallcap 100’s 80.38%.
Why Invest: Impressive growth and a strong market position in solar technology make Websol Energy System a noteworthy investment.

Sterling and Wilson Solar:

Overview: Sterling and Wilson Renewable Energy Ltd, now owned by the Reliance Group, is a global leader in solar EPC solutions.
Services: Comprehensive services for large-scale solar power projects, including floating solar and hybrid systems.
Why Invest: Global leadership and comprehensive solar solutions position Sterling and Wilson Solar as a robust investment choice.

Borosil Renewables:

Overview: Borosil Renewables is India’s only solar glass manufacturer, producing high-quality toughened glass for solar photovoltaic panels.
Market Cap: ₹6,949 crore.
Why Invest: Unique position in the solar supply chain and strong market demand for high-quality solar glass make Borosil Renewables a solid pick.

Gita Renewable Energy:

Overview: Gita Renewable Energy Ltd focuses on developing, owning, and operating renewable power plants across wind, solar, and biomass sectors.
Market Cap: ₹70.20 crore.
Why Invest: A smaller player with impressive growth potential in diverse renewable sectors makes Gita Renewable Energy a company to watch.

NHPC Ltd:

Overview: NHPC Ltd, a public sector undertaking, is a major player in hydroelectric power generation in India.
Market Cap: ₹103,564.30 crore.
Why Invest: Strong financial performance and significant market presence in hydroelectric power make NHPC Ltd a reliable investment.

Conclusion:

The future of energy in India is green. By investing in these top 10 green energy stocks, you can be part of the movement towards sustainability while potentially enjoying substantial financial returns. As the demand for renewable energy grows, these companies are well-positioned to lead the charge. Don’t miss out on the opportunity to power your portfolio with sustainability.

Disclaimer:

This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with a financial expert before making investment decisions.

Sr.No.	Activity	Expected Timelines
1	KYC entered into KRA System and CKYCR	10 days of account opening
2	Client Onboarding	Immediate, but not later than one week
3	Order execution	Immediate on receipt of order, but not later than the same day
4	Allocation of Unique Client Code	Before trading
5	Copy of duly completed Client Registration Documents to clients	7 days from the date of upload of Unique Client Code to the Exchange by the trading member
6	Issuance of contract notes	24 hours of execution of trades
7	Collection of upfront margins from client	Before initiation of trade
8	Issuance of intimations regarding other margin due payments	At the end of the T day
9	Settlement of client funds	30 days / 90 days for running account settlement (RAS) as per the preference of client. If consent not given for RAS – within 24 hours of pay-out
10	‘Statement of Accounts’ for Funds, Securities and Commodities	Weekly basis (Within four trading days of following week)
11	Issuance of retention statement of funds/commodities	5 days from the date of settlement
12	Issuance of Annual Global Statement	30 days from the end of the financial year
13	Investor grievances redressal	30 days from the receipt of the complaint

Sr.No.	Type of Activity	Timelines for Activity
1	Receipt of Complaint	Day of complaint (C Day).
2	Additional information sought from the investor, if any, and provisionally forwarded to stock broker.	C + 7 Working days.
3	Registration of the complaint and forwarding to the stock broker.	C+8 Working Days i.e. T day.
4	Amicable Resolution.	T+15 Working Days.
5	Refer to Grievance Redressal Committee (GRC), in case of no amicable resolution.	T+16 Working Days.
6	Complete resolution process post GRC.	T + 30 Working Days.
7	In case where the GRC Member requires additional information, GRC order shall be completed within.	T + 45 Working Days.
8	Implementation of GRC Order.	On receipt of GRC Order, if the order is in favour of the investor, debit the funds of the stock broker. Order for debit is issued immediately or as per the directions given in GRC order.
9	In case the stock broker is aggrieved by the GRC order, will provide intention to avail arbitration	Within 7 days from receipt of order.
10	If intention from stock broker is received and the GRC order amount is upto Rs.20 lakhs	Investor is eligible for interim relief from Investor Protection Fund (IPF). The interim relief will be 50% of the GRC order amount or Rs.2 lakhs whichever is less. The same shall be provided after obtaining an Undertaking from the investor.
11	Stock Broker shall file for arbitration	Within 6 months from the date of GRC recommendation
12	In case the stock broker does not file for arbitration within 6 months	The GRC order amount shall be released to the investor after adjusting the amount released as interim relief, if any.

Sr.No.	DOs	DON’Ts
1	Read all documents and conditions being agreed before signing the account opening form.	Do not deal with unregistered stock broker.
2	Receive a copy of KYC, copy of account opening documents and Unique Client Code.	Do not forget to strike off blanks in your account opening and KYC.
3	Read the product / operational framework / timelines related to various Trading and Clearing & Settlement processes.	Do not submit an incomplete account opening and KYC form.
4	Receive all information about brokerage, fees and other charges levied.	Do not forget to inform any change in information linked to trading account and obtain confirmation of updation in the system.
5	Register your mobile number and email ID in your trading, demat and bank accounts to get regular alerts on your transactions.	Do not transfer funds, for the purposes of trading to anyone other than a stock broker. No payment should be made in name of employee of stock broker.
6	If executed, receive a copy of Power of Attorney. However, Power of Attorney is not a mandatory requirement as per SEBI / Stock Exchanges. Before granting Power of Attorney, carefully examine the scope and implications of powers being granted.	Do not ignore any emails / SMSs received with regards to trades done, from the Stock Exchange and raise a concern, if discrepancy is observed.
7	Receive contract notes for trades executed, showing transaction price, brokerage, GST and STT etc. as applicable, separately, within 24 hours of execution of trades.	Do not opt for digital contracts, if not familiar with computers.
8	Receive funds and securities / commodities on time within 24 hours from pay-out.	Do not share trading password.
9	Verify details of trades, contract notes and statement of account and approach relevant authority for any discrepancies. Verify trade details on the Exchange websites from the trade verification facility provided by the Exchanges.	Do not fall prey to fixed / guaranteed returns schemes.
10	Receive statement of accounts periodically. If opted for running account settlement, account has to be settled by the stock broker as per the option given by the client (30 or 90 days).	Do not fall prey to fraudsters sending emails and SMSs luring to trade in stocks / securities promising huge profits.
11	In case of any grievances, approach stock broker or Stock Exchange or SEBI for getting the same resolved within prescribed timelines.	Do not follow herd mentality for investments. Seek expert and professional advice for your investments.

Sr.No.	Guidance
1	Always deal with a SEBI registered Depository Participant for opening a demat account.
2	Read all the documents carefully before signing them.
3	Before granting Power of attorney to operate your demat account to an intermediary like Stock Broker, Portfolio Management Services (PMS) etc., carefully examine the scope and implications of powers being granted.
4	Always make payments to registered intermediary using banking channels. No payment should be made in name of employee of intermediary.
5	Accept the Delivery Instruction Slip (DIS) book from your DP only (pre- printed with a serial number along with your Client ID) and keep it in safe custody and do not sign or issue blank or partially filled DIS slips. Always mention the details like ISIN, number of securities accurately. In case of any queries, please contact your DP or broker and it should be signed by all demat account holders. Strike out any blank space on the slip and Cancellations or corrections on the DIS should be initialed or signed by all the account holder(s). Do not leave your instruction slip book with anyone else. Do not sign blank DIS as it is equivalent to a bearer cheque.
6	Inform any change in your Personal Information (for example address or Bank Account details, email ID, Mobile number) linked to your demat account in the prescribed format and obtain confirmation of updation in system
7	Mention your Mobile Number and email ID in account opening form to receive SMS alerts and regular updates directly from depository.
8	Always ensure that the mobile number and email ID linked to your demat account are the same as provided at the time of account opening/updation.
9	Do not share password of your online trading and demat account with anyone.
10	Do not share One Time Password (OTP) received from banks, brokers, etc. These are meant to be used by you only.
11	Do not share login credentials of e-facilities provided by the depositories such as e-DIS/demat gateway, SPEED-e/easiest etc. with anyone else.
12	Demat is mandatory for any transfer of securities of Listed public limited companies with few exceptions.
13	If you have any grievance in respect of your demat account, please write to designated email IDs of depositories or you may lodge the same with SEBI online at https://scores.gov.in/scores/Welcome.html
14	Keep a record of documents signed, DIS issued and account statements received.
15	As Investors you are required to verify the transaction statement carefully for all debits and credits in your account. In case of any unauthorized debit or credit, inform the DP or your respective Depository.
16	Appoint a nominee to facilitate your heirs in obtaining the securities in your demat account, on completion of the necessary procedures.
17	Register for Depository’s internet based facility or download mobile app of the depository to monitor your holdings.
18	Ensure that, both, your holding and transaction statements are received periodically as instructed to your DP. You are entitled to receive a transaction statement every month if you have any transactions.
19	Do not follow herd mentality for investments. Seek expert and professional advice for your investments
20	Beware of assured/fixed returns.

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Introduction:

Understanding Green Energy Stocks:

Why Invest in Green Energy Stocks in India?

Top 10 Green Energy Stocks in India for 2024:

Tata Power Solar:

Adani Green Energy:

ReNew Power:

NTPC Renewable Energy:

Inox Wind:

Websol Energy System:

Sterling and Wilson Solar:

Borosil Renewables:

Gita Renewable Energy:

NHPC Ltd:

Conclusion:

Disclaimer:

Pritesh Sha

Solution Architect at Amazon Web Services

Mahesh Doshi

Solution Architect at Amazon Web Services

Nityam Vaghela

Solution Architect at Amazon Web Services

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