Waaree Energies and 3 other stocks with up to ₹31,000 Cr capex plans to boost India's BESS & solar expansion

Contributing sentiments towards policy:

72% : In a further boost to renewable infrastructure, the Ministry of New and Renewable Energy (MNRE) has proposed establishing 13,000 MW of renewable energy capacity coupled with a 12,000 MWh BESS project in Ladakh.
65% : India's renewable energy sector is poised for a major investment surge, with projections exceeding $250 billion by 2030.
63% : This initiative is projected to draw investments of nearly Rs. 33,000 crore and play a critical role in supporting large-scale renewable energy integration.
63% : At present, HEG Greentech derives revenue from two key business verticals - its hydropower assets in Himachal Pradesh and its battery subsidiary, RePlus.
62% : The company stated that this investment is almost fully funded through a mix of debt and equity, reflecting a balanced and well-structured financial approach to support its ongoing expansion in India's renewable energy sector.
61% : Waaree Energies Limited is India's largest solar module manufacturer and leading renewable energy company.
61% : RIL is making steady progress toward its ambitious clean energy goals, which include establishing 20 GWp of solar PV manufacturing capacity and a 100 GWh battery giga-factory.
58% : On 18th October 2023, the Cabinet Committee on Economic Affairs (CCEA) approved the construction of an Inter-State Transmission System (ISTS) to enable efficient power evacuation and national grid integration, marking a significant step toward harnessing Ladakh's renewable energy potential.
56% : Of this, solar photovoltaic (PV) projects are expected to attract around $15.5 billion, while battery manufacturing could see inflows of ~$2.7 billion, underscoring the nation's accelerating clean energy transition.
56% : Targeting a 5 gigawatt (GW) capacity addition during FY26, Adani Green Energy Ltd said it expects to incur a capital expenditure of an estimated Rs. 31,000 crore during the ongoing fiscal.

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