The solar industry, during the Finance Ministry’s pre-budget consultations, strongly emphasized the need for higher government allocation to support large-scale capacity expansion across manufacturing and solar project development.
It also sought access to cheaper financing through discounted green energy loans, which would lower project costs and make renewable installations more viable.
Additionally, industry players pushed for increased funding under the PM Surya Ghar rooftop solar scheme to meet growing consumer demand and accelerate residential solar adoption.
Alongside financial support, the sector called for an expansion of the Production-Linked Incentive (PLI) scheme to cover more components such as advanced solar equipment, battery storage systems, and electrolysers critical for green hydrogen production.
industry also highlighted the urgent need to strengthen national grid infrastructure and improve green energy corridors to ensure seamless evacuation and transmission of renewable power.
These measures, collectively, are expected to boost domestic manufacturing, reduce import dependence, and enable India to scale renewables more efficiently.
Table of Contents
Stocks To Benefit
Adani Green Energy Ltd
Adani Green Energy is India’s largest utility-scale solar developer, with a strong project pipeline across renewable parks.
The company stands to benefit from government support for grid-connected solar capacity, large-scale renewable tenders, and improved transmission infrastructure, strengthening its long-term growth outlook.
Adani Green Energy – Quarterly Results
Adani Green Energy Sep-2025 Quarterly Revenue is Rs 4,198 Cr which is growth of 1.0% YoY.
Adani Green Energy Sep-2025 Quarterly Net Profit is Rs 475 Cr which is growth of 379.8% YoY.
Projections
JSW Energy Ltd
JSW Energy is rapidly expanding into green energy, focusing on solar, wind, and battery energy storage systems (BESS).
Its investments align well with potential PLI scheme expansion and policy incentives, positioning the company to accelerate its renewable portfolio and enhance profitability.
JSW Energy – Quarterly Results
JSW Energy Sep-2025 Quarterly Revenue is Rs 984 Cr which is growth of -14.0% YoY.
JSW Energy Sep-2025 Quarterly Net Profit is Rs 190 Cr which is growth of -33.4% YoY.
Projections
Borosil Renewables Ltd
Borosil Renewables, India’s leading solar glass manufacturer, is uniquely placed to benefit from import substitution and strong domestic module demand.
Expanded PLI support for solar manufacturing and rising installations can drive higher capacity utilization and stronger revenue growth.
Borosil Renewables – Quarterly Results
Borosil Renewables Sep-2025 Quarterly Revenue is Rs 380 Cr which is growth of 40.4% YoY.
Borosil Renewables Sep-2025 Quarterly Net Profit is Rs 46 Cr which is growth of 263.1% YoY.
Sterling & Wilson Renewable Energy Ltd
Sterling & Wilson Renewable Energy is a major EPC solutions provider for utility-scale solar projects.
The company is expected to gain from increased project execution opportunities, improved grid infrastructure funding, and growing demand for large-scale solar installations across India.
Sterling and Wilson – Quarterly Results
Sterling and Wilson Sep-2025 Quarterly Revenue is Rs 1,322 Cr which is growth of 23.9% YoY.
Sterling and Wilson Sep-2025 Quarterly Net Profit is Rs -2,584 Cr which is growth of -3543.8% YoY.
Projections
Waaree Renewable Technologies Ltd.
Waaree Renewable Technologies is one of India’s fastest-growing solar module manufacturers and EPC developers.
With the government pushing domestic manufacturing and expanding PLI incentives, the company is well-positioned to scale capacity and capture rising demand in both rooftop and utility solar segments.
Waaree Renewable – Quarterly Results
Waaree Renewable Sep-2025 Quarterly Revenue is Rs 780 Cr which is growth of 47.7% YoY.
Waaree Renewable Sep-2025 Quarterly Net Profit is Rs 117 Cr which is growth of 118.4% YoY.
