Inox Wind, Suzlon, Adani Green, and More Surge Ahead of Union Budget 2025

Renewable energy stocks are seeing an increase ahead of the Union Budget 2025. Experts are closely watching for budget announcements related to higher capital expenditure (capex) in the renewables sector, especially the PLI schemes designed to boost the industry.

Stock Performances of Key Renewable Companies

• Waaree Energies: Waaree Energies shares rose by 4%, trading at ₹2,503. The company reported a 4-fold increase in net profit for Q3 FY25, reaching ₹492.7 crore, up from ₹124.5 crore last year.
• Inox Wind: Inox Wind shares increased by 8% to ₹181 after reporting a 96% YoY rise in revenue to ₹994 crore for Q3FY25. The company also saw a PAT of ₹239 crore.
• KPI Green Energy: KPI Green Energy shares rose by 5%, trading at ₹385.65, following the development of 40.16 MW of renewable power projects under its subsidiary KPIG Energia.
• Suzlon: Suzlon shares hit the upper circuit limit, rising 5% for the fourth consecutive session after strong Q3 results. Net sales rose 90.64% YoY, and net profit increased by 90.56% to ₹386.92 crore.

Other Renewable Stocks Showing Gains 

Other renewable energy stocks also saw upward movement.

• Adani Green: Adani Green Energy share price is up 4.3%, trading at Rs 1,040.75.
• NTPC Green: NTPC Green Energy Share Price is up 3.7%, trading at Rs 118.57.
• SJVN: SJVN Share Price is up 5%, trading at Rs 102.8.
• NHPC: NHPC Share Price gained around 2%, trading at Rs 82.28.

Government’s Strong Support for Renewables 

The Ministry of New and Renewable Energy (MNRE) allocated ₹19,100 crore for the sector in 2024-25, marking a 143% increase compared to the previous fiscal year’s revised estimate. The largest share, around 45%, went to solar power grids, while around 33% was allocated to the PM Surya Ghar Muft Bijli Yojana, approved in February 2024. This is part of the broader push, as the total renewable allocation has doubled over the last 2 years.

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