Companies like Adani Green Energy Ltd., Tata Power Ltd., Insolation Energy Ltd., ITI Ltd., and Bharat Heavy Electricals Ltd. stand to benefit in the Indian listed space, as these companies or their subsidiaries are listed in the revised ALMM List.
The approval of the companies increases their potential to obtain solar module orders for any government-subsidized sponsored project going forward.
In terms of enlisted capacity, Adani Enterprises subsidiary Mundra Solar has the highest capacity at 4,100 megawatts per year, followed by Insolation Energy with 604 megawatts per year and Tata Power Solar with 499 megawatts per year.
Adani Enterprises also stands to benefit more from the solar value chain potential, as its subsidiary, Mundra Solar PV Ltd., recently began commercial production of wafers and ingots. Furthermore, First Solar Inc. has also started shipping from its fully integrated India factory.