Government’s renewables push to power up equipment makers

MUMBAI: The government’s recent and upcoming auctions of renewable energy projects may provide a boost to the stocks of Ujaas Energy, Suzlon Energy and PTC India, which are engaged in green energy production and financing. Suzlon and PTC India are expected to be the beneficiaries of the government’s 1000 MW wind power auctions last month. The power generated will be supplied to states that do not have adequate wind resources. Bid wins will provide more revenue visibility and capacity expansion opportunities in the coming quarters for these companies. In terms of magnitude, 1000 MW of electricity can power 10 lakh homes and represents a business opportunity for more than Rs 5,000 crore, according to analysts

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