Stories
PM Dhara Scheme Unveiled: Key Beneficiary Stocks to Watch in Renewable Energy and Capital Goods
- •The government launched the PM Developing Harmony and Accelerating Renewable Energy Access (DHARA) scheme, the third phase of what was previously known as the Green Energy Corridor.
- •The PM Dhara scheme has a substantial financial outlay of –1,86,405 lakh crore, significantly higher than previous phases, with an additional –50,000 crore allocated for Battery Energy Storage Systems (BESS).
- •Key objectives include evacuating up to 135 GW of renewable power, deploying 50 GWh of BESS, supporting a 900 GW non-fossil capacity target by 2035, and reducing transmission congestion.
- •Potential stock beneficiaries include renewable energy companies like NTPC Green Energy, ACME Solar, Clean Max, wind OEMs such as Suzlon and Inox Wind, and Capital Goods firms like Larsen & Toubro, KEC International, and Siemens Energy India.
- •Power Grid, due to its near monopoly in power transmission, along with cable and power companies such as KEI Industries and Polycab, are also expected to benefit from the scheme.
Key Questions Answered
The PM Dhara scheme has a total financial outlay pegged at ₹1,86,405 lakh crore. Additionally, ₹50,000 crore has been allocated specifically for Battery Energy Storage Systems worth 50 GWh.
The primary objectives of the PM Dhara scheme are to evacuate up to 135 GW of renewable power, deploy 50 GWh of Battery Storage Systems, support the 900 GW non-fossil capacity target by 2035, and reduce transmission congestion in renewable-rich states.
Potential beneficiaries include renewable energy firms like NTPC Green Energy, ACME Solar, Clean Max, and wind OEMs such as Suzlon and Inox Wind. Capital goods and transmission companies like Larsen & Toubro, Power Grid, GE Vernova T&D, and cable makers like KEI Industries and Polycab are also expected to benefit.
