Top Hydropower Stocks to Watch: Big Government Plans Could Mean Big Returns
The hydropower sector in India is about to get a big boost. The government has huge plans to expand hydropower, with 37 projects already in progress and more coming soon to add 50 gigawatts of power. This means that companies in this sector are likely to see big growth. For investors, this is a great chance to invest in stocks that could provide good returns. Here are some **top hydropower stocks to consider:
NHPC
atOptions = { 'key' : '9ef73a0f5f72bcc15452615bd5254ceb', 'format' : 'iframe', 'height' : 90, 'width' : 728, 'params' : {} }; style="text-align: justify;">NHPC a government-owned company, has seen its share price rise by 53% in the past six months. With a market value of ₹1.06 lakh crore, NHPC is a major player in hydropower generation. Keep an eye on NHPC, especially with the upcoming budget announcement on July 24.
SJVN
Formerly called **Satluj Jal Vidyut Nigam**, SJVN is involved in generating and transmitting hydropower. Its shares have given a 56.04% return in the past six months, making it a strong pick for investors interested in this sector.
Jaypee Power
Jaypee Power plans, develops, and operates hydropower projects. It generates electricity from both hydro and coal sources. Priced at ₹18.82 per share, it has given a 15.17% return in the past six months.
Reliance Power
Reliance Power focuses on developing, building, and operating power projects in India and abroad. Its share price has gone up by 83.79% in the past year, making it a solid choice for those looking for big returns.
Indsil Hydropower
Indsil Hydropower and Manganese Limited operates in two areas: making ferro alloys and generating power. It runs a 21-megawatt hydropower plant in Kerala and a 12-megawatt coal-based plant in Chhattisgarh. Its shares have risen by 38.12% in the past year.
JSW Energy
JSW Energy is a big name in power generation, transmission, and trading. It currently produces 1,391 megawatts of power through hydropower. Its shares have surged by 132% over the past year, showing strong performance.
Why Invest in Hydropower Now?
The **Indian government's focus on expanding hydropower** is a major growth driver for companies in this sector. Investing in these stocks now could lead to high returns as the sector continues to grow. **Hydropower is a clean and reliable energy source**, which aligns with global trends towards renewable energy.
Other Aspect of choosing Hydropower Stock.
Government Support
The Indian government’s push for renewable energy**, including hydropower, is part of a bigger plan to reduce pollution and improve energy security. This support can help hydropower companies grow.
Sustainability
Hydropower is a clean, renewable energy source, making it attractive for environmentally conscious investors. Companies in this sector can benefit from policies promoting green energy.
Long-Term Benefits
Hydropower projects often last a long time and have low costs after they are built, leading to steady returns over time. This is great for investors looking for long-term growth and stability.
New Technologies
**Advances in hydropower technology**, like small-scale projects and improved efficiency, are making it easier and cheaper to generate electricity from water. These innovations can boost profits for companies in this sector.
### Conclusion
This is a great time to **invest in hydropower stocks**. With strong government support, a focus on sustainability, and long-term benefits, investing in hydropower now could lead to high returns as the sector grows.