Global Climate Solution Stocks

Zeal Aqua is a shrimp aquaculture company in India. As of our 2025 review, it seems like they no longer have an online presence, so we exclude them for now.

Tinna Rubber generates its revenue from recycling old tires into new ones along with a variety of other products, thus reducing the demand for virgin materials.

Panasonic Energy India distributes a variety of batteries for household use like coin batteries and rechargeable batteries. They do not generate much revenue from energy storage, so we exclude them

Elin Electronics specializes in electric motors, but unfortunately they are for household use in things like mixers and blenders, not in electric cars.

Dynamic Cables is an Indian manufacturer of electrical cables that are primarily used in expanding the electrical grid.

Veto Switchgears makes a variety of electronic devices. Some are climate solutions like LED lighting and products for the electrical grid, but others are not like fans and light switches. They do not provide a revenue breakdown of each, so we exclude them.

Surana Solar is an Indian manufacturer and distributor of a variety of solar products from panels to solar-powered garden lights.

Rasi Electrodes provides a variety of products used in welding. We wanted to explore to see if they participated in arc smelting for steel manufacturing, but they do not.

Sagardeep Alloys is a refiner of multiple finished metal products from copper, brass, and steel. They do not provide a breakdown of revenues by segment in their financials, so we exclude them for now.

Modison specializes in manufacturing electrical components that are used in constructing transformers and other major large pieces of equipment for the grid.

D.P. Wires is an Indian wiring manufacturer that makes some wires for expanding the electrical grid, but generates most of its revenue from the oil and gas industry.

Advance Metering Technology generated 36% of its revenue from selling wind power, but the rest from selling traditional energy meters and services which are not climate solutions.

AJR Infra and Tolling is an Indian contractor that generates some revenue from hydropower, but a majority from building and managing roadways, which is not a climate solution.

Mahindra EPC sells a range of advanced drip irrigation products that enable farmers to be far more precise with their water applications, getting them the same results with less water.

SJVN owns multiple power plants in India. While they do own a number of solar and wind farms, they generate the vast majority of their electricity from coal, so we exclude them.

Shilchar Technologies is an Indian firm that specializes in building electrical transformers that are a key component for the electrical grid.

Bright Solar Limited specializes in manufacturing and distributing solar powered pumps in India that enables people and businesses in India to move water without needing to burn fossil fuels.

Siemens Limited is the Indian branch of Siemens. While they generated 36% of their revenue from smart infrastructure, this was the only climate solution they are engaged in, so we exclude them.

Reliance Infrastructure owns multiple power plants in India. While they do own a wind plant, the vast majority of their power comes from natural gas, so we exclude them.

NTPC Limited is an Indian owner of electrical plants that generates a majority of its power from fossil fuels, so we exclude them