Global Climate Solution Stocks

Plaza Wires manufacturers wires and household appliances in India. From what we can their wires are mostly used for residential wiring, not grid expansion so we exclude them.

Suryachakra Power is an Indian utility that only sources from biomass (which we do not consider a climate solution) and coal for its generation, so we exclude them.

Marsons Limited specializes in manufacturing a range of electrical transformers that are necessary for expanding the electrical grid.

Indian Energy Exchange is a marketplace for trading on the spot price of electricity in the Indian grid. While tangentially helpful for integrating more renewables, they do not build a direct climate solution, so we exclude them.

Suryo Foods is a shrimp hatchery and export company. As they do not own any farms where improved fisheries practices could be tried, we exclude them.

Megatherm provides industrial equipment for a variety of use cases. While one is power distribution, they generate more of their revenue from the others like steel manufacturing.

K2 Infragen is a construction firm in India. While they do build railways which can be a climate solution, they generate most of their revenue from generic construction like roadways, bridges, and buildings.

Tarmat Limited is a construction firm in India. While they do build railways which can be a climate solution, they generate most of their revenue from generic construction like roadways, bridges, and buildings.

Gujarat Industries is an Indian electrical utility that generates only about a third of its power from renewables and the rest from gas and coal.

Power & Instrumental (Gujarat) is an Indian construction firm that generates a majority of its revenue from building new grid transmission.

Sri KPR Industries is a wind farm developer in India that enables their grid to run a little bit less on fossil fuels

Mac Charles India specializes in wind energy generation in India, enabling more of that grid to run on wind

Spectrum Electrical Industries focused more on electrical components inside industrial facilities than those used in grid expansion, so we exclude them.

Dolfin Rubbers manufactures automotive tires in India. While some of the use cases are for electric vehicles, most are not, so we exclude them.

Inox Wind Energy, a part of the Inox corporate family, specializes in building and selling wind turbines in India, enabling more of that grid to run on wind.

Hindustan Copper specializes in mining and refining copper in India, a critical mineral for the energy transition.

Adani Energy Solution is focused on transmitting electricity in India. As we know Adani's owned generation is mostly coal, we exclude them

KPI Green Energy is an Indian solar developer, owning multiple solar farms around the country.

Kaycee is an electrical component manufacturer in India. While some of their products may be used in grid expansion, they are generic things like switches, so we exclude them.

SGN Telecoms specializes in building cables used in expanding the electrical grid. It also makes solar water heaters, another climate solution.