Global Climate Solution Stocks

Race Eco Chain is an Indian recycling company that generated 87% of its revenue from recycling plastic and paper.

Asahi India Glass is a glass manufacturer. While they do make some glass for buildings, they generated 59% of their revenue from automotive glass, which is not a climate solution, so we exclude them

Bharat Wire Ropes is an Indian wire manufacturer that generates most of the revenue from serving industries like general construction and oil/gas than electricity transmission, so we exclude them.

Shree Steel Wire is an Indian wire manufacturer that generates most of the revenue from serving industries like fishing and oil/gas than electricity transmission, so we exclude them.

Ushdev International used to generate revenue from wind power and recycling metals, but it seems to have gone out of business.

Azure Power Global is an Indian pureplay solar and wind developer, helping the Indian grid run more off of sun and wind than fossil fuels.

Prabhat Technologies is an Indian services provider that generates a majority of its revenue from provider tech services to the solar industry, enabling that industry to run and scale more efficiently.

Solex Energy is an Indian pure play provider of solar panels for a variety of uses from homes to utility-scale

Delton Cables generates a majority of its revenue from wires and other products used in building and maintaining the electrical grid in India, a key precursor to the electrification of everything.

Bikewo Green Tech is a pure play provider of electric vehicles in India, making it easier for people in India to drive without emissions.

Shubhshree Biofuels is an Indian manufacturer of biomass pellets that can be burned to create electricity. As of our 2025 review, we do not consider biomass a climate solution, so we exclude them.

Rir Power Electronics generates a majority of its revenue from building products for the high voltage sector of the power industry, the part that primarily operates in grid expansion, a key climate solution

While Techknowgreen Solutions helps companies implement climate solutions through ESG reporting services, it is not a direct purveyor of them, so we exclude them.

Divine Power Energy specializes in refining copper into wires and rods so that it can be used in wiring and the expansion of the grid.

Supreme Power Equipment is an Indian firm that specializes in building products and services for the grid, specifically power transformers.

Godha Cabcon & Insulation generates a majority of its revenue from providing electrical wires for the grid, a key part of the energy transition.

Voltamp Transformers generates a majority of its revenue from providing electrical transformers which enable the transmission of electricity in high voltage and usage in low voltage.

Perfect Infraengineers offers an innovative way for households in India to use passive solar heating to drive a compressor and provide more energy efficient cooling.

The Waterbase is an Indian manufacturer of shrimp feeds and also owns its own shrimp farms. We could find no way in which they were improving energy efficiency over industry standard, so we exclude them.

Eveready Industries is an Indian battery manufacturer that mainly makes household batteries for use in toys and appliances, not climate solutions.