Nifty99000 100%

Sensex99000 100%

Article rating: No rating
Article rating: No rating
Article rating: 5.0
Article rating: 5.0
Article rating: 5.0
Article rating: 5.0
Article rating: 5.0
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: 4.0
Article rating: 5.0
Article rating: 3.3
Article rating: 5.0
RSS

News

Seven Indian companies among 200 in green energy revenues

Author: IANS/Wednesday, August 16, 2017/Categories: Energy

Seven Indian companies among 200 in green energy revenues

New Delhi - India is among the top 11 countries as seven of its companies are among a list of the 200 largest publicly traded entities that are making significant revenue from clean energy, an international report said.

India ranked fifth after China (68), the US (34), Japan (20) and Germany (nine).

South Korea, Canada, Sweden, Denmark, Ireland and the UK take the spot after India as per their ranking in the list of top 11 countries compiled by As You Sow and Corporate Knights.

While As You Sow is a non-profit organisation promoting environmental and social corporate responsibility, Corporate Knights is empowering people to harness markets for a better world.

They made public the 2017 Q3 Carbon Clean 200TM (Clean200TM), a list of the 200 largest publicly traded companies that are leading the way with solutions for the transition to a clean energy future.

The top 10 global companies making the list are Siemens, Toyota, Schneider Electric, ABB, Panasonic, Vestas, Bombardier, Innogyse, Johnson Controls and SSE.

The seven Indian companies are Suzlon Energy Ltd, Bharat Heavy Electricals, Tata Chemicals Ltd, Exide Industries Ltd, IDFC Ltd, Thermax Ltd and Havells India Ltd.

Suzlon Energy ranked 55th, while Bharat Heavy Electricals 85th, Tata Chemicals 144th, Exide Industries 155th, IDFC Ltd 167th, Thermax Ltd 169th and Havells India ranked the last among the 200 countries.

"After a divisive G20, we're thrilled to see corporations around the world taking the initiative and making gains from clean energy," Andrew Behar, CEO of As You Sow and report co-author, said.

"Regardless of politics, market forces driving the economic benefits of clean energy are clear and are far more powerful than a small group a backward looking men." 

The Clean200 ranks the largest publicly listed companies worldwide by their total clean energy revenues as rated by Bloomberg New Energy Finance.

In order to be eligible, a company must have a market capitalisation greater than $1 billion (end of Q3 2017) and earn over 10 per cent of total revenues from clean energy sources.

The list excludes oil and gas companies and utilities that generate less than 50 per cent of their power from renewable sources, as well as the top 100 coal companies measured by reserves.

Print Rate this article:
No rating

Number of views (375)/Comments (0)

S Vijaykrishnan
S Vijaykrishnan

IANS

Other posts by IANS
Contact author

Leave a comment

Name:
Email:
Comment:
Add comment

Name:
Email:
Subject:
Message:
x

Videos

Ask the Finapolis.

I'm not a robot
 
Dharmendra Satpathy
Col. Sanjeev Govila (retd)
Hum Fauji Investments
 
The Finapolis' expert answers your queries on investments, taxation and personal finance. Want advice? Submit your Question above
Want to Invest
 
 

Categories

Disclaimer

The technical studies / analysis discussed here can be at odds with our fundamental views / analysis. The information and views presented in this report are prepared by Karvy Consultants Limited. The information contained herein is based on our analysis and upon sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred based upon it. The investments discussed or recommended in this report may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent advice, as they believe necessary. While acting upon any information or analysis mentioned in this report, investors may please note that neither Karvy nor Karvy Consultants nor any person connected with any associate companies of Karvy accepts any liability arising from the use of this information and views mentioned in this document. The author, directors and other employees of Karvy and its affiliates may hold long or short positions in the above mentioned companies from time to time. Every employee of Karvy and its associate companies is required to disclose his/her individual stock holdings and details of trades, if any, that they undertake. The team rendering corporate analysis and investment recommendations are restricted in purchasing/selling of shares or other securities till such a time this recommendation has either been displayed or has been forwarded to clients of Karvy. All employees are further restricted to place orders only through Karvy Consultants Ltd. This report is intended for a restricted audience and we are not soliciting any action based on it. Neither the information nor any opinion expressed herein constitutes an offer or an invitation to make an offer, to buy or sell any securities, or any options, futures or other derivatives related to such securities.

Subscribe For Free

Get the e-paper free