Electric Infrastructure at Airports Nationwide – 5 Stocks to Benefit
Electric Infrastructure at Airports Nationwide – The Indian government is taking steps to reduce carbon emissions at airports by implementing electric vehicles (EVs) and charging infrastructure through the PM E-drive scheme. With Rs. 10,900 crore allocated over two years, the scheme aims to subsidize the installation of public EV chargers, including at airports.
The Ministry of Civil Aviation will work in conjunction with the Ministry of Heavy Industries to execute this initiative. The transition to electric ground support equipment (GSE) at airports will not only decrease carbon footprints but also enhance air quality. Private operators, such as Adani Airport Holdings, are already making the switch to EV fleets to promote sustainability within airports.
Here are some stocks that could potentially benefit from the government’s plan to expand electric infrastructure within airports across India:
Tata Motors is a prominent global automobile manufacturer recognized for its wide range of vehicles, including passenger cars, trucks, and electric vehicles (EVs). The company’s business strategy revolves around innovation, sustainability, and customer-focused solutions. Tata Motors invests in cutting-edge technologies and strategic partnerships to improve its product offerings and broaden its market reach.
With a market capitalization of Rs. 2,82,047.79 Crores, Tata Motors Limited’s shares were trading at Rs. 763.45 per equity share, marking a 0.20 percent decrease from the previous day’s closing price of Rs. 764.95. The company’s revenue from operations saw a 3.5 percent decline from Rs. 1,05,129 Crores in Q2FY24 to Rs. 1,01,450 Crores in Q2FY25, resulting in a profit decrease from Rs. 3,832 Crores to Rs. 3,450 Crores.
Mahindra & Mahindra, established in 1945, is a prominent Indian multinational conglomerate specializing in automotive, farm equipment, and technology services. The company’s core values revolve around innovation, sustainability, and customer-centric solutions.
They are known for producing high-quality vehicles and tractors, as well as expanding into renewable energy and IT services in over 100 countries. Mahindra & Mahindra’s ultimate goal is to improve livelihoods and foster positive change on a global scale.
As of the latest data, Mahindra & Mahindra Limited has a market capitalization of Rs. 4,01,305.41 Crores, with shares trading at Rs. 3,220.55 per equity share, representing a 0.33 percent increase from the previous day’s closing price of Rs. 3,210.
The company’s Revenue from operations saw a growth of 10.12 percent, rising from Rs. 34,436 Crores in Q2FY24 to Rs. 37,924 Crores in Q2FY25. Profits also increased from Rs. 2,484 Crores to Rs. 3,361 Crores during the same period.
Olectra Greentech Limited, founded in 2000, is the largest manufacturer of electric buses and composite polymer insulators in India. The company is dedicated to providing sustainable e-mobility solutions, with a focus on electric buses and trucks.
Olectra Greentech is committed to expanding its product line to support environmental initiatives and improve urban transportation. Their mission is to lead the electric vehicle market through innovation and strategic partnerships.
With a market capitalization of Rs. 12,342.07 Crores, Olectra Greentech Limited’s shares were trading at Rs. 1,503.65 per equity share, showing a 0.71 percent increase from the previous day’s closing price of Rs. 1,493.10.
Ashok Leyland, established in 1948, is a prominent Indian manufacturer of commercial vehicles, specializing in trucks and buses. The company’s core values revolve around innovation, sustainability, and an extensive service network. They offer a wide range of vehicles and are venturing into electric and hydrogen-powered solutions to enhance transportation efficiency across various sectors, including defense and logistics.
As of the latest data, Ashok Leyland Limited has a market capitalization of Rs. 69,390.14 Crores, with shares trading at Rs. 236.30 per equity share, marking a 0.17 percent increase from the previous day’s closing price of Rs. 235.90. Despite a 2.45 percent decline in revenue from operations, dropping from Rs. 11,429 Crores in Q2FY24 to Rs. 11,148 Crores in Q2FY25, the company saw profits rise from Rs. 569 Crores to Rs. 767 Crores.
On the other hand, Tata Power, founded in 1910, is a leading integrated electric utility in India, focusing on renewable energy generation, transmission, and distribution. Their business strategy revolves around sustainability and innovation, with a significant emphasis on expanding renewable capacity and providing comprehensive energy solutions, such as electric vehicle charging infrastructure and smart grid technologies, to boost energy efficiency and support India’s shift towards clean energy.
Tata Power Limited boasts a market capitalization of Rs. 1,27,478.07 Crores, with shares trading at Rs. 398.95 per equity share, reflecting a 0.86 percent increase from the previous day’s closing price of Rs. 395.55. Despite a slight 0.25 percent decline in revenue from operations, falling from Rs. 15,738 Crores in Q2FY24 to Rs. 15,698 Crores in Q2FY25, the company’s profits increased from Rs. 1,017 Crore to Rs. 1093 Crore.
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Disclaimer: This blog post is for informational purposes only and should not be considered financial advice. Investors should conduct thorough research and consult with a qualified financial advisor before making any investment decisions.