4 Green Energy Stocks Where FIIs and DIIs Bought Stake

#2 Inox Wind

Next on the list is the stock of Inox Wind.

The company stands as India's premier wind energy solutions provider. Inox Wind is a fully integrated player in the wind energy market, featuring four state-of-the-art manufacturing plants strategically located in Gujarat and Madhya Pradesh.

With a cumulative manufacturing capacity of 1.5 GW, Inox Wind manufactures key components of Wind Turbine Generators (WTGs) in-house, ensuring high quality, advanced technology, reliability, and cost competitiveness.

FII and DII Holdings - Inox Wind

FII Holdings

Their stake increased from 13.37% (September 2025) to 14.16% (December 2025) and finally to 14.6% (March 2026).

This consistent accumulation suggests growing global investor interest, likely driven by India's renewable energy push, improving order visibility, and sector tailwinds in wind energy.

DII Holdings

DII holdings rose from 9.87% in September 2025 to 10.96% in March 2026, indicating conviction. The jump in the March quarter could reflect increased participation by mutual funds or insurance players.

On the financial front on a consolidated basis, Inox Wind reported Q3 FY26 revenue of Rs 12.38 bn, an increase of 24% YoY. The EBITDA of Rs 3,130 m, saw an increase of 39% YoY excluding one-time gain in quarter third quarter of FY25.

The profit after tax of the company was placed at Rs 1,270 m, an increase of 14% YoY.

The company continues to deliver strong earnings supported by the various initiatives which have been undertaking in the past quarters including its successful backward integration into cranes and transformer manufacturing.

Coming to the order book, Inox Wind has a large and well diversified order book of 3.2 GW having added almost 600 MW in FY26 including orders from marquee customers like Aditya Birla, Amplus, Jackson, and FirstEnergy.

The company expects to add to this order book given that multiple customer negotiations are nearing closure.

The management recently stated that Inox Wind is progressing well on the launch of its new 4X, 4.45 MW turbine and expects to receive all approvals and subsequently commercially launch the product within this calendar year.

To know more check the Inox Wind fact sheet and latest quarterly results.

#3 Premier Energies

Premier Energies is one of the largest integrated solar module manufacturers in India. With a proven track record of 30 years in the business.

As of January 2026, the company has an installed annual manufacturing capacity of 3.6 GW of solar cells and 5.4 GW of solar modules, following brownfield expansions commissioned in January 2026.

Backed by GEF Capital, a Washington DC-based private equity investor, the company has built a good reputation for scale, quality, and manufacturing.

FII and DII Holdings - Premier Energies

The shareholding trend in Premier Energies shows a gradual improvement in institutional confidence, but with slightly different behaviour between FIIs and DIIs.

FII Holdings

Foreign Institutional Investors increased their stake from 4.23% (September 2025) to 5.72% (March 2026). This is a meaningful rise, especially the sharp jump in the March quarter.

It suggests growing global interest, possibly driven by improving sector outlook (renewables/wind energy), better execution, or expectations of stronger order inflows.

DII Holdings

Domestic Institutional Investors reduced exposure slightly in December (13.26% to 12.72%), but then increased significantly to 13.69% in March 2026, reaching a new high for the period.

This indicates renewed domestic confidence after a brief pause, likely on valuation comfort or improving fundamentals.

On the financial front, the company reported revenues in Q3 FY26 of Rs 19,365 m vs Rs 17,133 m YoY. The net profits of Premier Energies was placed at Rs 3,917 m vs Rs 2,551 m YoY.

Premier Energies has received orders aggregating to Rs 25.77 bn in Q4 FY26 for supply of 1,600 MW solar cells and modules.

Execution of these orders is scheduled across FY27 and FY28. The contracts have come from a mix of leading domestic Independent Power Producers (IPPs), module manufacturers and EPC contractors.

Premier Energies' future prospects appear tied to India's strong solar manufacturing push. As one of the country's integrated solar cell and module makers, it's benefiting from rising domestic demand, import substitution, and policy support.

To know more check the Premier Energies fact sheet and latest quarterly results.

#4 Tata Power Company

Tata Power Company, a leading integrated power company and a part of the Tata Group, is India's largest multinational business conglomerate, owns a diversified portfolio of 15.7 GW.

Its portfolio spans the entire power value chain, from renewable and conventional energy generation to transmission, distribution, trading, storage solutions, and solar cell and module manufacturing.

Tata Power Renewable Energy Limited is a subsidiary of Tata Power in the green energy space. It's India's leading renewable energy company, brings scale and credibility to India's clean grid.

Its utility portfolio totals 5.755 GW, with 5.755 GW already operational across solar (4.721 GW) and wind (1.034 GW).

The rooftop program has crossed 1.5 lakh systems and about 3 GW across 700+ cities. Solar EPC execution exceeds 7,400+ MWp, plus 3+ GW of rooftop and distributed ground-mounted systems. The company also strengthens reliability by dispatchable renewable contracts for peak and round-the-clock supply.

FII and DII Holdings - Tata Power Company

FIIs and DIIs have gradually increased their stake in the March 2026 quarter, when compared to the September 2025 quarter.

On the financial front, Tata Power reported revenues of Rs 139,484 m vs Rs 153,911 m YoY. The net profits of the company were placed at Rs 9,956 vs Rs 10,014 m YoY.

The company has reported a 3-year sales CAGR of 15.2%, while the net profits during the same period has been 22.1%.

In the last nine months, Tata Power has seen huge capacity added especially in renewable space, and with it the overall capacity has reached 514 GW of installed capacity. Nearly 45 GW was added in this fiscal, out of which 38 GW is renewable capacity.

The management in a recent presentation said they expect this momentum will be continued.

The company's power portfolio is expected to expand significantly in the next few years. The PSP project in Bhivpuri and the hydro plant in Bhutan are on full swing. The management is confident they will meet the timelines that have been set by the company for both these projects.

Tata Power's future outlook seems promising, bolstered by its broad presence across generation, transmission, distribution, renewables, EV charging, rooftop solar, and battery storage. The company is actively scaling up solar manufacturing, utility-scale renewable projects, and battery energy storage systems (BESS), positioning itself for sustained long-term growth.

Regulated distribution operations in Mumbai, Delhi, and Odisha ensure steady cash flows, while its clean energy ventures provide avenues for robust growth. India's increasing power demand and shift toward renewable energy serve as significant drivers.

However, effective execution, prudent debt management, and adherence to tariff regulations will continue to play a critical role in shaping its trajectory.

To know more check the Tata Power fact sheet and latest quarterly results.

Conclusion

Green energy stocks where both FIIs and DIIs have increased their stakes can be worth considering, but only as part of a broader investment approach.

Such buying typically reflects institutional confidence in the long-term growth of the renewable energy sector, driven by policy support, energy transition goals, and rising demand.

When both foreign and domestic institutions invest simultaneously, it often signals strong conviction and thorough research backing the companies.

However, this indicator should not be followed blindly. Institutional investors often enter early, and by the time retail investors notice, valuations may already be stretched.

Additionally, FIIs can reverse positions quickly due to global macro factors, while DII flows may be influenced by steady inflows rather than pure valuation comfort. The green energy sector itself can also be cyclical and dependent on government policies and project execution.

Therefore, FII and DII stake increases should be used as a screening tool rather than a buy signal. Investors should combine this insight with fundamental analysis such as revenue visibility, order book strength, debt levels, and valuation.

In summary, institutional buying highlights opportunities but disciplined analysis determines whether it's worth investing.

Happy investing.

Disclaimer: This article is for information purposes only. It is not a stock recommendation and should not be treated as such. Learn more about our recommendation services here...