Comments
Green energy stocks rallied on Saturday after Finance Minister Nirmala Sitharaman announced plans to create a clean power technology ecosystem.
The announcement included a new manufacturing mission under the Make in India initiative, focusing on solar, electrolysers, and batteries.
The move is expected to boost domestic manufacturing of clean energy technologies and help India achieve its ambitious renewable energy targets.
Shares of Suzlon Energy, Waaree Energies, NTPC Green Energy, Adani Green Energy, and Inox Wind all advanced following the announcement.
Inox Wind surged 4.54 per cent, Suzlon Energy 3.18 per cent, Waaree Energies 3.11 per cent, Adani Green Energy 3.05 per cent and NTPC Green Energy 2.18 per cent.
Further, the new manufacturing mission is expected to create new jobs and boost economic growth.
Finance Minister Nirmala Sitharaman presented her eighth consecutive Union Budget today in the Lok Sabha. The budget focused on infrastructure development, green energy, and inclusive development.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.