The Central Government has taken measures to clear the electricity bill. Soon you will get rid of this hassle also. PM Narendra Modi made a big announcement. He did so as soon as he returned to Delhi after attending the consecration program of Ram Lalla in Ayodhya.
PM Modi Made A Big Announcement: Pradhan Mantri Sarvodaya Yojana
The central government has set a target of installing rooftop solar on 1 crore houses. As soon as this news came, there was a surge in companies working on green energy on Tuesday. Let us know in the article what is the government scheme and the companies focusing on green energy.
With the consecration of Ram Lalla in Ayodhya, the PM has announced a new scheme. Its name is Pradhan Mantri Suryodaya Yojana. He announced this on social media. PM Modi said that his government will launch the Pradhan Mantri Suryodaya Yojana.
For this, the government has set a target of installing rooftop solar on more than One crore houses. It aims to reduce the electricity bills of poor and middle-class people. The aim of the government behind this scheme is to bring self-reliance in the energy sector.
PM Modi wrote on Twitter
Today on the auspicious occasion of consecration in Ayodhya. This resolution of mine has been further strengthened. Indians should have their solar rooftop system in their homes.
सूर्यवंशी भगवान श्री राम के आलोक से विश्व के सभी भक्तगण सदैव ऊर्जा प्राप्त करते हैं।
— Narendra Modi (@narendramodi) January 22, 2024
आज अयोध्या में प्राण-प्रतिष्ठा के शुभ अवसर पर मेरा ये संकल्प और प्रशस्त हुआ कि भारतवासियों के घर की छत पर उनका अपना सोलर रूफ टॉप सिस्टम हो।
अयोध्या से लौटने के बाद मैंने पहला निर्णय लिया है कि… pic.twitter.com/GAzFYP1bjV
The PM further wrote That is why I have taken the first decision after returning from Ayodhya. That our government will launch Pradhan Mantri Suryodaya Yojana. With the target of installing rooftop solar on 1 crore houses.
With this announcement, companies focusing on green energy have again come into the limelight. Many companies are expected to get a boost. This is due to the government's effort to install rooftop solar on over 1 crore homes. Let us talk about some major companies.
IREDA
First of all, let us talk about IREDA, a government “Mini Ratna” company with more than 36 years of experience. This company is an important NBFC with the status of Infrastructure Finance Company. Its focus is on green energy.
IREDA was recently listed on the stock market. In the first session on Tuesday, it was trading at ₹156 and hit the upper circuit. But, later a slight decline was recorded.
- This stock has given a return of approximately 20.79 percent in 5 days.
- This share has increased by over 46.49 percent in a month.
- Since its listing, the company's stock has jumped by 149 percent.
Sterling & Wilson Renewable Energy Ltd
Sterling & Wilson Renewable Energy Limited is the world's top solar EPC provider. Talking about the company's share, its price is at ₹ 536. If we talk about one month, a jump of more than 19.97 percent has been recorded.
It has seen an increase of about 43.95 percent in six months. If we talk about one year, the company has given more than a 97.12 percent return on its shares to its investors.
KPI Green Energy Ltd
KPI Green Energy Limited is a KP Group company that is in the renewable energy business. KPI operates in the Green Energy, Solar, and Hybrid power verticals. It also provides EPC i.e. Engineering, Procurement, and Commissioning service. This company was established in 2008.
On Tuesday, the company's shares saw a rise of more than 4.50 percent and the share price was trading beyond Rs 1500. It has given returns of more than 12.61 percent to its investors in one month. It has increased by approximately 78.13 percent in six months.
It has given a return of 254.12 percent in one year and if we talk about five years, it has seen a jump of 466 percent.
Adani Green Energy Ltd
Adani Group's Adani Green Energy Limited is the country's largest renewable energy company. The company is continuously investing money in big projects. The company's shares registered a decline on Tuesday and it was trading around Rs 1,654.
There has been an increase of about 3.40 percent in a month. It has registered a growth of about 67.31 percent in six months. But, in one year it has fallen by 14.50 percent. This was due to the impact of the report of American short seller Hindenburg. But if we talk about the company in five years, it has given a return of up to 4,621 percent.
Tata Power Solar
Tata Power is the power company of Tata Group. It is focusing more on renewable energy. The stock is feeling the impact of the new deals in the sector. On Tuesday, the company's shares saw a rise of more than 1.59 percent.
The company's shares have given a return of 7.9 percent in one month. At the same time, it has increased by more than 61.63 percent in six months. If we talk about one year, there was a jump of 69.7 percent. And in five years it has given returns of up to 375 percent to its investors.
NTPC Ltd
The government power generator, NTPC Ltd, is a Maharatna company. It has a full focus on renewable energy. On Tuesday, NTPC was trading with a gain of 1 percent. The company's shares have given a return of 0.4 percent in one month.
It has given a return of 58.78 percent to its investors in six months. In one year, its share price has risen by about 86.34 percent. In five years, it has returned more than 169 percent.
Conclusion
Let us tell you that we have made this article for your information. We do not advise you to invest money in the shares of any company. It would be better to plan your investment only after taking advice from a financial advisor. Please tell us what you have to say about Pradhan Mantri Sarvodaya Yojana.
