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Renewable energy companies’ stocks jump as FM announces outlay of Rs 20,700 crore for Renewable Energy Plan in Ladakh

01 Feb 2023 Evaluate

Green and renewable energy companies’ stocks jumped, after the Finance Minister Nirmala Sitharaman announced a push in the green energy sector in the Budget 2023 with various announcements such as outlay of Rs 20,700 crore for Renewable Energy Plan in Ladakh and target to reach green hydrogen production of 5 MMT by 2030.

Borosil Renewables is currently trading at Rs. 513.55, up by 35.95 points or 7.53% from its previous closing of Rs. 477.60 on the BSE.

Inox Wind is currently trading at Rs. 100.95, up by 5.45 points or 5.71% from its previous closing of Rs. 95.50 on the BSE.

Inox Green Energy Services is currently trading at Rs. 50.90, up by 2.70 points or 5.60% from its previous closing of Rs. 48.20 on the BSE.

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