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Energy companies’ stocks surge after Govt grants complete waiver of ISTS charges to off-shore wind projects

30 May 2023 Evaluate

Suzlon Energy is currently trading at Rs. 10.67, up by 0.32 points or 3.09 % from its previous closing of Rs. 10.35 on the BSE.

KPI Green Energy is currently trading at Rs. 500.45, up by 14.45 points or 2.97 % from its previous closing of Rs. 486.00 on the BSE.

Inox Wind is currently trading at Rs. 136.60, up by 2.60 points or 1.94 % from its previous closing of Rs. 134.00 on the BSE.

In a big boost to off-shore wind energy projects, the Government has given complete waiver of ISTS charges for 25 years to projects commissioned on or before December 31, 2032. Besides, the ISTS waiver of Green Hydrogen and Green Ammonia projects extended from June 30, 2025 to December 31, 2030.

This decision has been taken to facilitate wider execution of offshore wind energy initiatives, to promote the expansion of Green Hydrogen / Green Ammonia Projects and to encourage the offtake of renewable energy from Energy Storage System Projects.

Further, to promote development of Pump Storage Plants (PSP), the criteria for availing the complete waiver of ISTS charges for PSP projects has now been linked to the date of award of the project rather than commissioning of the project. This shall be applicable in cases where construction work is awarded on or before June 30, 2025.


Suzlon Energy Share Price

53.92 0.28 (0.52%)
10-Jul-2026 16:59 View Price Chart
Peers
Company Name CMP
Havells India 1188.25
Siemens 3503.15
Apar Industries 14086.80
ABB India 6833.55
Waaree Energies 2922.10
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