New Delhi: solar share. If any country wants to make economic progress, then first of all its energy needs will have to be met. Due to which the government is making continuous efforts to promote solar industry as one of such energy sources. So in the budget 2024, a big announcement has been made by the Modi government regarding the solar scheme. The effect of which has also been seen on the shares of solar companies.
Modi government made this big announcement for solar sector
Modi government has made a big announcement for the solar sector in Budget 2024, due to which Finance Minister Nirmala Sitharaman said in her budget speech that 1 crore families will get free electricity from the Solar Rooftop Scheme. Due to which the people associated with it will also earn an income of Rs 15 to 18 thousand every month. The Finance Minister said that big decisions were also taken for farmers in this budget. He said that the foundation of a developed India has been laid with this budget. The market cap of the company increased to Rs 48,823.25 crore.
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While many companies are working in this sector, the shares of this company which was recently listed in the stock market are giving tremendous returns. Here we are talking about Indian Renewable Energy Development Agency (IRDEA). IRDEA’s IPOs had created a stir.
Bet in these shares working in solar sector
This big announcement of the government for the solar sector proved to be a big news for the income of the people, the shares of Indian Renewable Energy Development Agency related to this sector reached a record high in the early trading on 1st February i.e. Thursday. The stock opened 5% higher at Rs 190.95 on BSE. This is also its new high price of 52 weeks.
The government has made a big announcement for the solar sector, through which people can place bets in the shares of companies like Tata Power, Adani Power.
