Under the Pradhan Mantri Suryoday Yojana, which PM Modi promised, one crore families will have rooftop solar panels installed.

Latest News Updates : One day after Prime Minister Narendra Modi pledged solar panels for one crore houses following the Ram Mandir inauguration ceremony on Monday, the shares of renewable energy firms experienced tremendous rise on January 23.

With their shares rising more than 5% as the markets closed, major renewable energy businesses like Tata Power and Indian Renewable Energy Development Agency (IREDA) were among the top stock market gainers of the day.

Following the nation’s celebration of the Pran Prathishtha of Ram Lalla idol in the Ayodhya Ram Mandir on Monday, when PM Modi announced the Pradhanmantri Suryodaya Yojana, stocks of renewable energy saw an overall spike of over 18% today.

“On the auspicious occasion of consecration in Ayodhya, my resolution got further strengthened that the people of India should have their own solar rooftop system on the roof of their houses,” the prime minister tweeted on Monday. After coming back from Ayodhya, I decided that our government would start the “Pradhanmantri Suryodaya Yojana,” which aims to install rooftop solar panels on one crore homes.

Renewable energy companies see major spike

In the renewable energy industry, Borosil Renewables was the biggest stock market gainer of the day, rising 19% to reach a 52-week high. Tata Power was the second winner, with a 6% increase in share prices on Tuesday.

Other Indian renewable energy firms, including the government-owned IREDA, Waree Renewable Technologies, Surana Solar, Sterling and Wilson Renewable Energy, and Gensol Engineering, all saw a 5% increase today, reaching a 52-week high.

The launch of the Pradhanmantri Suryodaya Yojana, which would increase demand for solar panel systems, and the expanding developments in India’s renewable energy industry are the main causes of the notable increase in shares on Tuesday, even in the midst of the massive market crash.

By newsparviews.com

Newsparviews is a independent source bace news agency that give latest and trending news from authentic source. So we take update our viewer and visiter . So If you want To get All News from "newsparviews.com" Subscribe Our Web Page Latest trending news today

Leave a Reply

Your email address will not be published. Required fields are marked *