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Tag - defence

The need for energy in all its forms is growing daily, and the world's traditional energy sources (Fossil fuels) are running out. Renewable energy sources are becoming more significant in this scenario. For the benefit of the environment and human existence, all countries are developing policies that place a strong emphasis on these energy sources. In the upcoming years, India will invest crores of rupees in this industry. Consequently, businesses in this industry are growing. The equities of these companies, which generate and distribute renewable and environmentally friendly energy sources such as solar, wind, water, geothermal, and bioenergy, may be moving high giving the investors decent returns. Morgan Stanley, JSW Energy Ltd, green hydrogen, KP Energy, Adani Green Energy, 1.SJVN ltd. (Mkt Cap (Rs. Cr. 52,042) In addition to owning the biggest hydroelectric facility in India, they also have wind and solar power projects. Following the outcome of the election, the focus may now shift to power and renewable energy stocks, leaving behind infrastructure, housing, railways finance, engineering, defence, sugar, agro, fertiliser etc. 2. NHPC Ltd- (Mkt Cap (Rs. Cr. 1,00,611) This PSU has a strong presence in the hilly state of the Himachal Pradesh. Since its founding in 1975, the firm has diversified into the generation of hydropower as well as renewable energy sources including solar and wind. Net Sales decreased by 3.84% from Rs. 1,717.43 crore in March 2023 to Rs. 1,651.55 crore in March 2024.March 2024 saw a 22.53% increase in Quarterly Net Profit to Rs. 697.76 crore from Rs. 569.47 crore in March 2023.

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Renewable Energy Revolution: Top Shares to Watch Now

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