Solar stocks surged by over 11% around noon, led by Borosil Renewables, following Finance Minister Nirmala Sitharaman’s announcement in her Budget speech. She revealed that the PM Surya Ghar Muft Bijli Yojana has seen 1.28 crore registrations and 14 lakh applications.
Presenting her seventh Union Budget on Tuesday, Sitharaman emphasized the government’s focus on energy security. She announced the upcoming release of a policy document on energy transition pathways. The PM Surya Ghar Muft Bijli Yojana, launched by the Modi 2.0 government, aims to install rooftop solar plants, providing free electricity up to 300 units per month to 1 crore households.
