On 22nd Jan 2024, Prime Minister Narendra Modi announced Pradhan Mantri Suryoday Yojana just after Ram Mandir Pran Pratishtha in Ayodhya.
What actually is PM Suryoday Yojana?
Pradhan Mantri Suryoday Yojana is the scheme of the Indian Government under which the government will bear the entire cost of installing solar rooftop systems, through which low income households will get upto 300 Units of Electricity free of cost and can sell surplus electricity produced.
Finance Minister Nirmala Sitharaman in speech of ‘Interim Budget 2024’ stated that –
“Through PM Suryoday Yojana government will set up Rooftop Solarization on 1 Crore houses and each household will get 300 units of electricity free through which they could save Rs. 15000 to 18000.”
Stocks that can give multibagger returns from Suryoday Yojana : -
Here is a list of Solar related stocks which are either in business of setting solar panels or in business of any other equipment used in manufacturing solar panels or used in setting up solar panels.
- Borosil Renewables
- Tata Power
- Adani Enterprises
- Exide Industry
- IREDA
- JSW Energy
- Sterling & Wilson Renewable
- Thermax
- Voltamp transformers
- Asahi India Glass
- Urja Global
- Swelect Energy
- Surana Solar
- Websol Energy
- Servotech power
- Oriana Power
- KPI Green Energy
- Insolation Energy
- Waaree Renewables
- Waa Solar
