The ever-growing concern about clean air and pollution arising across the world. These problems are getting wider attention and calling for changes by governments across the world. Most of the Industries started by the use of fossil fuels and that is helping the economy to run. With climate change issues faced across the world, the shift towards more sustainability is in the focus. There is a push to reform to subsidies the renewable energy sector which might be beneficial for the longer run. This in turn was a huge opportunity for many companies and the value is increasing every year. In this article, we will look at some of the best green energy stocks in India.
Industry gaining prominence in the recent budget
In the Interim Budget for 2024-2025, the fiscal allocation for solar power grid infrastructure construction increased to Rs. 8,500 crore (US$ 1.02 billion), an increase from Rs. 4,970 crore (US$ 0.60 billion) in 2023-24.
KP Energy is expanding its Engineering, Procurement, Construction, and Commissioning (EPCC) business, concentrating on wind and hybrid projects. As they execute more EPCC projects, their O&M services business is expected to grow as well.
With 1,012.65 MW of projects currently in hand, it shows the company’s growth in renewable energy capacity development.
While the company has not mentioned its plans they are getting orders which benefit the company. Their focus looks to be on expanding EPCC services, and growing O&M operations.
