Pradhan Mantri Suryoday Yojana how can it benefit you

Pradhan Mantri Suryoday Yojana

After the inauguration of Ram Mandir in Ayodhya, PM Narendra Modi launched the PM Mantri Suryoday Yojana on 22nd January 2024. Pradhan Mantri Suryoday Yojana aims to reduce the light bill for poor and middle-class people in the country.

It will allow over 1 crore houses in India to have solar power this is the major news for solar power generators. Installing rooftop solar will reduce the electricity bill and By this PM Modi’s Scheme will become self-reliant.

This is the major news for solar-making companies, but for making an entire solar rooftop system many components are required like smart meters, inverters, cables, and connectors these companies making all these components will be profitable and generate good revenue and their stocks can have a good rise in upcoming days.

Stocks to benefit from the Pradhan Mantri Suryoday Yojna

Here in the list first come solar pannel-making companies :

  1. Tata Power.
  2. Servotech Power System Ltd.
  3. Adani Green.
  4. KPI Green Pvt Ltd.
  5. WAAREE

In the second position of components smart meters comes if 1 crore solar panels are required then obviously there will be needed for 1 crore smart meters, It are used for efficient management of energy, It involves 4 major stocks:

  1. HPL electric.
  2. Genus Power.
  3. GMR Power.
  4. Tata Power.

The third component is the Inverters, inverter are used to convert DC power supply to usable AC supply here comes the list of the companies.

  1. ABB India.
  2. Hitachi Energy.
  3. Servotech Power.

The companies behind Cable manufacturing, mounting, and Structuring will also benefit from it.

Read More: Elvish Yadav Business 2023-24

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