The Indian government’s push for scaling up domestic manufacturing of key renewable energy components has put stocks like Premier Explosives and Waaree in the spotlight.
Finance Minister Nirmala Sitharaman announced initiatives aimed at bolstering the country’s manufacturing of solar PV cells, wind turbine generators, electrolysers, and grid-scale batteries. These efforts aim to reduce import reliance and foster self-sufficiency in the renewable energy sector.
With a focus on clean energy, the FM’s plans are expected to drive substantial growth in India’s renewable energy infrastructure.
As of 11: 41 AM, Premier Explosives share were trading 2.84% higher at Rs 472.80. On the other hand, Waaree shares were trading 4.78% higher at Rs 2504.75.
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