Countries around the world including India (India-US deal) are coming forward to promote green energy. In the G20 manifesto of Paris, countries talked about reducing carbon emissions. Now India and America have also taken steps in this direction. Both countries have agreed to contribute $500 million each to the ‘Renewable Infrastructure Investment Fund’. After this news, the shares of many companies related to renewable energy have seen a rise on Monday. Let’s know about them one by one –
INOX WIND LIMITED
The market cap of the company is Rs. 6703.13 crores. The company’s shares opened at Rs 200 on Friday. But in no time, it rose over 5 percent on the BSE to Rs. It touched an intra-day high of 212. This INOX Wind Ltd Rs. Very close to the 52-week high of 228.
Stirling & Wilson Renewable Energy Limited
On Monday, the company’s shares hit an upper circuit of 5 percent. After which the price of one share closed at the level of Rs 388.50. The company is currently working on a solar project in Turkey.
WEBSOL ENERGY SYSTEMS LIMITED
This stock was also on the upper circuit on Monday. After a 5 percent jump, the company’s shares traded on the BSE at Rs. closed at the level of 139.40. Let us tell you that the market cap of Websol Energy System Limited is Rs 540.84 crore.
JSW Energy Limited
The discussion would be incomplete if we talk about the renewable sector and not discuss JSW Energy Limited. Shares of the company rose 10 percent yesterday to Rs. 437 were successful in reaching the target.