Power stocks climbed after the Finance Minister outlined plans to boost renewable energy and promote nuclear energy.
Stocks such as PFC, REC, IREDA, and NTPC increased by roughly 2%.
The finance minister also proposed a pump storage scheme to boost renewable energy.
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The sophisticated Ultra Super Critical thermal critical plant was constructed in collaboration with NTPC and BHEL.
India's electricity consumption increased 7.3% YoY in FY24, with a 5% CAGR over the previous five years.
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