The Budget is expected to support the utilities and renewable energy sector through the expansion of PM Surya Ghar Yojana and PM KUSUM schemes, along with extending the PLI scheme to upstream solar manufacturing. Other key measures may include a reduction in dividend tax for renewable energy SPVs, cuts in BCD and IGST on capital equipment for solar glass, ingots, and wafers, and refinancing of legacy DISCOM debt, aimed at improving financial health and encouraging investment in the sector.
Stocks likely to benefit- Waaree Energies, Premier Energies, Saatvik Green, Tata Power, ACME, JSW Energy, NTPC Green, and NTPC
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