{"id":87131,"date":"2023-02-01T14:30:00","date_gmt":"2023-02-01T09:00:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=87131"},"modified":"2023-02-01T14:21:28","modified_gmt":"2023-02-01T08:51:28","slug":"green-energy-gets-a-boost-in-budget-2023-few-stocks-that-might-benefit","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/green-energy-gets-a-boost-in-budget-2023-few-stocks-that-might-benefit\/","title":{"rendered":"Green Energy gets a boost in Budget 2023; Few stocks that might benefit"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3458125473\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The green energy sector remained a priority in the Budget 2023 as the country intends to attain net-zero carbon emissions by 2070 and a reduction in the carbon intensity of the economy of the country of less than 45% by 2030.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2053246268\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The government is focused on a \u2018green growth\u2019 strategy that prioritizes the adoption of green fuel, energy, and building practices to reduce carbon intensity and create new green job opportunities.&nbsp;<\/p><p>Here are some of the major reforms announced for the sector:&nbsp;<\/p><p>\u25cf An outlay of Rs 35,000 crore was proposed to achieve energy transition and net zero objectives.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-184808772\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>\u25cf National Green Hydrogen Mission, with an outlay of Rs 19,700 crore, will facilitate the transition to low carbon intensity, reduce dependence on fossil fuel imports and make the country adopt the technology.&nbsp;<\/p><p>\u25cf To boost battery energy storage systems, projects will be offered viability gap funding (VGF) for a total capacity of 4,000 MWh.&nbsp;<\/p><p>\u25cf Interstate transmission system for evacuation and grid integration of 13 GW of renewable energy from Ladakh will be constructed with an investment of Rs 20,700 crore, including the central government support of Rs 8,300 crore.&nbsp;<\/p><p><strong>The reforms are cheered by the green energy stock. Borosil Renewables Ltd gained as much as 9 percent and was trading at Rs 512 levels while JSW Energy Ltd increased by 4 percent to trade at Rs 244 levels. Meanwhile, Inox Wind Ltd (up by 4% to Rs 98 levels), INOX Green Energy Services (up by 4% to Rs 49.75 levels), and Amara Raja Batteries Ltd (up 4.5% at Rs 590 levels).\u00a0<\/strong><\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Anoushka Roy<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The content in this news article is not investment advice. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-776835148\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The green energy sector remained a priority in the Budget 2023 as the country intends to attain net-zero carbon emissions by 2070 and a reduction in the carbon intensity of the economy of the country of less than 45% by 2030.&nbsp; The government is focused on a \u2018green growth\u2019 strategy that prioritizes the adoption of [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":39610,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[5401,5773,175,5792,5793,1246,4238,5789,5788,948,936,3153,3157,2597,5774,5776,5778,5777],"class_list":["post-87131","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-budget-2023","tag-budget-2023-stocks","tag-green-energy","tag-green-energy-2023","tag-green-energy-budget-2023","tag-green-energy-stocks-india","tag-green-energy-stocks-india-nse","tag-sector-to-buy-from-budget-2023","tag-sector-to-watch-from-budget-2023","tag-stock-market","tag-stock-market-news","tag-stock-to-buy","tag-stock-to-watch","tag-stocks-to-watch","tag-stocks-to-watch-in-budget-2023","tag-union-budget-2023","tag-union-budget-2023-news","tag-union-budget-2023-update"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Green Energy gets a boost in Budget 2023; 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