GOVERNMENT APPROVES Rs 2,585 CRORE SCHEME FOR DEVELOPMENT OF SMALL HYDRO POWER PROJECTS

The government has approved a Small Hydro Power Development Scheme for the period FY27 to FY31, with an outlay of Rs 2,584.60 crore for the installation of small hydro power projects of an approximate capacity of 1,500 MW. The move is aimed at accelerating clean energy generation in remote and rural locations. It will support small hydro projects (between 1-25 MW capacity) to come up in different states and will especially benefit hilly and North Eastern states with high potential for such projects. Stocks that are set to benefit from this policy are -

, , , , as they will be the suppliers of industrial components to set up hydro power plants.