Company updateFinancial Express
India launches Rs 14,500 cr energy storage push
Positive+11
GreyOak summary
India's government announced a Rs 14,500 crore funding scheme to support 92 GWh of new energy storage capacity. Reliance Industries is building a 100 GWh battery manufacturing ecosystem in Gujarat, while Adani Green targets 50 GWh of storage by FY30. These moves address the gap between renewable generation and consumption needs.
What it affects
- EnergyPositive +11
Government launches 14,500 cr storage scheme.Rolling sentiment Positive +38
