The scale at which the government is planning the solar rooftop plan, utilities space will become crowded leaving no good investment options in the category, said Prashant Jain of 3P Investment Managers.
"I doubt if any good investment opportunities will arise in that (utilities) space," said Jain in a conversation with Moneycontrol on February 1.
However, he sees some good investment options in the utilities supply side.
Beneficiaries of the government's proposed rooftop solar scheme– Pradhanmantri Suryodaya Yojana – will get free electricity of up to 300 units per month, said Nirmala Sitharaman in her budget speech.
The scheme would enable 10 million households to sell their surplus solar energy and is projected to yield annual savings between ₹15,000 and ₹18,000 for these households.
Follow our live blog for more updates
Other highlights
The finance minister announced a viability gap funding for harnessing offshore wind energy potential for the initial capacity of one giga-watt.
She also announced coal gasification and liquefaction capacity of 100 MT will be set up by 2030. This will also help in reducing imports of natural gas, methanol, and ammonia.
Mandatory blending of compressed biogas (CBG) in compressed natural gas (CNG) for transport and piped natural gas (PNG) for domestic purposes will be mandated, said Sitharaman in her budget speech.
Disclaimer: The views and investment tips expressed by experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
