A penny stock in the solar energy sector has delivered 400% returns in the last five years. However, over the past year, the stock has declined by 32%.
Due to the government’s recent push to promote solar energy, several solar energy companies have come into focus, Urja Global Ltd being one of them.
Urja Global, Penny Stock in Solar Energy Sector
Urja Global Ltd is a government-recognized and publicly listed renewable energy venture that has established a stronghold in the sector in the last three decades. The company has announced its inclusion in the national registration and panel of the Ministry of New and Renewable Energy (MNRE) and all state and union territory DISCOMs across India.
Their success allows Urja Global to participate in implementing the Indian Government’s rooftop solar initiative—the ‘Free Electricity for Every Home’ Scheme, led by Prime Minister Narendra Modi. This initiative aims to empower Indian households with free electricity through rooftop solar installations, thereby accelerating the country’s transition towards a sustainable and decentralized energy system.
Urja Kendras in 2.68 Lakh Villages
Inspired by the national mission, Urja Global is launching its flagship ‘Urja Kendra’ network in 268,000 gram panchayats, establishing the first-of-its-kind integrated renewable energy retail ecosystem.
These outlets are designed to generate rural employment and support entrepreneurship at the village level, at the same time delivering green energy solutions. Each Urja Kendra will market and distribute solar systems, batteries, and electric scooters, provide installation services for on-grid and off-grid rooftop solar systems, and establish and operate EV charging stations. This initiative directly supports the Prime Minister’s vision of energy independence, rural empowerment, and green development.
Stock Performance
Shares of Urja Global Ltd rose by 3.43% to reach ₹15.70 per share, compared to the previous close of ₹15.18. The stock’s 52-week high is ₹25.38, and the 52-week low is ₹10.71. The company’s market capitalization is over ₹800 crore.
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