Prime Minister Narendra Modi recently launched the Rs16,320-crore Pradhan Mantri Sahaj Bijli Har Ghar Yojana, or Saubhagya, to provide electricity connections to over 40 million families in rural and urban areas by December 2018. The scheme funds the cost of last-mile connectivity to willing households to help achieve the goal of lighting every household by 31 December 2018.
We went ahead and tried to figure out the sectors that could be potential beneficiaries of the above mentioned large government outlay. Here are the major sectors that could get benefitted.
- Electric Equipment Manufacturers
- Infrastructure Finance Companies
- Power Transmission Companies
- Transmission and Distribution Companies
- Power Equipment Companies
Please watch the video below for our study of stocks from the first 3 Sectors. The remaining sectors would be discussed in part 2 of the video series discussing the Saubhagya beneficiaries.
The Second part of the video is present here with the details of the 2 other remaining sectors and 4 stocks.
Please remember, this and all the other stock studies carried out on this site are merely educational initiatives. None of these are intended to serve as stock recommendations
Standard Disclaimer :: The information in this article has been compiled from freely available information on the internet. None of the stocks mentioned here should be considered as recommendations to buy and one must consult their financial advisor prior to acting on any of the information presented herewith. The author does not hold any stake in any of the stocks discussed.
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