RMC Switchgear shares increased by almost 12000% over a period of four years. The RMC Switchgear ₹8 Power Stock Soars 12000% as Company Plans Renewable Energy Park in Rajasthan. The company share increased by RS 937 per share. The RMC company has decided to set up a renewable energy plant in Rajasthan to facilitate residents which has led to the increase in the shares of RMC Switchgear.
RMC green energy has been allowed by the Rajasthan green energy authority to make a 50 MW renewable energy park in Rajasthan for the purpose of facilitating the people of Rajasthan with renewable energy. The RMC Switchgear ₹8 Power Stock Soars 12000% as Company Plans Renewable Energy Park in Rajasthan.
RMC Switchgears said, “The company is pleased to inform that RMC Green Energy Private Limited which is a subsidiary of RMC Switchgears Limited has received approval from Rajasthan Renewable Energy Corporation to set up a 50 MW Renewable Energy Park in Rajasthan under the Renewable Energy Policy 2023. RMC Switchgears is actively pursuing additional tenders of over 600 MW and is engaging with both public and private sector entities to achieve the ambitious target of achieving 1 GWp in EPC contracts in the next 18 months” the company said.
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The Benefits Of Renewable Energy
Renewable energy offers many benefits as it is environmentally friendly and unlike fossil fuels it produces no harmful emissions. This helps reduce air pollution and to prevent climate change. Renewable energy sources are clean and sustainable which will help protect Rajasthan atmosphere and ensure a healthier future for everyone.
Another advantage is the cost savings as renewable energy has become cheaper over time. Once the systems are set up the maintenance costs are low and this makes it affordable in the long run. Renewable energy also creates job opportunities as building and maintaining renewable energy systems need skilled workers. This opens doors to employment in many communities.
Renewable energy is endless and unlike fossil fuels it will not run out. Sunlight, wind and water are always available. This makes renewable energy a reliable source for the long term. Rajasthan’s plan to invest in renewable energy can secure its energy needs for the future. Even when non-renewable resources like coal and oil are exhausted Rajasthan will still have access to clean energy. This move will not only keep the state powered but also make it independent from the unstable supply of non-renewable resources.
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