Budget 2021: What’s in it for Renewable Energy Sector

Budget 2021…Key Points by EQ:

1. Additional Capital Infusion of Rs. 1000 Cr to SECI and Rs.1500 Crores to IREDA

2. Import Duty on Solar Inverters Raised to 20% from 5% and on Solar Lanterns Raised to 15% from 5%

3. Inputs, Parts and Sub-parts [other than PCBA and Lithium-ion Cell] for manufacture of Lithium-ion battery and battery pack [w.e.f. 01.04.2021] import customs duty increased from zero to 2.5%.