After up to 595% rally in 1 year, wind energy stocks hit by policy overhang

Shares of companies involved in wind energy generation declined up to 5 per cent amid reports that the government may bring back reverse auctions in the wind energy sector

Shares of companies involved in wind energy generation declined up to 5 per cent on the BSE on Monday amid reports that the government may bring back reverse auctions for the sector.

Shares of Inox Wind, and KP Energy ended at 5-per cent lower circuits, while those of Suzlon closed 3 per cent weak. It, too, slipped 5 per cent intraday. Shares of Orient Green Power, meanwhile, lost 3.4 per cent after falling over 4 per cent intraday.

By comparison, the benchmark S&P BSE Sensex edged 66 points (0.09 per cent) higher at 73,872.

According to reports the Ministry of