SJVN shares are expected to attract attention on November 22 after the company signed a Memorandum of Understanding (MoU) with the Energy Department of the Government of Rajasthan. The MoU aims to develop renewable energy projects in the state, including 5 GW of pumped storage projects and 2 GW of floating solar projects.
This collaboration is part of SJVN’s long-term plan to expand its renewable energy portfolio. The agreement highlights the commitment of both parties to drive clean energy development in Rajasthan.
SJVN, meanwhile, reported a marginal rise in net profit at Rs 441.14 crore for the quarter ending September 2024 as against Rs 439.64 crore for the quarter ended September last year.
In September, SJVN signed similar agreements with the Government of Maharashtra. The proposed projects included pumped storage projects and a 505-MW floating solar project at Lower Wardha Dam through MAHAGENCO.
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Source: Moneycontrol
News Desk
