SJVN shares jumped more than 2% after the company inked two MoUs with the Maharashtra government for the development of 8100 MW of Pumped Storage Projects and a 505 MW Floating Solar Project. The projects, with an estimated investment of 48,000 crores, will promote eco-tourism and skill development along with producing 8400 jobs.
The company has shown strong market performance, opening at ₹127.11 and reaching a day high of ₹129.65 and a low of ₹127.11. This stability indicates investor confidence and potential for growth in the renewable energy sector.
As of 11:33 am, SJVN shares were trading 2.79% higher at Rs 129.50 on the NSE.
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