SJVN gains on inking MoUs for renewable energy projects

SJVN has signed MoUs for projects in Gujarat and Himachal Pradesh

SJVN has gained around 3% to Rs 25.40 in BSE after inking Memorandum of Understanding (MoU) with Hindustan Salts Limited and Rajasthan Electronics and Instruments Limited for construction of renewable energy projects in Gujarat and Himachal Pradesh.
 
SJVN, a joint venture of Government of India and Government of Himachal Pradesh, has signed an MoU with Hindustan Salts Limited to conceptualise, implement, operate and maintain the ultra-mega hybrid renewable energy (solar & wind) park at salt pan land in Kharaghoda, Gujarat.
 
Another MoU has been inked with Rajasthan Electronics and Instruments Limited to develop  solar power plant of 2MW capacity in Kotla, Himachal Pradesh.

 
The stock opened at Rs 25.25 and has hit a high of Rs 25.55 while around 5.5 lac shares have changed hands in BSE and NSE combined.