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SJVN’s MoU with Rajasthan focuses on 7 GW renewable energy projects, including 5 GW pumped storage and 2 GW floating solar projects. SJVN share price gains spotlight amid growth.
SJVN has signed a Memorandum of Understanding (MoU) with the Energy Department of the Government of Rajasthan to develop significant renewable energy projects. The initiative aims to establish 5 GW of pumped storage projects and 2 GW of floating solar projects across the state. This partnership reflects a shared commitment to advancing renewable energy on a long-term basis, ensuring sustainable energy production in line with India’s green energy goals.
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Renewable Energy Capacity: 5 GW pumped storage projects and 2 GW floating solar projects.
Long-Term Collaboration: MoU outlines continued cooperation for renewable energy development.
SJVN’s Performance: Net profit increased to Rs. 441.14 crore in Q2 FY24.
The MoU with Rajasthan represents a strategic move for SJVN as it seeks to strengthen its renewable energy portfolio. The agreement aligns with its recent developments in Maharashtra, where it signed two MoUs in September 2024. These agreements focused on pumped storage projects and a 505 MW floating solar project at Lower Wardha Dam. Together, these initiatives highlight SJVN’s dedication to achieving its ambitious green energy targets.
Region | Project Type | Capacity (MW/GW) | Details |
Rajasthan | Pumped Storage | 5 GW | MoU with Rajasthan’s Energy Department |
Rajasthan | Floating Solar | 2 GW | MoU with Rajasthan’s Energy Department |
Maharashtra | Floating Solar | 505 MW | Lower Wardha Dam project |
Maharashtra | Pumped Storage | Undisclosed | MoU with State Energy Department |
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Following the MoU, the SJVN share price is likely to gain traction as investors assess the company’s progress in renewable energy expansion. With a steady increase in profitability and ambitious project pipelines, the company has established itself as a strong player in India’s green energy landscape.
SJVN’s partnership with the Rajasthan Government underlines its commitment to renewable energy and positions it for significant growth in the energy sector. These collaborations not only enhance India’s energy sustainability but also reinforce SJVN’s position in the market, keeping the SJVN share price in focus for stakeholders.
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This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
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