Shares of SJVN surged more than 7.5% on Wednesday, January 1 amid heavy volumes after the company signed an MoU with the Bihar government for a Rs 5,663 crore project. Under the agreement, SJVN will develop the 1,

Multibagger stock SJVN share price gained 5% in morning trades on Wednesday. The company anounced signing MoU with Govternment of Bihar for 1000 MW Hathidah Durgawati PSP

The surge in SJVN share price came after it signed a MoU with Govt of Bihar in Patna for development of 1000 MW Hathidah Durgawati Pumped Storage Project and other PSPs in Bihar

The project is estimated to cost ₹5,663 crore and will feature a levelized tariff of ₹9.39 per kWh, based on February 2024 price levels and assuming a pumping energy rate of ₹3 per kWh.