SJVN stock surges 5% following PSU agreement with Maharashtra government

SJVN, a public sector undertaking (PSU), saw a 5% surge in its stock price after signing an agreement with the Maharashtra government for renewable energy projects. This partnership is part of SJVN's strategic push towards expanding its renewable energy portfolio, which includes solar and hydroelectric power projects. The agreement is expected to significantly boost SJVN's capacity and revenue, aligning with India's ambitious renewable energy targets. The company’s stock performance reflects investor confidence in its growth potential, driven by government support for sustainable energy initiatives. This collaboration marks a significant step in India's energy transition and SJVN’s long-term growth strategy.