SJVN gained on Friday after the company signed a Memorandum of Understanding (MoU) with Hindustan Salts & Rajasthan Electronics and Instruments.

The company signed a MoU with Hindustan Salts to conceptualize, structure, implement, operate and maintain the ultra mega hybrid renewable energy (solar & wind) park at salt pan land in Kharaghoda, Gujarat.

Also the company signed a MoU with Rajasthan Electronics and Instruments to develop solar power plant at about 2 MW capacities at Kotla, Himachal Pradesh and other places in the project area of SJVN.

Shares of the company gained Rs 0.8, or 3.27%, to trade at Rs 25.30. The total volume of shares traded was 208,977 at the BSE (11.22 a.m., Friday).

The scrip has touched an intra-day high of Rs 25.55 and low of Rs 25.10. The total volume of shares traded at the BSE is 208,977.

In the earlier session, the shares gained 2.73%, or Rs 0.65, at Rs 24.50.