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The JV has been formed with an objective to explore opportunities in solar power projects in India and abroad.
Jakson Green holds 51% stake, while the remaining 49% is being held by RVNL in the newly formed JV.
Jakson Green, a new energy transition platform backed by Jakson, focuses on EPC, IPP, IHP and O&M of new energy assets spanning solar, utility scale energy storage, waste to energy, fuel cell technologies, green hydrogen and green ammonia projects.
Meanwhile, RVNL has incorporated a subsidiary company in South Africa named RVNL Infra South Africa.
Rail Vikas Nigam (RVNL) undertake and execute successfully the project development, financing and implementation of projects related to rail infrastructure.
The company’s consolidated net profit rose 3.5% YoY to Rs 394.42 crore in Q2 FY24. Net sales grew marginally to Rs 4,914.32 crore in Q2 FY24 as against Rs 4,908.90 crore in Q2 FY23.
The scrip hit a life-time high of Rs 235.10 in today’s intraday session.
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