KPI Green Energy (NSE:KPIGREEN, BOM:542323) entered into a memorandum of understanding with the Indian state government of Rajasthan to develop hybrid, solar and wind power projects in Jaisalmer, according to a Thursday filing to the stock exchanges.
Under the initial pact, the Government of Rajasthan will help the company secure permission from various government departments.
Shares of the company were up over 4% in recent trade.
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