SJVN shares fell 10 per cent to Rs 73.53 on BSE yesterday as the government began offloading its partial stake in the company with the option of selling additional 2.46 per cent to the company under offer for sale route. At the share price of Rs 69 a share, the sale of the entire 4.92 percent stake will fetch more than Rs 650 crore. The SJVN offer will be open for non-retail investors today and retail investors on Friday. The exchange filing said the stock was quoting 8 per cent lower at Rs 75.19 as compared to 0.5 per cent decline in the S&P BSE Sensex. The stock price of the state-owned power generation company has surged or zoomed 113 per cent in the past three months. SJVN have signed a Memorandum of Understanding with Power Finance Corporation for financial assistance to a variety of projects including majorly Renewable Energy projects and thermal generation project to be set up at total project cost of about Rs 1.18 trillion, which may be increased for renewable energy projects as per project requirements. PFC and SJVN aim to make a significant impact on India's energy security and environmental sustainability by carrying out substantial renewable and thermal generation projects, according to the statement.Electricity generation is the main business activity of SJVN. SJVN has a prominent role to supply affordable power to provide 24x7 electricity to all. With a capacity of 2091.5 MW ashore, SJVN has already developed 7 power stations across the country, which are being diversified by taking different renewable energy projects, which are mentioned in this report. Following the announcement of the green hydrogen policy by the Indian Government, officials said the goal was to reduce carbon dioxide emissions. SJVN has also started preliminary actions to set up Pilot Green Hydrogen as a R&D Project in Himachal Pradesh. With fourteen projects under construction, SJVN is poised to add 3765 MW during FY 2024 and 1598 MW during FY 2025. Commissioning these projects will assist the company in achieving strong financials and cash flows to emerge a stronger and bigger company, SJVN said in its annual report for the third quarter of last year.