IGL to Establish Solar Plant in Rajasthan via Joint Venture

Imagine two companies, IGL and RVUNL, are teaming up to build a solar power plant.

This plant will be in Rajasthan.

IGL will own a larger part of the plant, 74%, and RVUNL will own the remaining 26%.

They're starting with a small amount of money, about 5 lakh rupees, split into shares.

IGL will pick four people to be in charge, while RVUNL will pick two.

IGL shares went up after the announcement, though the stock has had mixed performance recently.

This joint venture aims to generate electricity using the sun.