Stock market today, March 10 -- Shares of power generation firm SJVN declined in trade on Monday, March 10, amid weak sentiments on Dalal Street, even as the company signed a memorandum of understanding (MoU) with the government of Chattisgarh to develop 1800 MW Kotpali PSP.

Despite today's fall, the stock has rewarded investors handsomely over the last few years, giving multibagger returns.

The public sector undertaking (PSU), in an exchange filing today, said, "SJVN has signed a Memorandum of Understanding (MoU) with the Government of Chhattisgarh and Chhattisgarh State Power Generation Company Limited (CSPGCL) for the development of 1800 MW Pumped Storage Project (PSP) at Kotpali in the state of Chhattisgarh."

The total investment f...