Shares of Lodha Developers Ltd are trading flat after touching a day’s high of Rs 1,217.20 on 12th September, despite the Maharashtra government signing a Memorandum of Understanding (MoU) with the company to develop a Rs 30,000-crore green integrated data centre park.

The MoU involves a Rs 30,000 crore investment and is expected to create about 6,000 direct and indirect jobs.

The planned 2 GW park in Palava will host leading international and domestic data centre operators. It will involve combined investments of over Rs 30,000 crore from Lodha and other participants.

Under Maharashtra’s policy, these power-intensive centres will run on green and alternative energy. Three such parks will be developed in the MMR region.

MD and CEO Abhishek Lodha said the project will create jobs and boost the economy. Moreover, it will run on clean energy, aligning with the company’s goal of achieving net zero operations in the coming years.

At 11:42 AM, the shares of Lodha were trading 0.69% lower at Rs 1,171.50 on NSE.

Tired of missing hot stocks? Unicorn Signals provides powerful tools like stock scans and more help you make informed trading decisions. Download now and take control of your portfolio!