Synopsis:
Oriana Power Ltd secured an order worth Rs.188.61 Cr from RVUNL, for renewable projects.
Green Energy stock engaged in offering EPC services across renewable sources hit a 5 percent upper circuit in the day’s trade after receiving a new order worth 188.61 Cr.
With a market capitalization of Rs.4,640, shares of Oriana Power Ltd opened at Rs.2,167.95 per equity share, from its previous day’s closing price of 2,174.90, made an intraday high of Rs.2,283.60 per equity share(5 percent).
What’s the news
Oriana Power Limited has signed a significant agreement with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RVUNL) to set up a 50 MW/100 MWH standalone Battery Energy Storage System (BESS) in Heerapura, Jaipur, Rajasthan.
The contract signed under the Build-Own-Operate (BOO) model, includes government support in the form of Viability Gap Funding (VGF) worth Rs.27 crore. The battery system will enable two full charging and discharging cycles per day, helping store energy and supply it on demand.
The total value of the project is estimated at Rs.188.61 crore, and will be carried out over a period of 18 months, and the project will be maintained over a 12-year span.
This project highlights Oriana Power’s growing role in India’s clean energy sector and shows its strong commitment to supporting sustainable energy solutions through advanced battery storage technology.
About the Company
Oriana Power Limited is a clean energy company focused on solar power solutions. It operates through two main models: EPC services for setting up solar projects and BOOT (Build, Own, Operate, Transfer) for long-term energy supply. The company develops, operates, and maintains solar systems to support sustainable energy needs.
The company’s revenue from operations surged from Rs. 383 crores in FY24 reaching Rs. 987 crores in FY25, reflecting strong business growth. Net profit also rose from Rs. 54 crores to Rs. 159 crores, indicating better cost management and profitability. These figures highlight a solid improvement in both revenue and overall financial performance.
Written by: Sudeep Kumbar
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