Green Energy stock engaged in providing a wide range of solar energy solutions jumped 6 percent in the day’s trade after it received a new work order for a 7.92MWp solar power plant.
At 10:48 a.m the shares of Oriana Power Limited were trading at Rs. 510, up 5.71 percent from its previous day’s close price of Rs. 482.45 and its market capitalization is Rs. 980 Crores.
Oriana Power Limited has received a prestigious work order for the development of solar power plants aggregating to 7.92 MWp, which is scheduled to be completed in the year 2024-25.
Oriana Power Limited is engaged in providing a wide range of solar energy solutions to industrial and commercial customers.
The company’s revenue from operations grew 9.85 percent from Rs. 123.97 Crores in FY22 to Rs. 136.18 Crores in FY23, accompanied by increasing profits of Rs. 6.96 Crores to Rs. 10.93 Crores.
It has reported a return on equity (ROE) of 46.13 percent and a return on capital employed (ROCE) of 26.89 percent, it is making good returns on its equity and capital employed.
According to the latest shareholding data available for the September 2023 quarter, the company’s Promoters hold 61.41 percent stake, the Domestic Institutional Investors hold 3.95 percent and the Foreign Institutional Investors (FII) hold 2.75 percent.
Written by: Bharath K.S
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