Green Energy stock engaged in providing a wide range of solar energy solutions such as floating solar panels, solar rooftops, hydrogen electrolyzers, and many more jumped upto 6 percent in the day’s trade upon receiving a new work order from MSEDCL for a consideration of Rs. 375 Crores.
Price Action
With a market capitalization of Rs. 4,025 Crores, the shares of Oriana Power Limited were trading at Rs. 2,098.45 per equity share, up 3 percent from its previous day’s close price of Rs. 2,036.60.
What Happened
Oriana Power Limited engaged in providing a wide range of solar energy solutions to industrial and commercial customers have received a new work order from MSEDCL, Maharashtra for a consideration of Rs. 375 Crores.
The said work order is for the Implementation of 75 MW (AC) feeder-level solarisation under Component C of the PM-KUSUM Scheme with land and transmission lines and many more and it is to be completed within 12 months.
About the Company
Oriana Power Limited is engaged in providing a wide range of solar energy solutions to industrial and commercial customers. Its solutions include floating solar panels, rooftop solar, hydrogen electrolyzers, and many more.
Oriana Power Limited is expanding its portfolio with an additional 250+ MWp of solar projects under execution along with expansion on CBG and Green Hydrogen/Electrolyzer, demonstrating a steadfast commitment to a sustainable energy future. It has successfully delivered over 200+ MWp of solar projects has implemented 120+ projects and served over 50+ clients.
Financials and Ratios
Its Revenue from Operations grew by 184 percent from Rs. 135 Crores in FY23 to Rs. 383 Crores in FY24, accompanied by profits of Rs. 11 Crores to Rs. 54 Crores.
In terms of Return ratios, it has reported a return on equity(ROE) of 61 percent and a return on capital employed (ROCE) of 37.5 percent. It has reported a debt-to-equity ratio of 1.26.
Written By: Bharath KS
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