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 in focus upon receiving a work order for setting up a 5MWp solar power plant.
With a market capitalization of Rs. 1,626 Crores, the shares of Oriana Power Limited closed at Rs. 847.60, down 0.67 percent from its previous day’s close price of Rs. 853.53.
Oriana Power Limited’s subsidiary TRUERE 100 ENERGY PVT LTD has received a work order from a Cement Manufacturer in Bagalkot, Karnataka, for the development of a solar power plant of capacity 5 MWp under the CPP segment of the company that will generate monthly recurring revenue for 25 years.
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.
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 profits of Rs. 6.96 Crores to Rs. 10.93 Crores.
It has reported a return on equity (ROE) of 46.8 percent and a return on capital employed (ROCE) of 27.1 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
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
