Green Energy stock engaged in providing a wide range of solar energy solutions such as floating solar panels, rooftop solar, hydrogen electrolyzers, and many more jumped 3 percent in the day’s trade upon receiving work order for a solar project of 6.221 MWp.
With a market capitalization of Rs. 1,735 Crores, the shares of Oriana Power Limited were trading at Rs. 904.50, up 1.97 percent from its previous day’s close price of Rs. 887.05.
Oriana Power Limited’s wholly-owned subsidiary Truere Up 2 Private Limited has received a new work order for executing a solar power project of 6.221 MWp and the order is to be completed by 2024-25.
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 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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