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, hit a 5 percent upper circuit in the day’s trade upon successfully commissioning a Captive Open Access Solar Power Plant project of 29 MWp.
With a market capitalization of Rs. 2,486 Crores, the shares of Oriana Power Limited were trading at Rs. 1,296, up 3.86 percent from its previous day’s close price of Rs. 1,247.85.
Oriana Power Limited has announced the successful commissioning of the Captive Open Access Solar Power Plant project of 29 MWp for a renowned steel manufacturing company based in Karnataka.
The 29 MWp Captive Open Access Solar Power Plant project will be generating 46,48,93,200 kWh of power annually in Karnataka, this project significantly advances the client’s sustainability goals by reducing CO2 emissions by 38,121 tons each year.
In Addition, it has recently received a large work order worth Rs. 325 Crores from Jodhpur Vidyut Vitran Nigam Limited for providing Engineering, Procurement, and Construction (EPC) and commissioning of 76.62MW (AC) Solar Power Plants.
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.
Written by: Bharath K.S
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