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 up to 8 percent in the day’s trade upon receiving a solar power project order worth Rs. 325 Crores
With a market capitalization of Rs. 1,970 Crores, the shares of Oriana Power Limited were trading at Rs. 1,028, up 4.53 percent from its previous day’s close price of Rs. 982.85.
Oriana Power Limited has 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.
The said work order is to be completed within 12 months and the operation & maintenance services are to be provided for 25 years from the commercial operation date. The project has been granted Central Financial Assistance(subsidy) of 17.27 Crores that will be disbursed as per the terms and conditions of the order, further enhancing its viability and enabling it to deliver cost-effective solutions.
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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