{"id":120499,"date":"2024-03-11T14:22:52","date_gmt":"2024-03-11T08:52:52","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=120499"},"modified":"2024-03-11T14:58:30","modified_gmt":"2024-03-11T09:28:30","slug":"stock-jumps-after-it-received-an-order-worth-18-67-cr-for-solar-power-plant-in-madhya-pradesh","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/stock-jumps-after-it-received-an-order-worth-18-67-cr-for-solar-power-plant-in-madhya-pradesh\/","title":{"rendered":"Stock jumps after it received an order worth \u20b9 18.67 Cr for solar power plant in Madhya Pradesh"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1133097453\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of a leading solar energy solution provider rose around 2 percent to \u20b9 820 per share after the company received an order worth \u20b918.67 crore for executing solar power projects.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-275866917\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>At 1:02 p.m., Oriana Power Limited shares were trading at \u20b9785 per share, down 2.24 percent from the previous close price on the exchange. The company has a market capitalization of \u20b91,506 crore.&nbsp;<\/p><p>According to the company\u2019s exchange filing, the company received a contract worth \u20b9 18.67 crore for the development of a solar power plant with a capacity of 6.7 MW under the Engineering Procurement and Commissioning (EPC) segment from a textile industry in Sihore, Madhya Pradesh. The project is scheduled to be completed in the financial year 2024-25.&nbsp;<\/p><p>Oriana Power Limited provides solar energy solutions to industrial and commercial customers. The company is involved in on-site solar project installations, i.e., rooftop and ground-mounted systems, and off-site solar farms, i.e. Open access.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1878335619\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Oriana Power Ltd&#8217;s shares have gained 78 percent in the last three months and 64 percent on a year-to-date basis.&nbsp;<\/p><p>The company\u2019s revenues have jumped by 10 percent year on year from \u20b9 124 crores in FY 21-22 to \u20b9136 crores in FY 22-23, while net profit has increased by 57 percent during the same period from \u20b9 7 crore to \u20b911 crore.&nbsp;<\/p><p>As of the previous fiscal year, the company had implemented more than 70 solar projects in more than 25 locations across the country. While the company has delivered more than 100 MW of power.&nbsp;<\/p><p>The company has established 17 subsidiary entities dedicated to various solar power projects, facilitating the management of diverse solar initiatives. Noteworthy clients of the company encompass prominent names such as Hero Motocorp, Hindustan Petroleum, JK Laxmi Cement Limited, Mrs. Bectors, and others.&nbsp;<\/p><p>In terms of geographical revenue distribution for the fiscal year 2022, the company&#8217;s earnings were as follows: 60.5% from Uttar Pradesh, 8% from Rajasthan, 5% from Haryana, 7.5% from Uttarakhand, and 2% from Andhra Pradesh.<\/p><p><strong>Written by Omkar Chitnis&nbsp;<\/strong><\/p><div class=\"trade-content-10\" id=\"trade-2581467521\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><p><strong>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.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2104917726\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of a leading solar energy solution provider rose around 2 percent to \u20b9 820 per share after the company received an order worth \u20b918.67 crore for executing solar power projects.&nbsp; At 1:02 p.m., Oriana Power Limited shares were trading at \u20b9785 per share, down 2.24 percent from the previous close price on the [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":61839,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,13525],"tags":[],"class_list":["post-120499","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-stock-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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