Synopsis:
Oriana Power signed a ₹476.13 crore EPC contract for a 75 MW solar plant with 111.57 MWh BESS in Rajasthan. The project, awarded by a domestic cement firm, is to be completed within 8 months.
The shares of a Small-Cap company, specializing in providing solar energy solutions to industrial and commercial clients, jumped upto 4 percent upon signing an agreement for a solar power plant integrated with a Battery Energy Storage System (BESS).
With a market capitalization of Rs. 4,622.61 crores on Tuesday, the shares of Oriana Power Limited jumped upto 3.9 percent, making a high of Rs. 2,298.00 per share compared to its previous closing price of Rs. 2,201.65 per share.
Oriana Power Limited, engaged in providing solar energy solutions to industrial and commercial clients, has announced the execution of a significant agreement to design, engineer, supply, construct, install, and commission a 75 MW solar power plant integrated with a Battery Energy Storage System (BESS) of approximately 111.57 MWh in Rajasthan.
The project, valued at around Rs. 476.13 crore (including GST), will be completed within eight months from the date of order and advance receipt. This marks a major advancement for the company in combining solar power with advanced energy storage, supporting India’s clean energy goals.
Financials & Others
The company’s revenue rose by 96.8 percent from Rs. 319 crore to Rs. 628 crore in H2FY24-25. Meanwhile, Net profit rose from Rs. 49 crore to Rs. 110 crore during the same period.
The company demonstrates solid financial strength with a P/E ratio of 28.22, which is lower than the industry average of 32.54, suggesting it may be undervalued. It has a low debt-to-equity ratio of 0.53, and its current assets exceed current liabilities, indicating healthy liquidity.
Over the last three years, the company has shown strong performance with an average return on equity (ROE) of 35.71% and return on capital employed (ROCE) of 21.51%. Additionally, it has achieved impressive growth, with average revenue rising by 45.63% and net profit growing by 98.52%.
Oriana Power Limited, founded in 2013 and headquartered in Noida, is a leading Indian renewable energy company specializing in solar power solutions for industrial and commercial clients.
The company operates across two main business models: Engineering, Procurement & Construction (EPC) and the Renewable Energy Service Company (RESCO) model, which includes Build-Own-Operate-Transfer (BOOT) projects. It delivers a wide range of solar solutions, including rooftop, ground-mounted, floating, and hybrid systems, as well as battery energy storage and green hydrogen initiatives.
They are strategically expanding their clean energy portfolio as it transitions towards gigawatt-scale operations. In the solar segment, the company has already delivered over 400 MW and has 550+ MW under execution, aiming to reach 1 GW by FY26 and 6 GW by FY30 across both EPC and 2.5 GW in IPP verticals. In the Battery Energy Storage Systems (BESS) space, it has secured 403 MWh, with a 700 MWh pipeline and a long-term target of 3.5 GWh by FY30.
The company is also entering the green hydrogen space, targeting 100 KTPA production and planning for 10,000 MTPA of e-methanol in the pipeline. Additionally, it is developing an electrolyser facility and aims to produce 1 MMT of e-fuels using green hydrogen.
Written by Sridhar J
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