Oriana Power Ltd

The project will install standalone grid-scale BESS facilities with a total capacity of 50 MW/100 MWh at Shahapur Taluk Yadagir, Karnataka. This BESS initiative aims to improve grid stability by balancing supply and demand, lowering the risk of blackouts, and boosting overall grid efficiency. The project will follow a build-own-operate model and will include Rs 27 crore in Viability Gap Funding. The execution timeline is 15 months, with revenue generation expected over a period of 12 years. Oriana Power is engaged in two main business verticals: providing EPC and operations of solar power projects and offering solar energy solutions on a BOOT (build, own, operate, transfer) basis. On a full-year basis, the company's net profit surged 192.1% to Rs 158.54 crore on a 157.8% rise in net sales to Rs 987.17 crore in FY25 over FY24.Powered by Capital Market - Live

The project will deploy standalone grid-scale Battery Energy Storage Systems (BESS) with a total capacity of 50 MW/100 MWh at Heerapura, Jaipur SS, Rajasthan. This BESS initiative aims to enhance grid stability by balancing supply and demand, reducing the risk of blackouts, and improving overall grid efficiency. The project will be executed under the Build-Own-Operate (BOO) model. This milestone highlights the company's commitment to advancing India's clean energy ecosystem and reinforces its leadership in the energy storage sector. The expected viability gap funding (VGF) is Rs 27,00,00,000 based on the current estimated project cost. The orders are to be executed within 18 months from the execution of the BESPA.The broad consideration for this order shall be Rs 188,61,12,000. The promoter/promoter group/group companies have no interest in the entity that awarded the contracts. Additionally, the contracts do not fall under related party transactions. Oriana Power specializes in solar energy solutions for industrial and commercial customers. The firm offers on-site solar projects like rooftop and ground-mounted systems, as well as off-site solar farms. On a full-year basis, the company's net profit surged 414.7% to Rs 54.35 crore on 184.2% rise in net sales to Rs 382.87 crore in FY24 over FY23. Powered by Capital Market - Live

Oriana Power will hold a meeting of the Board of Directors of the Company on 28 May 2025.Powered by Capital Market - Live

Oriana Power will hold a meeting of the Board of Directors of the Company on 27 March 2025.Powered by Capital Market - Live

This MoU aims to develop solar and battery energy storage system (BESS) projects in the Kamrup district with an investment of Rs 500 crore. The partnership supports Assam's renewable energy goals and aligns with India's commitment to sustainable energy. Oriana Power specializes in solar energy solutions for industrial and commercial customers. The firm offers on-site solar projects like rooftop and ground-mounted systems, as well as off-site solar farms. On a full-year basis, the company's net profit surged 414.7% to Rs 54.35 crore on 184.2% rise in net sales to Rs 382.87 crore in FY24 over FY23. Shares of Oriana Power declined 2.81% to Rs 1,256 on the NSE.Powered by Capital Market - Live

Oriana Power has entered into a Memorandum of Understanding (MoU) with the Government of Rajasthan under the Rising Rajasthan 2024 initiative. This strategic partnership aims to explore and invest in various renewable energy projects, including solar power, floating solar, green hydrogen, and energy storage solutions, with a potential investment of Rs 10,000 crore. ' The MoU, signed on 4 December 2024, aligns with Oriana Power's vision to establish itself as a leading player in the clean energy infrastructure sector. ' The company initiated discussions with the Government of Rajasthan in November 2024 to identify potential investment opportunities in the state's renewable energy landscape. The subsequent agreement on the scope of collaboration led to the formalization of the MoU. ' While the MoU represents a significant step forward for Oriana Power's renewable energy initiatives, it is important to note that it is a preliminary framework for collaboration. Definitive financial commitments and project execution will follow subsequent agreements and detailed project planning. Oriana Power specializes in solar energy solutions for industrial and commercial customers. The firm offers on-site solar projects like rooftop and ground-mounted systems, as well as off-site solar farms. The company's consolidated net profit was at Rs 48.60 crore in H1 FY25, steeply higher than Rs 5.73 crore posted in H1 FY24. Net sales stood at Rs 359.54 crore in H1 FY25, zooming 461.26% year on year. Powered by Capital Market - Live

Oriana Power will hold a meeting of the Board of Directors of the Company on 13 November 2024Powered by Capital Market - Live

Oriana Power announced that the 11th Annual General Meeting (AGM) of the company will be held on 27 September 2024.Powered by Capital Market - Live

The company shall develop the project for respective customer as per the terms of the order under EPC segment including CTU approval, transmission lines and O&M for 5 years. The order is to be executed in 6 months and the size of order is Rs 247.88 crore. Oriana Power specializes in solar energy solutions for industrial and commercial customers. The firm offers on-site solar projects like rooftop and ground-mounted systems, as well as off-site solar farms. The company's consolidated net profit was at Rs 54.35 crore in FY24, steeply higher than Rs 10.56 crore posted in FY23. Net sales stood at Rs 382.87 crore in FY24, zoomed 184.2% year on year. Powered by Capital Market - Live