250 MWp order book and 600 per cent returns: This multibagger solar power stock bags new order worth Rs 15 crore for 4 MWp Solar Power Plant!
Shares of the company gained more than 250 per cent in the last six months.
Oriana Power Limited has secured a new domestic contract to build a 4 MWp solar power plant in Gwalior, Madhya Pradesh, for the captive segment (meaning the power generated will be used by the client themselves). Oriana will handle the entire project lifecycle, encompassing engineering, procurement, construction (EPC), commissioning, and operation & maintenance (O&M) for 15 years. This project, estimated to cost around Rs 15 crore, will be executed by a separate entity set up by Oriana and is expected to be completed within 9 months. This win strengthens Oriana's position in the EPC solar power plant market and showcases their comprehensive service offerings. The stock has delivered multibagger returns of more than 600 per cent returns.
Oriana Power and Splitwaters have formed a strategic partnership to accelerate the development of green hydrogen and e-fuels in India and globally. Splitwaters will provide electrolyzers and BOP equipment, while Oriana will lead business development, project execution, and EPC services in India. This collaboration aims to reduce green hydrogen project costs by up to 30 per cent through a one-stop-shop solution. Both companies are committed to establishing a strong presence in India, including a manufacturing facility and a demonstration green hydrogen production unit. This partnership is expected to significantly contribute to the growth of the green hydrogen industry.
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Oriana Power Limited is engaged in two main business verticals: providing of EPC and operations of solar power projects, and offering solar energy solutions on a BOOT (build, own, operate, transfer) basis. The company has an order book of 250 MWp.
The stock has shown tremendous growth, and investors should keep a close eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.