Multibagger power transmission company bags new order worth Rs 247.88 crore from Bharat Petroleum Corporation Ltd (BPCL)

The stock gave multibagger returns of 719.50 per cent from its 52-week low of Rs 281 per share. I

On Tuesday, one of the Top Gainers on NSE, shares of Oriana Power Ltd hit a 5 per cent upper circuit to Rs 2,302.80 per share from its previous closing of Rs 2,193.15 per share.

Oriana Power Limited has secured a significant EPC contract valued at Rs 247.88 crore to construct a 52 MW solar power plant for the petroleum industry in Prayagraj, Uttar Pradesh. This project will be executed in partnership with Bharat Petroleum Corporation Limited. The company will be responsible for all aspects of the project, including design, engineering, procurement, construction, commissioning, and five years of operation and maintenance. The order is expected to be completed within six months and will contribute substantially to Oriana Power's revenue and growth.

Founded in 2013, Oriana Power Limited specializes in providing low-carbon solar energy solutions to industrial and commercial clients, including on-site installations like rooftop and ground-mounted systems, as well as off-site solar farms. The improvement in Oriana Power's debtor days from 48.4 to 19.2 days and working capital requirements from 29.0 to 15.0 days has positively impacted its market cap, which currently stands at Rs 4,390 crore.

The shares of the company have an ROE of 170 per cent and an ROCE of 80 per cent. The stock was listed on NSE at Rs 317.1 per share with a lot size of 1,200 shares. The stock gave multibagger returns of 719.50 per cent from its 52-week low of Rs 281 per share. Investors should keep an eye on this power transmission stock.

Disclaimer: The article is for informational purposes only and not investment advice. 

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