500 Per cent Multibagger Returns in Just 1 Year: Anil Kumar Goel-Backed Company Secures Order for 128 MW Solar Power Projects from Dalmia Bharat- Complete Details Inside!
The company’s shares have delivered an impressive return of over 170 per cent in just 6 months only.
Incorporated in 2013, Oriana Power Limited operates in two primary business segments: providing EPC services and operating solar power projects, as well as delivering solar energy solutions under a BOOT (build, own, operate, transfer) model. It offers low-carbon energy solutions, which involve on-site solar project installations i.e., rooftop and ground-mounted systems, and off-site solar farms i.e. Open access.
Truere Surya Private Limited, a subsidiary of the company, has secured a significant contract from Dalmia Cement (Bharat) Limited for the development of a 128 MW solar power plant under the Open Access Segment. This project aligns with Dalmia Group’s ambitious goals of reaching 100 per cent renewable energy (RE 100) by 2030 and becoming carbon negative by 2040, reinforcing their commitment to sustainability and clean energy transition.
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Currently, while writing the article shares of Oriana Power Limited are trading at around Rs 2,187 per share. The company’s current market capitalization stands at Rs 4,195 crore. The stock has delivered a multibagger return of over 540 per cent in just 1 year only.
The company doesn’t announce Quarterly Results and as per half-yearly results, in March FY24, Oriana Power Limited recorded a revenue of Rs 319 crore. The operating profit for the period stood at Rs 69 crore. The net profit reported by the company was Rs 49 crore. Looking at the annual performance, the company generated a revenue of Rs 383 crore in FY24, compared to Rs 136 crore in FY23. The operating profit for FY24 was Rs 54 crore with a net profit of Rs 11 crore.
Ace Investor Anil Kumar Goel owns a 2.09 per cent stake in this Small-Cap company as per the latest update.
Investors must keep this company on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.