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Multibagger Solar Company Secures Order Worth Rs 155 Crore for 40 MWp Captive Solar Power Plant; Anil Kumar Goel Holds 2.09 Per cent Stake in the Company!
Rakesh Deshmukh

Multibagger Solar Company Secures Order Worth Rs 155 Crore for 40 MWp Captive Solar Power Plant; Anil Kumar Goel Holds 2.09 Per cent Stake in the Company!

The company’s shares have delivered an impressive return of over 340 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.

Today, the company secured an order from a client in the cement industry for a total solar plant capacity of 40 MWp. The project will be executed by a separate entity (‘Project Company’) formed directly by Oriana Power Ltd or through its subsidiaries. Its scope of work includes Engineering, Procurement, and Construction (EPC), as well as commissioning, operation, and maintenance of the solar power plant for 25 years following the 9-month construction phase. The order is valued at 40 MWp, with an estimated construction and development cost of approximately Rs 155 crore.

Oriana Power Limited shares closed the day at around Rs 2295 per share. The company’s current market capitalization stands at Rs 4402.41 crore. The stock has delivered a return of over 340 per cent in the past 6 months only.

As per the Quarterly Results, in the fourth quarter of FY24, Oriana Power Limited recorded a revenue of Rs 319 crore. The operating profit for Q4 FY24 stood at Rs 69 crore. The net profit for Q4 FY24 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.

Investors must keep this Small-Cap stock on their radar.

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

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