Recurring revenue for 25 years: Multibagger solar energy stock commences power generation; hits 52-week high!

Delivering multibagger returns of 141.47 per cent in the last three months and an impressive surge of 66.5 per cent in the last month alone.

Monday witnessed significant volatility on D-Street as Indian benchmark indices grappled with fluctuations, ultimately closing the day in the red, down by nearly half a percent. Amidst this turbulent market environment, one stock not only withstood the challenges but also achieved a new 52-week high.

Oriana Power Ltd emerged as the standout performer, concluding the day with an impressive 8 per cent surge, reaching Rs 803. The company specializes in providing solar energy solutions to industrial and commercial clients. In a recent development, Oriana's subsidiaries have initiated power generation for their RESCO projects, ensuring a consistent flow of monthly recurring revenue over the next 25 years. This achievement reflects their unwavering commitment to clean and renewable energy, contributing to a greener future with sustainable economic benefits.

The subsidiaries, Oppl Spv Cg Private Limited (Wholly Owned Subsidiary) and Opwr Del Spv Private Limited (Wholly Owned Subsidiary), have successfully commissioned projects totaling 2.55MWp in the Solar Power Plant under the RESCO (Renewable Energy Service Company) segment of the company.

Oriana Power Ltd has demonstrated remarkable performance, delivering multibagger returns of 141.47 per cent in the last three months and an impressive surge of 66.5 per cent in the last month alone.

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