Solar power company bags new order worth Rs 59,00,00,000 From Renewable Energy (CBG) Developer; Prayagraj, Uttar Pradesh

The stock gave multibagger returns of 226 per cent from its 52-week low of Rs 600 per share.

Oriana Power Limited has secured a significant contract to develop a Compressed Bio Gas (CBG) plant in Uttar Pradesh with a daily production capacity of 21 tons. This project, valued at Rs 59 crore, was awarded by a domestic renewable energy developer based in Prayagraj, Uttar Pradesh. Oriana Power will execute the project within a 12-month timeframe, adhering to the specific terms and scope of work outlined in the contract. This commercial order further solidifies Oriana Power's foothold in the renewable energy sector and underscores the company's dedication to promoting sustainable energy solutions.

Earlier, the company secured a domestic EPC order worth Rs 38.40 crore. This project marks a major milestone for Oriana as it ventures into integrated renewable energy solutions by developing a 9 MW hybrid power plant that combines solar power generation with a 903 kWh Battery Energy Storage System (BESS). This innovative project showcases Oriana's commitment to providing comprehensive clean energy solutions and strengthens its position as a leading EPC contractor in the renewable energy sector. The project is expected to be completed within 6 to 8 months.

Oriana Power Limited is a leading solar energy solution provider, established in 2013. The company specializes in two primary areas: EPC services for solar power projects and the development of solar energy solutions on a BOOT basis.

Oriana Power offers a comprehensive range of solar energy solutions, including on-site and off-site installations. They operate under two key business models: the CAPEX model, where clients invest in capital expenditure and Oriana Power handles EPC responsibilities, and the RESCO model, where Oriana Power develops, owns, and operates solar power plants and provides clean energy to clients on a long-term basis. With a strong track record and a growing portfolio of projects, Oriana Power is committed to driving the adoption of sustainable energy solutions.

The company has a market cap of Rs 3,70 crore. The shares of the company have an ROE of 61 per cent and an ROCE of 38 per cent. The stock gave multibagger returns of 226 per cent from its 52-week low of Rs 600 per share. Investors should keep an eye on this power transmission stock.

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