Solar power company bags new order worth Rs 83,56,00,000 from NTPC- Vidyut Vyapar Nigam Limited

Kiran Shroff
/ Categories: Trending, Multibaggers
Solar power company bags new order worth Rs 83,56,00,000 from NTPC- Vidyut Vyapar Nigam Limited

The stock gave multibagger returns of over 750 per cent from its 52-week low of Rs 305 per share.

Oriana Power Limited has secured a significant contract worth Rs 83.56 Crore from NTPC- Vidyut Vyapar Nigam Limited. The contract entails the development of a 19.26 MW solar power plant under the EPC model. The scope of work includes engineering, procurement, construction, commissioning, and operation and maintenance of the plant. This domestic project is slated for completion within 8 months, solidifying Oriana Power's position in the solar energy sector and its commitment to sustainable energy solutions.

Additionally, Oriana Power Limited has established a wholly-owned subsidiary named IMPERIAL SOLAR PRIVATE LIMITED. The new company focuses on various aspects of the power industry, including generation, project engineering (EPC), operation and maintenance, consultancy, and distribution. IMPERIAL SOLAR has a broad scope for its business, encompassing traditional power generation, as well as solar energy products and specialized equipment for diverse sectors. This newly incorporated subsidiary allows Oriana Power to expand its operations within the power sector.

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 development of solar energy solutions on a BOOT basis.

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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 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 61 per cent and an ROCE of 38 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 over 750 per cent from its 52-week low of Rs 305 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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