Oriana Power Ltd Share Price – NSE

Power Infrastructure, Small Cap

Oriana Power announced that the 11th Annual General Meeting (AGM) of the company will be held on 27 September 2024.

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The company shall develop the project for respective customer as per the terms of the order under EPC segment including CTU approval, transmission lines and O&M for 5 years. The order is to be executed in 6 months and the size of order is Rs 247.88 crore.

Oriana Power specializes in solar energy solutions for industrial and commercial customers. The firm offers on-site solar projects like rooftop and ground-mounted systems, as well as off-site solar farms.

The company’s consolidated net profit was at Rs 54.35 crore in FY24, steeply higher than Rs 10.56 crore posted in FY23. Net sales stood at Rs 382.87 crore in FY24, zoomed 184.2% year on year.

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The project will be implemented by a separate entity incorporated or to be incorporated by Oriana Power directly or through its subsidiaries.

The scope of this project includes engineering, procurement and construction (EPC), commissioning, operation and maintenance of solar power plant.

The contract is to be executed within 9 months and the operation and maintenance period is 25 years from COD. The order size is 40 MWp, tentative estimated construction and development cost is 155 crore.

Oriana Power specializes in solar energy solutions for industrial and commercial customers. The firm offers on-site solar projects like rooftop and ground-mounted systems, as well as off-site solar farms.

The company’s consolidated net profit was at Rs 54.35 crore in FY24, steeply higher than Rs 10.56 crore posted in FY23. Net sales stood at Rs 382.87 crore in FY24, zoomed 184.2% year on year.

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Oriana Power announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 9 June 2024 .

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