Oriana Power Ltd Share Price – NSE

Power Infrastructure, Small Cap

Oriana Power will hold a meeting of the Board of Directors of the Company on 2 May 2024.

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The scope of work includes engineering, procurement and construction (EPC) and commissioning of solar power plants.

The project is to be executed in 12 months and the tentative estimated cost of the project is Rs 325 crore. The operation and maintenance period is 25 yrs from the COD.

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

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 reported 79.5% jump in net profit to Rs 12.94 crore on 31.9% rise in net sales to Rs 132.94 crore in FY23 over FY22.

The counter hit an all time high of Rs 1,179.40 in today’s intraday session.

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Oriana Power will hold a meeting of the Board of Directors of the Company on 8 November 2023.

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The company will build a 20MW AC ground-mounted solar PV power plant in Dugdha Washery Area, Dhanbad in Jharkhand. It will oversee all facets of the project's life cycle, encompassing design, procurement of solar equipment, construction, meticulous testing, seamless commissioning, integration with the transmission network, and a resolute 5-year operation and maintenance commitment.

The EPC phase is expected to be completed within 12 months and is valued at Rs 138 crore. The project is expected to generate enough clean energy to power over 10,000 homes and offset approximately 26,000 tonnes of CO2 emissions annually.

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.

On a consolidated basis, the company recorded a revenue from operations of Rs 136.18 crore and net profit of Rs 10.93 crore for the period ended as on 31 March 2023.

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