Rs 2,500+ crore order book: Solar power company Bags Rs 212.3 Crore BESPA Win for Battery Storage Project in Karnataka

DSIJ Intelligence-2 / 14 Jul 2025/ Categories: Mindshare, Trending

Rs 2,500+ crore order book: Solar power company Bags Rs 212.3 Crore BESPA Win for Battery Storage Project in Karnataka

Over the past three months, the stock has delivered strong multibagger returns of 74.04 per cent.

Oriana Power Limited shares surged over 4.5 per cent on Monday after the company announced it had secured a significant battery energy storage project from the Karnataka Power Transmission Corporation Limited (KPTCL). The project, valued at Rs 212.31 crore including GST, involves setting up 50 MW/100 MWh Standalone Battery Energy Storage Systems (BESS) at Shahapur Taluk Yadagir Sub-Station in Karnataka.

DSIJ offers a service 'Pop Stock" with recommendations for intraday trading based on research and analysis to help subscribers make healthy profits. If this interests you, download the service details pdf here

The order comes under the Build-Own-Operate (BOO) model and is aimed at enhancing grid stability by balancing energy supply and demand. The project also includes an estimated Viability Gap Funding (VGF) of Rs 27 crore based on current cost estimates. The total agreement spans 12 years from the commissioning date, with a 15-month execution timeline from the effective date of the Battery Energy Storage Purchase Agreement (BESPA). KPTCL, the awarding authority, is a domestic entity, and this transaction is not categorised as a related party deal.

Following the announcement, Oriana Power's share price was trading at Rs 2,405 as of 11:01 a.m. IST, marking a 4.57 per cent rise intraday. Over the past three months, the stock has delivered strong multibagger returns of 74.04 per cent. However, the year-to-date return stands at 5.54 per cent, and the stock has declined 2.04 per cent over the last 12 months. The company currently operates in the Small-Cap segment.

For FY25, Oriana Power posted a consolidated total revenue of Rs 987.16 crore. Its Profit After Tax (PAT) was Rs 158.55 crore, translating to a PAT margin of 16.06 per cent. The company reported EBITDA of Rs 245.38 crore, and its Basic Earnings Per Share (EPS) stood at Rs 79.52. The performance reflects operational efficiency and consistent profitability.

Founded in 2013, Oriana Power operates in two major verticals — engineering, procurement, and construction (EPC) of solar power projects, and delivering solar energy solutions under the BOOT (Build, Own, Operate, Transfer) model. The company focuses on low-carbon energy systems, including rooftop, ground-mounted, and off-site open-access solar installations.

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