Rs 2,500+ crore order book: Solar power company recevies order worth Rs 465,15,38,760 from NTPC Vidyut Vyapar Nigam Ltd

Oriana Power Limited has received a Letter of Award (LOA) from NTPC Vidyut Vyapar Nigam Limited (NVVN) for establishing a 125 MW/250 MWH standalone Battery Energy Storage System (BESS) at the Giral Sub-Station in Rajasthan. This significant project, to be executed under a build-own-operate (BOO) model, aims to enhance grid stability by balancing supply and demand, reducing blackout risks, and improving overall grid efficiency. The project is supported by a Viability Gap Funding (VGF) of Rs 67.50 crore.

The total consideration for this order is approximately Rs 465.15 crore, and Oriana Power is expected to complete the project within eighteen months from the effective date of the Battery Energy Storage Purchase Agreement (BESPA). This initiative marks a crucial milestone for the company, solidifying its commitment to advancing India's clean energy infrastructure.

Oriana Power Ltd, established in 2013, operates in two primary business segments: engineering, procurement, and construction (EPC) and the operation of solar power projects and providing solar energy solutions through a Build, Own, Operate, Transfer (BOOT) model. The company specialises in delivering low-carbon energy solutions, encompassing both on-site solar installations, like rooftop and ground-mounted systems, and off-site solar farms via an open access model.

On Tuesday, shares of Oriana Power Ltd hit a 5 per cent upper circuit to Rs 2,196.60 per share from its previous closing of Rs 2,092 per share. The company has a market cap of over Rs 4,400 crore and has an order book of over Rs 2,500 crore. The shares of the company have an ROE of 48 per cent and an ROCE of 42 per cent. The stock gave multibagger returns of 219.66 per cent from its 52-week low of Rs 1,000 per share.

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