Rs 2,500+ crore order book: Solar stock hit the upper circuit after receiving an order worth Rs 476.13 crore from the cement industry

DSIJ Intelligence-1 / 18 Aug 2025/ Categories: Multibaggers, Trending

Rs 2,500+ crore order book: Solar stock hit the upper circuit after receiving an order worth Rs 476.13 crore from the cement industry

The stock gave multibagger returns of 122 per cent from its 52-week low of Rs 1,000 per share.

Oriana Power Limited has secured a significant EPC (Engineering, Procurement, and Construction) contract from a cement industry client for a 75 MW Solar Power Plant with Battery Energy Storage Systems (BESS) of approximately 111.57 MWh in Rajasthan. The total value of this domestic project is approximately Rs 476.13 crore, including GST. The company is expected to complete the design, engineering, supply, construction, installation, and commissioning of the project within eight months from the date of the order and receipt of the advance payment.

Earlier, the company successfully bid for the entire 60,000 metric tonnes per annum (MT/Year) Green Ammonia capacity in a Solar Energy Corporation of India (SECI) e-reverse auction. This capacity, secured at Rs 52.25 per Kg, will be supplied to Madhya Bharat Agro Products Limited in Sagar, Madhya Pradesh, reinforcing Oriana Power's commitment to India's clean energy goals through green hydrogen and ammonia production.

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About the Company

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 Monday, shares of Oriana Power Ltd hit a 5 per cent upper circuit to Rs 2,223.25 per share from its previous closing of Rs 2,117.40 per share. The company has a market cap of over Rs 4,500 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 122 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.