Rs 2,500+ crore order book: Solar Stock Price Surges Over 4.7% After Rs 313.5 Crore Green Ammonia Deal

Oriana Power Limited, a solar EPC and BOOT company, witnessed its stock price rise over 4.7 per cent on Thursday after securing a major order from the Solar Energy Corporation of India Ltd (SECI). The order is linked to the production and supply of Green Ammonia under India’s clean energy transition plan.

The company received a Letter of Award (LOA) from SECI to produce and supply 60,000 metric tonnes per annum (MT/Year) of Green Ammonia. The contract, awarded under the SIGHT Scheme (Mode-2A-Tranche-I), involves supplying Madhya Bharat Agro Products Limited-II in Sagar, Madhya Pradesh.

The project is valued at Rs 313.5 crore per year for 10 years, at a rate of Rs 52.25 per kg. Oriana Power will also receive cumulative incentives worth Rs 127 crore for the first three years under the Sight Program-Component-II of the National Green Hydrogen Mission. The execution timeline for the order is 36 months from the effective date of the Green Ammonia Production Agreement (GAPA).

As of March 2025, Oriana Power’s total order book stands at over Rs 2,500 crore. The management has indicated that more orders could be added in the coming months after a period of strategic conservatism. With India’s increasing focus on renewable energy and the green hydrogen value chain, the deal strengthens Oriana’s position in the sector.

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Following the announcement, Oriana Power’s stock surged to an intraday high of Rs 2,377 per share, up 4.64 per cent as of 2:30 pm IST. Over the last six months, the stock has delivered returns of more than 62 per cent, attracting attention from investors looking for potential multibagger opportunities in the clean energy space.

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.

O The company has a market cap of over Rs 4,500 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.