Solar company receives an order worth USD 2,487,170 from The Guyana Energy Agency

DSIJ Intelligence-1Categories: Multibaggers, Trendingprefered on google

Solar company receives an order worth USD 2,487,170 from The Guyana Energy Agency

The stock gave multibagger returns of 166 per cent from its 52-week low of Rs 1,000 per share.

Oriana Power Limited has secured a significant international contract by receiving a Letter of Award (LOA) from The Guyana Energy Agency. This key order is for the Design, Supply, Installation, and Commissioning of a 3.0 MW (AC) Grid-Tied Solar Photovoltaic System at the Cheddi Jagan International Airport (CJIA) in Timehri, Guyana. The broad consideration for this project is valued at USD 2,487,170 (United States Dollars Two Million, Four Hundred and Eighty-Seven Thousand, One Hundred and Seventy Only). This strategic project reinforces the company’s global footprint in the renewable energy sector.

The company is required to execute the entire scope of work, which encompasses the complete development and installation of the large-scale solar system, within 36 months from the date of receiving the LOA. This project marks Oriana Power's first major international contract in the Guyana region, aligning with its long-term vision of delivering efficient, sustainable, and technology-driven solar solutions globally. The successful completion of this project is expected to strengthen the company's presence in the region and open new avenues for expansion in the international renewable energy market.

Not every stock is a winner—but some multiply wealth manifold. DSIJ's multibagger Pick filters these rare gems through rigorous analysis & decades of expertise. Get the Full Brochure

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 Wednesday, shares of Oriana Power Ltd gained 1.60 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 5,000 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 166 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.