Oriana Power Ltd Signs INR 10,000 Crore MoU with Rajasthan Government for Solar, Green Hydrogen, and Energy Storage Projects
Key Ideas
- Oriana Power Ltd has committed to investing INR 10,000 crore in solar, green hydrogen, and energy storage projects in Rajasthan.
- The MoU was signed during the Rising Rajasthan Global Summit 2024 in Jaipur, showcasing a significant commitment to sustainable energy development.
- The company's impressive revenue growth of 461.27% for the half-year ended September 30, 2024, highlights its strong financial position and growth trajectory.
- Oriana Power's selection of six locations in Rajasthan for project development demonstrates a strategic approach to expanding its renewable energy footprint.
Oriana Power Ltd, a renewable energy company, has inked a Memorandum of Understanding (MoU) with the Rajasthan government to invest INR 10,000 crore in various projects related to solar, green hydrogen, and energy storage solutions. This collaboration was formalized during the Rising Rajasthan Global Summit 2024 in Jaipur. The company has identified six specific locations in the state for the development of its projects, including sites in Bikaner, Churu, and Phalodi district. Oriana Power's remarkable revenue growth of 461.27% for the half-year ended September 30, 2024, underlines its robust financial performance. With revenues reaching INR 359.54 crore during this period and an order book exceeding 500 MW, Oriana Power is poised for significant expansion in the renewable energy sector. This strategic investment signifies a positive step towards promoting sustainable energy practices and enhancing green hydrogen utilization in Rajasthan.
Topics
Power
Renewable Energy
Sustainability
Revenue Growth
Investment
Project Development
Renewable Projects
Global Summit
Rajasthan
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