Oriana Power Limited Expands Solar and Hydrogen Solutions Portfolio with NTPC Work Order
Key Ideas
- Oriana Power Limited secures a new work order worth Rs. 83.56 Crores from NTPC for a 19.26 MW Solar Power Plant, showcasing growth and commitment to renewable energy solutions.
- The company announces plans to build a gigawatt scale factory for green hydrogen and E-Fuels projects in the UK and Europe, aiming for operational capacity by 2026.
- Financially, Oriana Power Limited demonstrates robust growth with a 184 percent increase in Revenue from Operations and positive return ratios, reflecting sound financial health.
- With an expanding portfolio of solar projects and emphasis on Green Hydrogen/Electrolyzer technology, Oriana Power Limited is poised for a sustainable energy future.
Oriana Power Limited, a provider of solar energy solutions, has recently received a significant work order from NTPC – Vidyut Vyapar Nigam Limited to establish a 19.26 MW Solar Power Plant. The order, valued at Rs. 83.56 Crores, encompasses the complete project lifecycle from Engineering, Procurement, and Construction to operation and maintenance, to be executed within 8 months. The company is also venturing into the production of electrolyzer and BOP modules for green hydrogen and EFuels through the construction of a gigawatt scale factory, with the first phase expected to be operational by 2026.
Financially, Oriana Power Limited has witnessed impressive growth, with Revenue from Operations surging by 184 percent and profits showing a significant increase. The company boasts a solid return on equity of 61 percent and return on capital employed of 37.5 percent, indicating efficient financial management. Additionally, Oriana Power Limited's focus on expanding its solar projects along with investments in Green Hydrogen and Electrolyzer technology underscores its commitment to sustainable energy solutions.
The company's proactive approach towards renewable energy initiatives, coupled with its strong financial performance, positions Oriana Power Limited as a key player in the solar energy sector. With a growing portfolio of projects and a vision for a greener future, Oriana Power Limited is set to make a significant contribution to the renewable energy landscape.