Oriana Power Limited Secures Major Solar Energy Work Order in Maharashtra, Stocks Surge
Key Ideas
  • Oriana Power Limited, a provider of solar energy solutions, saw a 6% surge in stock price after securing a new work order worth Rs. 375 Crores from MSEDCL in Maharashtra.
  • The work order entails implementing 75 MW of feeder-level solarisation under the PM-KUSUM Scheme, reflecting the company's commitment to sustainable energy initiatives.
  • The company has shown impressive financial growth with a 184% increase in Revenue from Operations and a significant rise in profits, along with robust return ratios.
  • Oriana Power Limited is expanding its solar project portfolio, including ventures into Green Hydrogen/Electrolyzer, highlighting its dedication to a sustainable energy future.
Oriana Power Limited, a leading provider of solar energy solutions to industrial and commercial clients, experienced a 6% surge in stock price following the announcement of a new work order from MSEDCL in Maharashtra. The work order, valued at Rs. 375 Crores, focuses on the implementation of 75 MW of solarisation under the PM-KUSUM Scheme and is slated for completion within 12 months. Oriana Power Limited, known for its diverse solar energy solutions such as floating solar panels, rooftop solar, and hydrogen electrolyzers, is actively expanding its solar project portfolio. In addition to the recent work order, the company is undertaking over 250 MWp of solar projects and venturing into Green Hydrogen/Electrolyzer projects, displaying a strong commitment to sustainable energy practices. Financially, Oriana Power Limited has shown remarkable growth, with Revenue from Operations growing by 184% and profits increasing significantly. The company boasts impressive return ratios, with a return on equity of 61% and a return on capital employed of 37.5%. Oriana Power Limited's debt-to-equity ratio stands at 1.26, reflecting a balanced financial structure. Overall, the company's strategic expansion and financial performance highlight its position as a key player in the renewable energy sector.
ADVANCEH2

Our vision is to be the world's leading online platform for advancing the use of hydrogen as a critical piece needed to deliver net-zero initiatives and the promise of a clean H2 energy future.

© 2024 AdvanceH2, LLC. All rights reserved.