Oriana Power Ltd experienced a 9% surge in its stock price following the signing of a significant memorandum of understanding (MoU) with the Rajasthan government as part of the 'Rising Rajasthan 2024' initiative. The MoU, valued at Rs.10,000 crore, focuses on developing renewable energy projects such as solar power, floating solar, green hydrogen, and energy storage solutions. This collaboration supports Oriana Power's strategic vision to drive India's renewable energy ambitions. The company is actively working towards expanding its renewable energy capacity, with targets set to achieve 1 GW of renewable energy capacity by 2026 and develop a green hydrogen capacity of 50,000 MTPA. Recent strategic initiatives include securing a hydrogen off-taker, commissioning solar projects, and transitioning 800 buses to green hydrogen-powered buses. In the financial aspect, Oriana Power reported a remarkable increase in revenue and net profit in Q2 FY24, demonstrating strong growth in the renewable energy sector. Established in 2013, Oriana Power has become a key player in the Indian solar industry, providing various services including engineering, procurement, construction, and renewable energy solutions. The company's commitment to cutting-edge technologies like green hydrogen reflects its dedication to sustainable and clean energy infrastructure.