Oriana Power surges after securing Rs 2.48 billion order from BPCL
POWER & RENEWABLE ENERGY

Oriana Power surges after securing Rs 2.48 billion order from BPCL

Oriana Power's shares were locked in a 5% upper circuit at Rs 2,193.15 after the company secured an order valued at Rs 2.47 billion for the execution of a 52-MW solar power project from Bharat Petroleum Corporation (BPCL).

The company will develop the project for the customer under the EPC segment, which includes obtaining CTU approval, setting up transmission lines, and providing operation and maintenance (O&M) services for five years. The project is to be completed within six months, and the order is valued at Rs 2.47 billion.

Oriana Power specializes in providing solar energy solutions to industrial and commercial clients. The firm offers both on-site solar installations, such as rooftop and ground-mounted systems, as well as off-site solar farms.

For FY24, Oriana Power reported a consolidated net profit of Rs 540.35 million, a significant increase from Rs 100.56 million in FY23. Net sales for FY24 reached Rs 3.82 billion, marking a 184.2 per cent year-on-year growth.

Oriana Power's shares were locked in a 5% upper circuit at Rs 2,193.15 after the company secured an order valued at Rs 2.47 billion for the execution of a 52-MW solar power project from Bharat Petroleum Corporation (BPCL). The company will develop the project for the customer under the EPC segment, which includes obtaining CTU approval, setting up transmission lines, and providing operation and maintenance (O&M) services for five years. The project is to be completed within six months, and the order is valued at Rs 2.47 billion. Oriana Power specializes in providing solar energy solutions to industrial and commercial clients. The firm offers both on-site solar installations, such as rooftop and ground-mounted systems, as well as off-site solar farms. For FY24, Oriana Power reported a consolidated net profit of Rs 540.35 million, a significant increase from Rs 100.56 million in FY23. Net sales for FY24 reached Rs 3.82 billion, marking a 184.2 per cent year-on-year growth.

Next Story
Infrastructure Energy

REC Transfers HVDC Project to Power Grid

REC Limited has successfully handed over the Special Purpose Vehicle (SPV) for a High-Voltage Direct Current (HVDC) transmission project to Power Grid Corporation of India Limited (PGCIL). This strategic move aligns with the nation's objectives to strengthen its power transmission network. Key Highlights: Project Overview: The HVDC project, under the inter-state transmission system (ISTS) initiative, is a critical component of India's push toward robust and efficient electricity transmission. It aims to handle bulk power transfer across long distances while ensuring minimal losses. Role of RE..

Next Story
Infrastructure Transport

NF Railway Collaborates with IIT Guwahati

The Northeast Frontier (NF) Railway has signed strategic Memorandums of Understanding (MoUs) with IIT Guwahati to foster technological advancements and improve railway operations in the region. This partnership focuses on innovative solutions to enhance safety, efficiency, and sustainability in rail infrastructure. Key Highlights: Purpose of MoUs: The collaboration aims to leverage IIT Guwahati's expertise in technology and research for implementing cutting-edge solutions across railway operations. Key areas of focus include: Automation and digitization in maintenance. Sustainability initiati..

Next Story
Infrastructure Transport

Danapur Division Modernization Plans Revealed

The Railway Board has unveiled ambitious plans for the expansion and modernization of the Danapur Division, a critical hub under the East Central Railway. The initiative focuses on infrastructure development, enhanced passenger amenities, and operational efficiency. Key Highlights: Scope of Modernization: The Railway Board's blueprint emphasizes: Upgrading existing infrastructure to accommodate more passenger and freight traffic. Improving station facilities, such as platforms, waiting areas, and connectivity. Introducing advanced signal systems for safer and smoother operations. Freig..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000