Synopsis: The shares of the company jumped after it reported receipt of a 50 MW solar PV development project in Kerala for a contract size of Rs. 186.26 crore that also includes info on strategic alliance.
The shares of the company engaged in two main business verticals: providing of EPC and operations of solar power projects, and offering solar energy solutions on a BOOT (build, own, operate, transfer) basis are in focus after receiving a work order from Renewable Energy Developer.
With the market capitalization of Rs. 4,734.36 crore, Oriana Power Ltd’s share on Monday made a day high of Rs. 2,359 per share, up by 3.8 percent from its previous day’s close price of Rs. 2,271.30 per share. It has delivered a return of 671.52 percent over a period of five years.
What’s the news
Oriana Power has received a Purchase order from Renewable Energy Developer to undertake end-to-end delivery of a 50 MW (AC) Grid Interactive Solar PV Power Project in Kerala. The scope includes design, engineering, procurement, testing, transportation, storage, civil and electrical works, installation, commissioning of the solar PV project.
The projects are scheduled to be completed by the Financial year 2026-27 and the total contract price excluding GST is Rs. 186.36 Crores , comprising individual contracts for Strategic support & Alliance for Supply of Modules & Other components.
This Project will mark another significant milestone for the Company, reinforcing their commitment to India’s renewable energy mission and further expanding their footprint in the large-scale solar EPC domain.
This order will add to their 2000+ MW Solar capacity in pipeline as of November 2025 and their capacity target of 1+ GW by 2026. Ahead of this the company has delivered 575 MW of projects and more than 550MW under execution in Q2.
About the Company
Incorporated in 2013, Oriana Power Limited is engaged in two main business verticals: providing EPC and operations of solar power projects, and offering solar energy solutions on a BOOT (build, own, operate, transfer) basis.The company has a healthy clientele which includes names like HPCL, NTPC, BPCL and Coal India, etc.
Good order inflow and future target has resulted in robust financials; revenue from operations grew by 117 percent to Rs. 781 crore in H1 FY26 from Rs. 360 crore in H1 FY25. EBIT grew by 139 percent to Rs. 180 crore in H1 FY26 from Rs. 75.4 crore in H1 FY25, Accompanied by Net profit growth of 150% to Rs. 122 crore in H1 FY26.
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