Synopsis: Following the receipt of India’s largest floating solar installations project, the stock has surged by early 7 percent after securing a Rs 1,180 crore order at Jharkhand’s Maithon Dam.
A micro-cap renewable energy stock gained around 7 percent after securing a Rs 1,180 crore EPC contract to develop a large floating solar project at Jharkhand’s Maithon Dam. The company has also reported a strong 149 percent year-on-year growth in profits, highlighting rapid business expansion and strong execution in the renewable energy sector.
With a market cap of more than Rs 3,800 Cr, Oriana Power Ltd saw its stock hit an intraday high of Rs 1,929 which is percent higher than the previous close of Rs 1,795. The stock is current trading around the PE of 17 which is lesser than the industry PE of 23.
News
Oriana Power Limited has secured a contract to set up a 234 MW Grid-Tied Floating Solar PV plant at the Maithon Dam Reservoir in Jharkhand. Awarded by Damodar Valley Corporation, the Rs. 1,180.53 crore project includes design, engineering, supply, and commissioning.
The scope covers comprehensive Engineering, Procurement, and Construction (EPC) services, alongside long-term operation and maintenance. This domestic project is scheduled for completion within 18 months. As one of India’s largest floating solar installations, it strengthens Oriana’s presence in the renewable energy sector.
The Order Book
The company has delivered 575 MW of EPC projects, with 550 MW+ currently under execution. Their order book has reached gigawatt scale, including a 170+ MWh C&I hybrid order. The BESS pipeline is expanding rapidly a 2.8 GWh pipeline nearing the closure.
Newly added projects
Oriana Power is scaling rapidly across its core segments. They are executing a 125 MW / 250 MWh BESS project for NVVN (Storage), and also in advance stages with a landmark 100,000 MTPA e-methanol venture in Egypt, solidifying their leadership in global clean energy.
Business & Financial Overview
Oriana Power Ltd is a leading Indian renewable energy company, incorporated in 2013 and headquartered in Noida. The firm specializes in providing comprehensive solar energy solutions, including Engineering, Procurement, and Construction (EPC) services, as well as operating solar projects under the Renewable Energy Service Company (RESCO) model for commercial and industrial clients.
The company has established itself as a trusted partner across India’s industrial sector, executing high-capacity projects for prominent organizations, including Hero MotoCorp, Hindustan Petroleum, Dalmia Bharat, JK Cement, Bharat Petroleum, and DLF, reflecting its expertise in delivering sustainable, high-quality renewable energy infrastructure nationwide.
In the latest half, Oriana Power Ltd. saw a half-yearly revenue growth of 117 percent on YoY basis, going from Rs 360 Cr in H1FY25 to Rs 781 Cr in H1FY26. The half-yearly Net Profits also grew by 149 percent on YoY basis, going from Rs 49 Cr in H1FY25 to Rs 122 Cr in H1FY26.
The company’s 3 year sales CAGR stands at 100 percent, while the TTM is at 108 percent. The 3 year profit CAGR is still at 183 percent, while the TTM is at 138 percent.
-Adithya Menon
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