Latest news with #OrianaPower
Business Standard
5 days ago
- Business
- Business Standard
Oriana Power surges after bagging Rs 212-cr BESS project from KPTCL
Oriana Power jumped 4.70% to Rs 2,408 after the company secured an order worth Rs 212.31 crore from Karnataka Power Transmission Corporation (KPTCL) for setting up 50 MW/100 MWh standalone Battery Energy Storage Systems (BESS). The project will install standalone grid-scale BESS facilities with a total capacity of 50 MW/100 MWh at Shahapur Taluk Yadagir, Karnataka. This BESS initiative aims to improve grid stability by balancing supply and demand, lowering the risk of blackouts, and boosting overall grid efficiency. The project will follow a build-own-operate model and will include Rs 27 crore in Viability Gap Funding. The execution timeline is 15 months, with revenue generation expected over a period of 12 years. Oriana Power 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. On a full-year basis, the company's net profit surged 192.1% to Rs 158.54 crore on a 157.8% rise in net sales to Rs 987.17 crore in FY25 over FY24.
Business Upturn
6 days ago
- Business
- Business Upturn
Oriana Power wins Rs 212 crore order from KPTCL for 50 MW/100 MWh battery storage project in Karnataka
By Aman Shukla Published on July 14, 2025, 10:02 IST Oriana Power Ltd has received a significant Letter of Award (LOA) from Karnataka Power Transmission Corporation Limited (KPTCL) to set up a standalone Battery Energy Storage System (BESS) project with a cumulative capacity of 50 MW/100 MWh. The project, located at the Shahapur Taluk Yadagir substation in Karnataka, will be implemented under the Build-Own-Operate (BOO) model. This ₹212.31 crore project (inclusive of GST) will be executed over a 12-year period from its scheduled commissioning date. Oriana Power is expected to complete the project within 15 months of signing the Battery Energy Storage Purchase Agreement (BESPA). It will also receive a Viability Gap Funding (VGF) of ₹27 crore, based on the current estimated project cost. The BESS installation is designed for two-cycle daily charge-discharge operations and will help enhance grid stability, reduce blackout risks, and improve power efficiency in the region. The contract was awarded through a tariff-based competitive bidding process. This project marks a key step in Oriana Power's expansion into India's clean energy storage segment and reflects its commitment to sustainable power solutions. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Standard
09-07-2025
- Business
- Business Standard
Oriana Power sizzles as arm secures BESS project deal with RVUNL in Rajasthan
Oriana Power surged 4.65% to Rs 2,276 after its wholly owned subsidiary, Truere Knight has signed BESPA with Rajasthan Rajya Vidyut Utpadan Nigam (RVUNL) to set up a 50 MW/100 MWh standalone battery energy storage system (BESS) in Rajasthan. The project will deploy standalone grid-scale Battery Energy Storage Systems (BESS) with a total capacity of 50 MW/100 MWh at Heerapura, Jaipur SS, Rajasthan. This BESS initiative aims to enhance grid stability by balancing supply and demand, reducing the risk of blackouts, and improving overall grid efficiency. The project will be executed under the Build-Own-Operate (BOO) model. This milestone highlights the companys commitment to advancing Indias clean energy ecosystem and reinforces its leadership in the energy storage sector. The expected viability gap funding (VGF) is Rs 27,00,00,000 based on the current estimated project cost. The orders are to be executed within 18 months from the execution of the broad consideration for this order shall be Rs 188,61,12,000. The promoter/promoter group/group companies have no interest in the entity that awarded the contracts. Additionally, the contracts do not fall under related party transactions. Oriana Power specializes in solar energy solutions for industrial and commercial customers. The firm offers on-site solar projects like rooftop and ground-mounted systems, as well as off-site solar farms. On a full-year basis, the company's net profit surged 414.7% to Rs 54.35 crore on 184.2% rise in net sales to Rs 382.87 crore in FY24 over FY23.
Mint
08-07-2025
- Business
- Mint
Small-cap stock jumps 5% on receiving project worth ₹465 crore from NTPC arm
Oriana Power share price rallied nearly 5% on Tuesday after the company announced the receipt of Letter of Award (LOA) for a project from a subsidiary of state-run NTPC. The small-cap stock surged as much as 4.97% to ₹ 2,196 apiece on the NSE. Oriana Power said it has received Letter of Award (LOA) from NTPC Vidyut Vyapar Nigam Ltd (NVVN) for setting up of 125 MW/ 250 MWH standalone Battery Energy Storage Systems (BESS) at location provided at Giral Sub-Station in the state of Rajasthan with a Viability Gap Funding (VGF). 'The initiative of BESS will improve grid stability by balancing supply and demand, reducing the risk of blackouts, and enhancing overall grid efficiency. The project will be executed under the build-own-operate (BOO) model,' Oriana Power said in a regulatory filing on July 7. The broad consideration or size of the contract is ₹ 465.15 crore over a period of 12 years from the Scheduled Commissioning Date of the Project. The time period by which the contract is to be executed is 18 months from the effective date of Battery Energy Storage Purchase Agreement (BESPA), the company added. NTPC Vidyut Vyapar Nigam Ltd. (NVVN) was formed by NTPC in the year 2002, as its wholly owned subsidiary. Oriana Power shares are listed on NSE Emerge, a platform for SME companies. Oriana Power share price has fallen 4.3% in one month, and has declined 4% on a year-to-date (YTD) basis. The SME stock has dropped 13% in the past one year. At 10:30 AM, Oriana Power share price was trading 4.92% higher at ₹ 2,195 apiece on the NSE.
Mint
08-07-2025
- Business
- Mint
Small-cap stock jumps 5% on receiving project worth ₹465 crore from NTPC arm
Oriana Power share price rallied nearly 5% on Tuesday after the company announced the receipt of Letter of Award (LOA) for a project from a subsidiary of state-run NTPC. The small-cap stock surged as much as 4.97% to ₹ 2,196 apiece on the NSE. Oriana Power said it has received Letter of Award (LOA) from NTPC Vidyut Vyapar Nigam Ltd (NVVN) for setting up of 125 MW/ 250 MWH standalone Battery Energy Storage Systems (BESS) at location provided at Giral Sub-Station in the state of Rajasthan with a Viability Gap Funding (VGF). 'The initiative of BESS will improve grid stability by balancing supply and demand, reducing the risk of blackouts, and enhancing overall grid efficiency. The project will be executed under the build-own-operate (BOO) model,' Oriana Power said in a regulatory filing on July 7. The broad consideration or size of the contract is ₹ 465.15 crore over a period of 12 years from the Scheduled Commissioning Date of the Project. The time period by which the contract is to be executed is 18 months from the effective date of Battery Energy Storage Purchase Agreement (BESPA), the company added. NTPC Vidyut Vyapar Nigam Ltd. (NVVN) was formed by NTPC in the year 2002, as its wholly owned subsidiary. Oriana Power shares are listed on NSE Emerge, a platform for SME companies. Oriana Power share price has fallen 4.3% in one month, and has declined 4% on a year-to-date (YTD) basis. The SME stock has dropped 13% in the past one year. At 10:30 AM, Oriana Power share price was trading 4.92% higher at ₹ 2,195 apiece on the NSE. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
