Oriana Power bags Rs 5.2 Bn contract for 128 MW solar plant
POWER & RENEWABLE ENERGY

Oriana Power bags Rs 5.2 Bn contract for 128 MW solar plant

Oriana Power Limited, through its subsidiary TrueRE Surya Private Limited, had been awarded a contract by Dalmia Cement (Bharat) Limited (DCBL) to build and operate a ground-mounted solar power plant in Tamil Nadu. The project, with a capacity of up to 128 MW, fell under the Open Access Captive solar power plant segment and was estimated to cost Rs 5.2 billion. Once completed, the plant was expected to generate 1,920 lakh units of electricity annually, significantly contributing to Dalmia Bharat Group’s RE100 commitment by 2030 and its goal of becoming carbon negative by 2040.

The solar plant was anticipated to be commissioned within 12 months, enhancing Dalmia Bharat’s renewable energy capacity. Alongside the contract, DCBL had signed a Share Subscription and Shareholders Agreement (SSSHA) to acquire a 26% equity stake in TrueRE Surya Private Limited for Rs 4.4 billion, allowing DCBL to source solar power as a captive consumer for up to 128 MW. The transaction was expected to be completed within four to six months.

Anirudh Saraswat, Chief Business Officer at Oriana Power Limited, had reportedly remarked that this prestigious order from Dalmia Cement highlighted Oriana's growing recognition as a preferred renewable energy partner for major enterprises in the country. Oriana Power had earlier secured a ?247.88 crore contract from Bharat Petroleum Corporation Limited (BPCL) for a 52 MW ground-mounted solar project. With these new orders, Oriana now had over 570 MW of cumulative capacity under execution and had already delivered more than 240 MW of solar projects across India.

Additionally, the company had announced a strategic partnership with U.S.-based green hydrogen electrolyser manufacturer Splitwaters. Oriana was planning to commission a Giga-factory to produce electrolysers and Balance of Plant (BOP) modules, with an initial 500 MW capacity set to be operational by 2026, followed by another 500 MW in 2027.

Oriana Power Limited, through its subsidiary TrueRE Surya Private Limited, had been awarded a contract by Dalmia Cement (Bharat) Limited (DCBL) to build and operate a ground-mounted solar power plant in Tamil Nadu. The project, with a capacity of up to 128 MW, fell under the Open Access Captive solar power plant segment and was estimated to cost Rs 5.2 billion. Once completed, the plant was expected to generate 1,920 lakh units of electricity annually, significantly contributing to Dalmia Bharat Group’s RE100 commitment by 2030 and its goal of becoming carbon negative by 2040. The solar plant was anticipated to be commissioned within 12 months, enhancing Dalmia Bharat’s renewable energy capacity. Alongside the contract, DCBL had signed a Share Subscription and Shareholders Agreement (SSSHA) to acquire a 26% equity stake in TrueRE Surya Private Limited for Rs 4.4 billion, allowing DCBL to source solar power as a captive consumer for up to 128 MW. The transaction was expected to be completed within four to six months. Anirudh Saraswat, Chief Business Officer at Oriana Power Limited, had reportedly remarked that this prestigious order from Dalmia Cement highlighted Oriana's growing recognition as a preferred renewable energy partner for major enterprises in the country. Oriana Power had earlier secured a ?247.88 crore contract from Bharat Petroleum Corporation Limited (BPCL) for a 52 MW ground-mounted solar project. With these new orders, Oriana now had over 570 MW of cumulative capacity under execution and had already delivered more than 240 MW of solar projects across India. Additionally, the company had announced a strategic partnership with U.S.-based green hydrogen electrolyser manufacturer Splitwaters. Oriana was planning to commission a Giga-factory to produce electrolysers and Balance of Plant (BOP) modules, with an initial 500 MW capacity set to be operational by 2026, followed by another 500 MW in 2027.

Next Story
Infrastructure Urban

LinkedLogi Onboards 500+ Providers, Disrupts Freight Industry Model

LinkedLogi, a tech-first multimodal freight platform, is disrupting India’s traditional logistics ecosystem by building a unified digital freight operating system. In a country where nearly 85 per cent of freight still depends on phone calls, paperwork, and manual coordination, LinkedLogi is quietly leading a digital shift that is gaining early traction.Launched in February 2025, the company has already onboarded over 500 verified logistics providers and is enabling multimodal freight movement across road, rail, air, ocean, and warehousing—through one integrated digital interface. The plat..

Next Story
Real Estate

Driven Properties Opens Dubai’s Largest Realty Office After AED 5.05 Bn Deal

Driven | Forbes Global Properties has officially opened the doors to its new headquarters in Downtown Dubai, just steps from Burj Khalifa. Spanning 43,000 square feet across two floors, the space is now the largest real estate office in the city, a reflection  of the company’s growth and evolution in recent years. The move follows its landmark AED 505 million acquisition of Emaar Square Building 3 in November last year.  The new headquarters underscores the company’s long-term vision for the UAE market. As Dubai continues to evolve as a global real estate hub, Driven Propert..

Next Story
Infrastructure Urban

Hindustan Zinc Invests Over Rs 4.30 Bn in Rajasthan Education Since 2017

Hindustan Zinc, world’s largest integrated zinc producer, was felicitated with 6 awards at the 29th Bhamashah Awards for longstanding and deeply impactful contributions to school education in Rajasthan. 5 units of the company, Rampura Agucha Mine, Chanderiya Lead Zinc Smelter, Zawar Mines, Rajpura Dariba Complex, and Zinc Smelter Debari were recognized under Shiksha Vibhushan category and Kayad Lead Zinc Mine under Shiksha Bhushan category for sustained efforts in strengthening both physical infrastructure and learning outcomes across the state. The award function was graced by the esteemed ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?