Oriana Power Eyes 60 GW Solar, Expands into Hydrogen & Storage

23 May 2025 CW Team

Over the years, Oriana transitioned from consultancy to EPC (engineering, procurement, and construction) services in 2017, and then to an IPP (independent power producer) model in 2019. This shift allowed the company to invest its own capital in solar energy projects while helping clients overcome financing hurdles.

“We’ve delivered landmark projects including floating solar plants, hilltop installations, and even a 28 MW plant on a coal dumping yard,” said Anirudh Saraswat, Co-founder and Chief Business Officer. A 3 MW floating solar plant in Visakhapatnam, commissioned during the pandemic, became one of the largest of its kind at the time.

Oriana has since executed solar energy projects across India and Kenya, offering cost-effective solutions to corporates, industries, and government bodies. Despite early struggles with funding, the company secured its first project loan from SBI after seven attempts—an achievement that paved the way for growth without equity dilution.

The company expanded rapidly during and after the COVID-19 pandemic, supported by a strong network of 83 channel partners. In August 2023, Oriana launched a successful SME IPO worth nearly Rs 600 million and earlier raised over USD 1 million in a pre-IPO round. This brought both capital and credibility, enabling a shift from BBB+ to AAA-rated clientele and growing its portfolio to over 600 MW of completed and ongoing projects.

In 2024, Oriana raised a further Rs 2 billion through a preferential round, a testament to its strong market position. The company is now targeting 60 GW in EPC projects and 2.5 GW in IPP over the next five years.

With energy security a national priority, Oriana has transitioned to sourcing domestic solar modules and is expanding into battery energy storage systems (BESS) and green hydrogen. It was the lowest bidder for two major BESS tenders in Telangana and Rajasthan and is also developing modular hydrogen solutions. A 1 GW electrolyser factory is planned in Madhya Pradesh to support scalable, cost-effective hydrogen production.

“India still imports petrol, diesel, and lithium batteries. It’s time to change that,” said Saraswat. “We’re building end-to-end clean energy systems to help make India energy self-reliant.”

Image source:mercomindia

Founded in 2013 by engineers Rupal Gupta, Parveen Jangra, and Anirudh Saraswat, Oriana Power began as a consultancy with a clear mission: combine profitability with environmental sustainability to deliver long-term climate value.Over the years, Oriana transitioned from consultancy to EPC (engineering, procurement, and construction) services in 2017, and then to an IPP (independent power producer) model in 2019. This shift allowed the company to invest its own capital in solar energy projects while helping clients overcome financing hurdles.“We’ve delivered landmark projects including floating solar plants, hilltop installations, and even a 28 MW plant on a coal dumping yard,” said Anirudh Saraswat, Co-founder and Chief Business Officer. A 3 MW floating solar plant in Visakhapatnam, commissioned during the pandemic, became one of the largest of its kind at the time.Oriana has since executed solar energy projects across India and Kenya, offering cost-effective solutions to corporates, industries, and government bodies. Despite early struggles with funding, the company secured its first project loan from SBI after seven attempts—an achievement that paved the way for growth without equity dilution.The company expanded rapidly during and after the COVID-19 pandemic, supported by a strong network of 83 channel partners. In August 2023, Oriana launched a successful SME IPO worth nearly Rs 600 million and earlier raised over USD 1 million in a pre-IPO round. This brought both capital and credibility, enabling a shift from BBB+ to AAA-rated clientele and growing its portfolio to over 600 MW of completed and ongoing projects.In 2024, Oriana raised a further Rs 2 billion through a preferential round, a testament to its strong market position. The company is now targeting 60 GW in EPC projects and 2.5 GW in IPP over the next five years.With energy security a national priority, Oriana has transitioned to sourcing domestic solar modules and is expanding into battery energy storage systems (BESS) and green hydrogen. It was the lowest bidder for two major BESS tenders in Telangana and Rajasthan and is also developing modular hydrogen solutions. A 1 GW electrolyser factory is planned in Madhya Pradesh to support scalable, cost-effective hydrogen production.“India still imports petrol, diesel, and lithium batteries. It’s time to change that,” said Saraswat. “We’re building end-to-end clean energy systems to help make India energy self-reliant.”Image source:mercomindia

Infrastructure Urban

05 May 2026

Meghalaya And Assam Hold Talks To End Transport Stoppages In Garo Hills

Meghalaya and Assam have opened talks aimed at ending recent stoppages of commodity transport in the Garo Hills, officials said. The deputy chief minister, in charge of home affairs, reported that both state governments are coordinating to resolve disruptions and to restore normal movement of goods. He acknowledged that misunderstandings may have contributed to the incidents and that clarification between administrative units is under way. The discussions are intended to produce practical arrangements that will allow consignments to move without hindrance while respecting local procedures. The..

Infrastructure Transport

05 May 2026

Kochi Metro Records 1.375 mn Rise In Passengers In FY26

Kochi Metro recorded a marginal rise in ridership in the financial year 2025-26, carrying 1.375 mn more passengers than in the previous year. The service carried 36.8 million (mn) passengers in 2025-26 compared with 35.5 mn in 2024-25, representing a year-on-year increase of 3.9 per cent. The growth was described as distributed rather than concentrated in isolated spikes. A month-wise analysis shows steady gains across quarters. In the first quarter, ridership increased from 8.57 mn to 8.84 mn, while the second quarter rose from 9.13 mn to 9.51 mn. These trends indicated broad-based improvemen..

Infrastructure Transport

05 May 2026

Ghaziabad Plans 16km Metro Link To Delhi Via Hindon Airport

Ghaziabad authorities are pursuing a 16 km metro link to Delhi that will run via Hindon Airport, and a detailed project report is under way. The plan is intended to improve connectivity between Ghaziabad and the national capital and to provide an interchange with the airport. Officials said the project is being studied to assess alignments, station locations and cost estimates ahead of formal approvals and tendering. The announcement follows the inauguration of the Delhi?Faridabad metro extension, which will offer hassle free travel for around 0.2 mn daily commuters between the national capita..