Oriana Power Secures Rs 2,148 Million EPC Order for 50 MW Solar
POWER & RENEWABLE ENERGY

Oriana Power Secures Rs 2,148 Million EPC Order for 50 MW Solar

Oriana Power Limited has secured an engineering, procurement and construction contract from a major cement company to develop up to 50 MW of solar projects in Rajasthan. The company reported the contract value as Rs 2,148 million (mn) including GST and said it intends to complete the work within nine months. The agreement includes an Operation and Maintenance period of 10 years from the commercial operation date and handover. The contract adds a firm project to the company pipeline and is part of its ongoing EPC activity.

The order sits alongside a solar capacity pipeline approaching 2,500-plus MWp and follows prior investor guidance on ambitious medium term targets. Management reiterated its 2030 goals of adding 6 GWp of solar EPC, 2.4 GWp of solar as independent power producer and 20 GWh of battery energy storage system capacity. The company characterised the growth trajectory as a high compound annual growth rate, indicating a base scenario of a 40 per cent to 50 per cent CAGR and noting that, under favourable conditions, growth could reach about a 70 per cent CAGR. Analysts will watch execution timelines and supply chain developments closely.

Company executives outlined an expected shift in revenue composition over the coming financial years. For FY27 solar was projected to contribute around 60 per cent of revenue with battery energy storage systems accounting for about 40 per cent. By FY28 management expected the solar share to fall to roughly 30 per cent while battery systems could rise to about 60 per cent with green hydrogen beginning to contribute near 10 per cent. In FY29 the firm envisaged solar at around 30 per cent, battery at 40 per cent and green hydrogen reaching close to 30 per cent.

Management also warned of recent supply chain volatility affecting EPC execution. The company said it would monitor risks and prioritise timely delivery.

Oriana Power Limited has secured an engineering, procurement and construction contract from a major cement company to develop up to 50 MW of solar projects in Rajasthan. The company reported the contract value as Rs 2,148 million (mn) including GST and said it intends to complete the work within nine months. The agreement includes an Operation and Maintenance period of 10 years from the commercial operation date and handover. The contract adds a firm project to the company pipeline and is part of its ongoing EPC activity. The order sits alongside a solar capacity pipeline approaching 2,500-plus MWp and follows prior investor guidance on ambitious medium term targets. Management reiterated its 2030 goals of adding 6 GWp of solar EPC, 2.4 GWp of solar as independent power producer and 20 GWh of battery energy storage system capacity. The company characterised the growth trajectory as a high compound annual growth rate, indicating a base scenario of a 40 per cent to 50 per cent CAGR and noting that, under favourable conditions, growth could reach about a 70 per cent CAGR. Analysts will watch execution timelines and supply chain developments closely. Company executives outlined an expected shift in revenue composition over the coming financial years. For FY27 solar was projected to contribute around 60 per cent of revenue with battery energy storage systems accounting for about 40 per cent. By FY28 management expected the solar share to fall to roughly 30 per cent while battery systems could rise to about 60 per cent with green hydrogen beginning to contribute near 10 per cent. In FY29 the firm envisaged solar at around 30 per cent, battery at 40 per cent and green hydrogen reaching close to 30 per cent. Management also warned of recent supply chain volatility affecting EPC execution. The company said it would monitor risks and prioritise timely delivery.

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