Oriana Power surges after securing Rs 2.48 billion order from BPCL
POWER & RENEWABLE ENERGY

Oriana Power surges after securing Rs 2.48 billion order from BPCL

Oriana Power's shares were locked in a 5% upper circuit at Rs 2,193.15 after the company secured an order valued at Rs 2.47 billion for the execution of a 52-MW solar power project from Bharat Petroleum Corporation (BPCL).

The company will develop the project for the customer under the EPC segment, which includes obtaining CTU approval, setting up transmission lines, and providing operation and maintenance (O&M) services for five years. The project is to be completed within six months, and the order is valued at Rs 2.47 billion.

Oriana Power specializes in providing solar energy solutions to industrial and commercial clients. The firm offers both on-site solar installations, such as rooftop and ground-mounted systems, as well as off-site solar farms.

For FY24, Oriana Power reported a consolidated net profit of Rs 540.35 million, a significant increase from Rs 100.56 million in FY23. Net sales for FY24 reached Rs 3.82 billion, marking a 184.2 per cent year-on-year growth.

Oriana Power's shares were locked in a 5% upper circuit at Rs 2,193.15 after the company secured an order valued at Rs 2.47 billion for the execution of a 52-MW solar power project from Bharat Petroleum Corporation (BPCL). The company will develop the project for the customer under the EPC segment, which includes obtaining CTU approval, setting up transmission lines, and providing operation and maintenance (O&M) services for five years. The project is to be completed within six months, and the order is valued at Rs 2.47 billion. Oriana Power specializes in providing solar energy solutions to industrial and commercial clients. The firm offers both on-site solar installations, such as rooftop and ground-mounted systems, as well as off-site solar farms. For FY24, Oriana Power reported a consolidated net profit of Rs 540.35 million, a significant increase from Rs 100.56 million in FY23. Net sales for FY24 reached Rs 3.82 billion, marking a 184.2 per cent year-on-year growth.

Next Story
Infrastructure Urban

Canal Water Boost for Mudki

In a significant push for public health and urban development, MLA Rajneesh Dahiya has announced a Rs.280 million canal water supply project for Mudki town in the Ferozepur Rural constituency. The initiative aims to provide clean drinking water to every household within Mudki’s municipal limits. Speaking about the development, Dahiya said the project falls under the Centre’s AMRUT (Atal Mission for Rejuvenation and Urban Transformation) scheme and is being carried out with the support of Punjab Chief Minister Bhagwant Singh Mann and Local Government Minister Dr. Inderbir Nijjar. “This ..

Next Story
Infrastructure Transport

6 Tunnel Boring Machines Idle in Chennai

Six tunnel boring machines (TBMs) deployed by the Chennai Metro Rail Limited (CMRL) are currently lying idle beneath city roads, stuck in limbo due to delayed construction of underground stations at Moolakadai, Perambur, and Mandaveli. The TBMs, launched as part of Corridor 3 of the Phase II Metro project from Madhavaram to SIPCOT, have reached their designated stations but are unable to proceed as the station boxes are incomplete. Without a completed diaphragm wall or station box, the machines cannot break through or be dismantled for reuse. According to CMRL officials, the root of the dela..

Next Story
Infrastructure Transport

Mumbai Metro 3 Nears Launch

The Mumbai Metro Rail Corporation shared a sneak peek of the newly completed Acharya Atre Chowk station on Metro Line 3 (Aqua Line) this Sunday, drawing both praise and impatience from the public. Located on the 9.77 km stretch between Bandra Kurla Complex (BKC) and Worli, the underground station is part of a long-anticipated corridor that promises to ease traffic and boost east-west connectivity. The social media update, posted by the handle @MumbaiMetro3, featured images of the station’s sleek new interiors. But the post quickly sparked a flurry of comments, with several users demanding c..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?