Oriana Power secured a ₹188.61 crore BESPA with RVUNL for a 50 MW/100 MWH battery storage project in Rajasthan, aiming to enhance grid stability. The project includes ₹27 crore VGF and will be completed in 18 months.
India's key stock indices showed minimal movement on Wednesday, with investor sentiment staying cautious due to uncertainty surrounding U.S. tariff policies. While fast-moving consumer goods (FMCG) stocks supported the market, declines in IT shares balanced out the gains.
At 10:26 a.m. IST, the Nifty 50 was slightly up by 0.02% at 25,531.7, and the BSE Sensex edged higher by 0.01% to 83,726.51.
Oriana Power bagged a battery storage project in Rajasthan. Details are as follows:
Oriana Power Limited announced today, July 9, 2025, that its wholly-owned subsidiary, Truere Knight Private Limited, has signed a Battery Energy Storage Purchase Agreement (BESPA) with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RVUNL). This agreement is for the establishment of 50 MW/100 MWH standalone Battery Energy Storage Systems (BESS). The project will be located at the Heerapura, Jaipur Sub-Station in Rajasthan and will operate under a Build-Own-Operate (BOO) model.
This initiative is expected to significantly improve grid stability by balancing supply and demand, thereby reducing the risk of blackouts and enhancing overall grid efficiency. The total consideration for this project is ₹188.61 crore, which will be realised over a period of 12 years from the project's scheduled commissioning date. The project also includes a Viability Gap Funding (VGF) component, estimated at ₹27 crore, based on the current estimated project cost. The execution period for this contract is eighteen months from the date of BESPA execution.
In FY25, the company reported a consolidated total revenue for the year that amounted to ₹987.16 crore. The company posted a Profit After Tax (PAT) of ₹158.55 crore, translating to a PAT margin of 16.06%. The Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) stood at ₹245.38 crore, while the Basic Earnings Per Share (EPS) was ₹79.52. The
Oriana Power share price jumped over 4% on Wednesday. As of 11:30 am IST, the stock was trading at ₹2,276 per share, up by 4.64%.
On a year-to-date basis, the stock price has increased by 0.26% while in the last 3 months it is up by 74.04%. In the last 12 months, the stock has seen a decline of 6.13%.
Incorporated in 2013, Oriana Power Limited 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. Oriana Power offers low-carbon energy solutions, which involve on-site solar project installations i.e., rooftop and ground-mounted systems, and off-site solar farms i.e. Open access.
Disclaimer: The article is for informational purposes only and not investment advice.
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