Oriana Power Ltd signed an MoU with Invest Alberta Corporation to jointly develop green energy projects, including green hydrogen and e-methanol. The company plans phased investments of up to $1 billion, marking its strategic expansion into Canada's renewable energy sector.
Oriana Power Ltd, a green energy company offering EPC services across various renewable segments, is drawing attention after entering into a Memorandum of Understanding (MoU) with a Canadian firm to jointly develop green energy initiatives and related ventures. With a market cap of ₹4,907 crore, the stock opened at ₹2,492 per share, up from the previous close of ₹2,405.15.
Oriana Power Limited, a prominent renewable energy company, announced on July 16, 2025, that it has signed a non-binding Memorandum of Understanding (MoU) with Invest Alberta Corporation (IAC), Canada. The collaboration aims to explore and develop renewable energy projects, including green hydrogen and e-methanol, in Alberta, Canada. This initiative marks a significant step in Oriana's global expansion strategy and aligns with Canada's transition towards a sustainable, low-carbon future.
Under the MoU, Oriana and IAC intend to develop a vertically integrated renewable energy complex. Oriana has expressed a strategic interest in making phased investments in these projects, initially ranging from $300 million to $500 million. This investment has the potential to scale up to $1 billion within five years, depending on the identification of viable business projects. IAC will play a crucial role in supporting Oriana by helping them navigate provincial programs, optimise collaboration with the Alberta Government, build connections with domestic and international stakeholders, and facilitate partnerships with Alberta's post-secondary institutions to develop a skilled talent pipeline.
Mr. Anirudh Saraswat, Chief Business Officer of Oriana, stated: “Alberta is emerging as a key market for Oriana. During the Stampede, I engaged with renewable energy and hydrogen industry leaders and saw firsthand the province’s incredible potential. Calgary, in particular, stands out as a vibrant, globally connected city for trade and clean energy investment. We are excited to partner with IAC to bring world-class renewable energy innovation to Canada.”
Mr. Anirudh added, “This collaboration represents not just an intention to invest in clean energy, but in people, communities, and the shared future of both India and Alberta.”
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.
Oriana Power's share price jumped over 3.5% on Thursday. As of 01:03 am IST, the stock was trading at ₹2,439 per share, up by 1.41%.
On a year-to-date basis, the stock price has increased by 7.25% while in the last 3 months it is up by 67.07%. In the last 12 months, the stock has seen an increase of 5.69%.
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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