Solar EPC & BOOT company Oriana Power's stock price jumped over 4% on Thursday as the company bagged a significant order from Solar Energy Corporation of India Ltd for the production and supply of Green Ammonia.
The details of the order are as follows:
Oriana Power Limited has received a Letter of Award (LOA) from Solar Energy Corporation of India Ltd for the production and supply of 60,000 metric tonnes per annum (MT/Year) of Green Ammonia. This significant order is under the SIGHT Scheme (Mode-2A-Tranche-I) and will supply Madhya Bharat Agro Products Limited-II in Sagar, Madhya Pradesh.
The project, valued at ₹313.5 Crores per year for a period of 10 years (at a rate of ₹52.25/Kg), marks a significant milestone for Oriana Power in the green hydrogen and ammonia value chain, aligning with India's transition towards clean energy.
In addition, Oriana Power Limited will be eligible to receive incentives under the Sight Program-Component-II of the National Green Hydrogen Mission, with a cumulative incentive of ₹127 crores for the first three years. The order is to be executed within 36 months from the effective date of the Green Ammonia Production Agreement (GAPA).
As of March 2025, the company has a total order book of ₹2,500+ crore. The management of the company expects more order additions in the coming months after a period of strategic conservatism.
After midday trade, Oriana Power's share price jumped over 4.7% to an intraday high as the company announced that it has received an LOA for the supply of Green Ammonia from SECI. As of 2:30 pm IST, the stock price of the company was trading at ₹2,377 per share, up by 4.64%. In the last 6 months, the stock price has given returns of over 62%.
Disclaimer: The article is for informational purposes only and not investment advice.
For android only