Oriana Power Share Hits Upper Circuit After ₹1,180 Cr Floating Solar Project Win

Oriana Power Project Value and Contract Structure

The total value of the contract stands at ₹1,180.53 crore (inclusive of GST). The agreement is structured into three separate contracts covering the supply of plant and equipment, Engineering, Procurement and Construction (EPC) services, and long-term operation and maintenance of the facility.

Under the contract, the company will undertake the complete development of the floating solar project. This includes design and engineering of the grid-interactive solar power plant, ensuring full technical planning and system integration. The scope also covers the procurement and supply of all necessary plant machinery, equipment and mandatory spare parts required for the project.

Additionally, the execution phase will involve transportation, insurance, unloading, storage, and all civil and electrical works required to establish the facility. Oriana Power will also handle the erection, installation, testing and final commissioning of the floating solar plant. Beyond commissioning, the company will provide comprehensive operation and maintenance (O&M) services, ensuring long-term operational efficiency and performance of the project.

Oriana Power: Importance of the Project

The project represents one of the largest floating solar power installations in India, marking a major milestone for Oriana Power as it continues to expand its presence in the large-scale renewable energy EPC sector. The initiative strengthens the company’s portfolio in floating solar infrastructure while contributing to the country’s renewable energy capacity.

The project is a domestic undertaking and is expected to be completed within a period of 18 months from the date of the award.

Oriana Power Financial Performance Highlights: H1 FY26

For the first half of FY26 (H1 FY26) on a consolidated basis, Oriana Power reported strong financial performance. The company recorded revenue from operations of ₹7,811.8 lakhs, reflecting robust business growth during the period.

Profit after tax stood at ₹12,163 lakh, translating into a PAT margin of 15.57%. The company also reported EBITDA of ₹18,174 lakhs, indicating healthy operating profitability. Basic earnings per share during the period came in at ₹59.77 per share.

Oriana Power Share Price Hit 5% Upper Circuit on Monday

Oriana Power Ltd share price hit a 5% upper circuit on Monday, early trade, after the company announced that it has received a significant Letter of Award (LoA) for the development of a 234 MW Grid-Tied Floating Solar Photovoltaic (FSPV) plant. Share price of Oriana Power was trading at ₹1,835.00 as of March 09, 2026, at 10:50 am, reflecting a gain of ₹39.75 or 2.21% during the trading session.

The new order further strengthens Oriana Power’s order book and positions the company to benefit from India’s accelerating transition toward renewable energy, particularly in the floating solar power segment, which is gaining traction due to efficient land utilisation and improved energy generation efficiency.