Oriana Power signed a BESPA with TNPDCL for a 100 MWh battery energy storage project in Tamil Nadu. Backed by ₹27 crore VGF, the project aims to enhance grid stability. The company also reported strong FY25 financial performance.
Indian stock markets saw modest gains on Thursday, taking cues from broader Asian markets, which rose following a recent trade agreement between the U.S. and Vietnam. Investors also remained optimistic about potential developments in trade talks between the U.S. and India.
By 10:30 a.m. IST, the Nifty 50 had climbed 0.4% to 25,555.20, while the BSE Sensex advanced 0.41%, reaching 83,752.36.
Oriana Power bagged a battery storage project in Tamil Nadu. Details are as follows:
Oriana Power Limited announced on July 2, 2025, the execution of a Battery Energy Storage Purchase Agreement (BESPA) with Tamil Nadu Power Distribution Corporation Limited (TNPDCL). This significant agreement is for the development and establishment of a 50MW/100MWh Battery Energy Storage System (BESS) project. The project is strategically located at Karaikudi 230/110kV SS in the State of Tamil Nadu. The initiative is supported by a Viability Gap Funding (VGF) of ₹27 Crores.
The project's primary goal is to deploy standalone grid-scale BESS facilities with a total capacity of 100 MWh at key locations in Karaikudi, Tamil Nadu. This is expected to significantly improve grid stability by balancing supply and demand, reducing the risk of blackouts, and enhancing overall grid efficiency.
In FY25, the company reported a consolidated total revenue for the year that amounted to ₹987.166 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
The share price of Oriana Power was trading in positive territory. As of 10:45 am IST, the stock was trading at ₹2,147 per share, up by 0.62%.
On a year-to-date basis, the stock price has declined by 5.58% while in the last 3 months it is up by 46.05%. In the last 12 months, the stock has seen a decline of 17.23%.
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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