Oriana Power received an LOA from KPTCL for a 50 MW/100 MWh battery storage project worth ₹212.31 crore. The stock rose 4.57% on Monday and is up 74.04% in the past three months.
India's key equity indices opened lower on Monday, weighed down by a decline in IT stocks. At 9:47 a.m. IST, the Nifty 50 was trading 0.25% lower at 25,087.85, while the BSE Sensex slipped 0.31% to 82,243.94.
Oriana Power bagged a battery storage project in Rajasthan.
Details are as follows:
Oriana Power Limited announced on July 14, 2025, that it has received a Letter of Award (LOA) from Karnataka Power Transmission Corporation Limited (KPTCL) for a significant project. The LOA is for setting up a cumulative capacity of 50 MW/100 MWh of Standalone Battery Energy Storage Systems (BESS) at the Shahapur Taluk Yadagir Sub-Station in Karnataka.
This project, operating under a build-own-operate (BOO) model, aims to enhance grid stability by balancing supply and demand, reducing the risk of blackouts, and improving overall grid efficiency. The project has an estimated Viability Gap Funding (VGF) of ₹27,00,00,000, based on the current estimated project cost.
The total broad consideration for this order is ₹212,31,50,400, including GST, over a period of 12 years from the Scheduled Commissioning Date of the Project. The execution period for the project is fifteen months from the Effective Date of the Battery Energy Storage Purchase Agreement (BESPA). This marks a significant milestone for Oriana Power Limited in the energy storage sector, demonstrating its commitment to the growth of India's clean energy ecosystem. The awarding entity, KPTCL, is a domestic entity, and the transaction is not considered a related party transaction.
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 share price jumped over 4% on Monday. As of 11:01 am IST, the stock was trading at ₹2,405 per share, up by 4.57%.
On a year-to-date basis, the stock price has increased by 5.54% while in the last 3 months it is up by 74.04%. In the last 12 months, the stock has seen a decline of 2.04%.
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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