16 Apr 2024
Oriana Power Limited, a leading provider of solar energy solutions, is making waves in the clean energy sector!
Their stock price jumped 4% after successfully commissioning a significant project.
Here's the Winning Formula:
Power Plant Powerhouse: Oriana successfully commissioned a whopping 29 MWp Captive Open Access Solar Power Plant project for a steel company in Karnataka.
Clean Energy Champion: This project is estimated to generate a massive 464.89 million kWh of clean power annually, significantly reducing the client's carbon footprint by an estimated 38,121 tonnes per year.
Big Bucks and Bigger Projects: Oriana recently secured a large order worth Rs. 325 Crores for building a 76.62 MW solar power plant.
Oriana's Diverse Solutions:
The company offers a comprehensive range of solar energy solutions, including:
Floating solar panels
Rooftop solar installations
Hydrogen electrolyzers
Financial Strength:
Oriana's revenue has grown steadily, with a 9.85% increase from FY22 to FY23.
They boast impressive profitability, with profits rising from Rs. 6.96 Crores to Rs. 10.93 Crores in the same period.
The company demonstrates strong financial health with a high return on equity (ROE) of 46.8% and a return on capital employed (ROCE) of 27.1%.
Looking Ahead:
Oriana Power's commitment to clean energy solutions and their impressive project execution capabilities position them for continued success in the booming renewable energy market.