Oriana Power shares hit 5% upper circuit limit on securing Rs 248 crore order

Incorporated in 2013, Oriana Power 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.

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26 Aug, 2025 12:21

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Shares of Oriana Power hit a 5 percent upper circuit at Rs 2,193.15 on NSE SME on September 2 platform after the company announced that it received a Rs 247.88 crore order for a 52 MW solar power plant. The contract was awarded by Bharat Petroleum Corporation Ltd.

The new project will be developed in Prayagraj, Uttar Pradesh. It falls under the company's Engineering, Procurement, and Construction (EPC) segment. Under the contract, Oriana Power will ensure the development of the solar power plant, which includes obtaining approval from the Central Transmission Utility (CTU), setting up necessary transmission lines, and managing operations and maintenance for five years.

This contract is expected to be executed within six months by Oriana Power.

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Incorporated in 2013, Oriana Power 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.

In August, the company announced plans to establish a gigawatt-scale facility dedicated to producing alkaline electrolysers and Balance of Plant (BOP) modules. This factory is set to launch in two phases, with the first phase, featuring a 500 megawatt (MW) annual capacity for electrolyser production, slated to commence operations by 2026.

Earlier in July, Oriana Power secured a new contract valued at Rs 155 crore for the development of a 40 MWp solar power plant in Rajasthan.

At 1:45 pm, shares of the company were trading 5 percent higher at Rs 2,193.15 apiece.

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