Synopsis:
Oriana Energy shares rose 5% after successful a Rs 212 crore order from Karnataka Energy Transmission Corp to arrange a 50 MW/100 MWh battery storage system.
The shares of a photo voltaic and vitality options firm, engaged in EPC and BOOT-based solar energy initiatives, surged as much as 5% after bagging a big authorities order for a grid-scale battery vitality storage venture.
With a market capitalization of Rs 4,877 Crores, the share value of Oriana Energy Restricted was up by 5% as much as hit an intraday excessive of Rs 2,410.05 per share from its earlier day closing value of Rs 2,299.90 per share.
What’s the Information
Oriana Energy Ltd, in an alternate submitting, introduced that it has obtained a Letter of Award (LOA) from Karnataka Energy Transmission Company Ltd (KPTCL) for organising a 50 MW/100 MWh standalone Battery Power Storage System (BESS) on the Shahapur Taluk Yadagir Substation in Karnataka.
The venture, awarded by tariff-based aggressive bidding, might be executed below the Construct-Personal-Function (BOO) mannequin and is eligible for a Viability Hole Funding (VGF) of Rs 27 crore. The battery system will assist two full charge-discharge cycles every day for ‘on-demand’ utilization, geared toward enhancing grid reliability and effectivity.
The overall venture worth, together with GST, stands at Rs 212.31 crore, to be recovered over 12 years post-commissioning. As per the settlement, the execution timeline is 15 months from the efficient date of the Battery Power Storage Buy Settlement (BESPA).
Concerning the Firm
Oriana Energy Restricted is a number one renewable vitality firm in India, providing options throughout photo voltaic, battery storage, inexperienced hydrogen, and compressed biogas. The corporate has delivered over 400 MW of photo voltaic capability (200+ MW in FY25) and is executing one other 550+ MW, with a 1 GW photo voltaic capability goal by FY26. It additionally secured long-term C&I contracts and is getting into the nationwide utility-scale market by way of ISTS/CTU connectivity.
In vitality storage, Oriana secured 403 MWh of Battery Power Storage System (BESS) initiatives in FY25 and is planning its first hybrid photo voltaic + BESS venture for the C&I section, concentrating on 1+ GWh BESS capability by FY26.
In inexperienced hydrogen, it obtained 10,000 MTPA allocation below the SIGHT Scheme, secured land for a giga-factory, and is engaged on a 225 TPD e-Methanol venture with its first offtake settlement in place.
The corporate reported a income of Rs 987 crore in FY25, up by 157.7 p.c from its FY24 income of Rs 383 crore. Coming to its profitability, the corporate reported a internet revenue rise of 194.4 p.c to Rs 159 crore in FY25 from Rs 54 crore in FY24. The inventory delivered an ROE and ROCE of 48.3 p.c and 42.3 p.c, respectively.
Written By Rohan Pandey
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