Oriana Power Secures EPC Contract from Cement Industry Player for 50 MW Solar Projects in Rajasthan
Oriana Power Limited has secured an Engineering, Procurement and Commissioning (EPC) contract with a prominent player in the cement industry sector. The agreement covers the setup and development of solar power projects aggregating to 50 MW capacity within the State of Rajasthan.The contract outlines the services provided by Oriana Power, covering the complete lifecycle of the project, including construction, commissioning, and subsequent operation and maintenance. This opportunity positions Oriana Power in the renewable energy segment for this large-scale industrial client.
The aggregate value of the EPC Contract stands at ₹214.80 Crore (including GST). The cement industry entity awarding the contract is domestic.
Key details regarding the order include:
| Particulars | Details |
|---|---|
| Client Entity | Cement Industry (Domestic) |
| Nature of Contract | EPC for Solar Power Projects |
| Capacity | 50 MW |
| Contract Value | ₹214.80 Crore (including GST) |
| Project Timeline | Execution must be completed within 9 months |
| O&M Period | 10 years from the Commercial Operation Date (COD) and handover |
The contract details confirm that there is no interest held by the promoter group in the entity awarding the order, nor will the transaction fall under related party transactions.
ORIANA Stock Price Movement
Shares of Oriana Power Limited are edging higher to ₹1250.05 as of 9:53 AM today, gaining 3.10% in live trading. The stock has seen a volume of 27,225 shares so far as it trades within its daily range.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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