Shares of Oriana Power Ltd skyrocketed 8% on 20 March after the company announced receiving an order worth Rs 14.88 crore from Mormugao Port Authority.

In its regulatory filing, the company said that it had secured a contract worth Rs 14.88 crore from Mormugao Port Authority for supplying a 3-megawatt peak turnkey engineering procurement and commissioning (EPC) segment of the company.

As of September 2023, the company’s order book stood at over 110 megawatts, and its EPC segment order book stood at 65 megawatts, which has to be executed by the end of the current fiscal year.

On 11 March, the company announced receiving a new order for a 6.7-megawatt peak solar power plant under the EPC segment valued at Rs.18.67 Crore.

According to the latest shareholding pattern, the promoters of the company hold 61.41% stake in the company, while 31.89% is held by retail investors, and DIIs (domestic institutional investors) and FIIs (foreign institutional investors) hold 3.95% and 2.75% stake in the company, respectively.

The company was established in 2013, is headquartered in New Delhi, and is a leading solar energy solution provider in India. They specialise in constructing and operating solar projects for industrial and commercial customers.

At 3:30 pm, the shares of Oriana Power closed 5.34% higher at Rs 714 on NSE.