Oriana Power Ltd Share Price

(ORIANA)

Oriana Power Ltd was originally incorporated on February 21 2013 as a Private Limited Company as Oriana Power Private Limited with the Registrar of Companies Delhi. Thereafter Company was converted from a Private Limited Company to Public Limited Company and consequently name of Company got changed to Oriana Power Limited vide Fresh Certificate of Incorporation issued on April 24 2023 by the Registrar of Companies Delhi.Oriana Power is a company that specializes in providing solar energy solutions to industrial and commercial customers. The Company offer low carbon energy solutions by installing onsite solar projects such as rooftop and groundmounted systems as well as offsite solar farms i.e. Open access. Their business operations are mainly divided into two segments: Capital Expenditure CAPEX and Renewable Energy Service Company RESCO. Under the CAPEX model Company offer Engineering Procurement Construction and Operation of Solar Projects. In this modelcustomer invest in Capital Expenditure at their own and Company does Engineering Procurement Construction and Operation on behalf of client. This model may be executed in various manners such as rooftop and groundmounted systems as well as offsite solar farms. Under CAPEX Model they have delivered projects with capacity exceeding 100 MWp across various locations to India and Kenya Africa till date since commencement of business activity in this area of service i.e. June 2017. Under the RESCO model Company operate through 17 subsidiaries. These subsidiaries provide solar energy solutions on a BOOT Build Own Operate Transfer model basis allowing customers to enjoy the benefits of solar energy without the upfront investment. All the investment commissioning and maintenance are done at their end and in lieu of that the Company sells power to the end consumer through a Power Purchase agreement generally agreed for 25 years. Currently the Company has a diverse portfolio of operational and underconstruction projects with a capacity exceeding 35 MWp across various locations in India including Rajasthan Delhi Haryana Goa Punjab Gujarat Karnataka Andhra Pradesh Odisha and more. Additionally it has expanded global presence in Kenya Africa..

Listing date: 11 Aug, 2023