Oriana Power Limited — Others, 14-02-2025: Monitoring Agency Report

Oriana Power Limited has shared the Monitoring Agency Report from CRISIL for the quarter ending December 31, 2024, regarding the utilization of proceeds from its recent Preferential Issue. The report confirms that the revised gross issue proceeds of ₹20,685.21 Cr have been fully utilized for intended purposes, including investments in subsidiaries for solar projects and working capital needs. This reflects effective fund management, likely bolstering investor confidence. The absence of deviations from the proposed usage indicates a positive outlook for the company’s financial operations and project execution strategies.