Oriana Power Limited — Important, 27-01-2025: General Updates

Oriana Power has made significant strides, positioning itself for strong progress in FY24-25. The company has secured connectivity for 200 MW in Uttar Pradesh and 100 MW in Haryana, aiming for 1.5 GW by FY26. Notably, Oriana's revenue targets for FY25 & FY26 remain intact, bolstered by a robust project pipeline.

The hydrogen vertical is set for growth as the levelized cost of hydrogen decreases, enhancing the viability of green hydrogen initiatives. Oriana has also initiated its BESS vertical, winning a tender for 50 MW/100 MWh, capitalizing on the growing market supported by government policies.

Additionally, Oriana's CBG business is gaining traction, with a recent order of 21 TPD and a pipeline of 100 TPD. The e-methanol project begins its feed study in April 2025, aligning with the company's diversification strategy. With a substantial increase in workforce—expected to reach 325 by FY26—Oriana is well-equipped to meet future targets and manage larger projects efficiently. Strategic partnerships with states will further enhance operational efficiency and support growth. Positive outlook ahead as Oriana navigates these developments.