Oriana Power Limited — Others, 15-11-2024: Monitoring Agency Report

Oriana Power Limited has released the Monitoring Agency Report for the quarter ending September 30, 2024, prepared by CRISIL Ratings to oversee the utilization of funds from their recent Preferential Issue. The report indicates that there were no deviations from the stated objectives of the fund usage, with approximately ₹124.90 crore utilized for investments in subsidiaries focused on solar projects. All funds have been accounted for, and no major variances were reported. This development signals robust operational alignment, potentially enhancing investor confidence with a positive outlook on future project developments.