Oriana Power Limited — JV/Acquisition, 24-04-2026: Acquisition

Oriana Power has invested **Rs 12.02 Cr** to acquire 93.24 lakh equity shares in its subsidiary, **Truere Guj SPV Private Limited**. This move maintains Oriana's **74% stake** and is strategically aimed at funding a **Battery Energy Storage System (BESS)**. The BESS will be integrated into the subsidiary's solar power plant, boosting **efficient energy management** through surplus power storage. Operating in Renewable Energy, Truere Guj SPV reported nil turnover in FY24-25 but holds a net worth of **Rs 69.08 Cr**. This investment supports critical project development for the company.