Oriana Power’s shares surged 7% after the company signed a significant Memorandum of Understanding (MoU) with the Government of Rajasthan under the “Rising Rajasthan 2024” initiative. The agreement aims to explore renewable energy investment opportunities, with a potential value of ₹10,000 crore.
Key Highlights:
- Scope: Focuses on solar power, floating solar, green hydrogen, and energy storage infrastructure projects.
- Timeline: Discussions began in November 2024, with the MoU formally signed on December 4, 2024.
- Impact: The partnership supports India’s clean energy objectives, positioning Oriana Power as a leader in renewable energy solutions.
Oriana Power clarified that the MoU is a preliminary framework and does not guarantee immediate investments or project execution.
As of 10:13 am, Oriana Power shares were trading 6.66% higher at Rs 2640.05 on the NSE.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
