Oriana Power | Business Upturn

JK Cement invests Rs 2.81 crore in Truere Current for renewable energy expansion

Yash Agarwal — Wed, 29 Apr 2026 11:23:50 +0000

JK Cement has announced a strategic investment in Truere Current Private Limited, acquiring 21,84,000 equity shares at a total cost of ₹2,81,45,490. This acquisition represents a 26% stake in Truere Current, a company focused on renewable energy.

The investment aligns with JK Cement‘s long-term renewable energy strategy, as the company seeks to strengthen its presence in the sustainable energy sector. Truere Current is involved in setting up, generating, and distributing power from renewable power plants in India, contributing to the country’s energy transition.

Truere Current is a special purpose vehicle established by Oriana Power Limited, currently developing a Battery Energy Storage System (BESS) as part of its solar power plant project. This system aims to enhance energy management by storing surplus power, ensuring efficient energy use.

The solar power project, located in Tehsil Bap, District Phalodi, Rajasthan, is set to supply 40 MWp of solar power to JK Cement’s Gotan plant. This initiative is part of a Power Purchase Agreement with Truere Current and Oriana.

The transaction was conducted at arm’s length, with no related party interests involved. JK Cement’s investment is a cash consideration, with no share swap involved.

Truere Current, incorporated on 15 April 2024, reported a net worth of ₹35.93 crore as of 31 March 2025, despite having a turnover of nil and a loss of ₹0.37 crore.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

JK Cement invests Rs 4.22 crore in Truere Guj SPV for renewable energy expansion

Kinjal — Mon, 27 Apr 2026 13:11:16 +0000

JK Cement has made a strategic investment in Truere Guj SPV Private Limited, acquiring 32,76,000 equity shares at a total cost of ₹4,22,21,400. This investment represents a 26% stake in the SPV, aligning with JK Cement‘s renewable energy strategy.

The investment was executed through a Share Subscription and Shareholders’ Agreement, with each share having a face value of ₹10 and a premium of approximately ₹2.88. The transaction, confirmed on April 27, 2026, is a cash consideration and does not involve any related party transactions.

Truere Guj SPV operates in the renewable energy sector, focusing on setting up, generating, and distributing power from renewable sources in India. The SPV is currently working on a project to establish a 70 MWp solar power plant in Rajasthan, in collaboration with Oriana Power Limited. This facility is expected to supply solar power to JK Cement’s Nimbahera plant.

Financially, Truere Guj SPV reported a net worth of ₹69.08 crore as of March 2025, with no turnover and a loss of ₹0.48 crore. The SPV was incorporated in January 2024 and is based in Uttar Pradesh.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Oriana Power signs Rs 3,135 crore green ammonia agreement with SECI

Kinjal — Wed, 01 Apr 2026 11:29:00 +0000

TrueRE Oriana Power, a leading renewable energy company in India, has entered into a significant Green Ammonia Purchase Agreement (GAPA) with the Solar Energy Corporation of India (SECI). The agreement involves a contracted supply of 60,000 tonnes per annum at a discovered price of ₹52.25 per kg, culminating in a total contract value of approximately ₹3,135 crore over a decade. This agreement is part of the National Green Hydrogen Mission.

The corresponding Green Ammonia Sale Agreement (GASA) has also been executed between SECI and Madhya Bharat Agro Products Limited, the end-off taker. TrueRE Oriana Power received the Letter of Award (LoA) for this project in August 2025 under the Strategic Interventions for Green Hydrogen Transition (SIGHT) programme. The formal agreement was signed on March 30, 2026, at a ceremony at Atal Akshay Urja Bhawan, New Delhi, attended by notable figures including Shri Pralhad Joshi, Union Minister for New and Renewable Energy, and Shri J. P. Nadda, Union Minister for Chemicals and Fertilizers.

The project, located in Sagar, Madhya Pradesh, will be developed by TrueRE Oriana Power, which will oversee the entire execution process, including development, approvals, and land-related clearances. Mr Anirudh Saraswat, Founder and CBO of TrueRE Oriana Power, highlighted the importance of this agreement in translating policy into action, emphasising the role of long-term offtake visibility in scaling green hydrogen and its derivatives.

This initiative is set to enhance India’s energy security by reducing reliance on imported fossil-based feedstocks, particularly in sectors like fertilisers. TrueRE Oriana Power continues to expand its energy portfolio, reinforcing its position as a key player in India’s clean energy transition.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

This article is written by Kinjal and reviewed by News Desk before publication.

Oriana Power secures ₹162.68 crore EPC contracts for solar projects

Yash Agarwal — Wed, 25 Mar 2026 03:49:04 +0000

Oriana Power has announced the receipt of three separate EPC orders, totalling ₹162.68 crore, for the establishment of solar power projects with Battery Energy Storage Systems (BESS). These projects, located in Jodhpur, Rajasthan, will have a combined capacity of 32 MW of solar power and 20 MWh of BESS.

The contracts were awarded by three different entities: Kesari Alloys Private Limited, Ramayna Ispat Private Limited, and Duggar Fiber Private Limited. The scope of work includes the design, supply, installation, testing, and commissioning of the solar power projects, along with Operation and Maintenance (O&M) services for a period of two years.

The EPC contract for Kesari Alloys Private Limited involves a 16 MW solar project with a 10 MWh BESS capacity, valued at ₹74.34 crore. The O&M contract for this project is valued at ₹50 lakh. Ramayna Ispat Private Limited and Duggar Fiber Private Limited have each awarded contracts for 8 MW solar projects with 5 MWh BESS capacities, each valued at ₹44.17 crore. The O&M contracts for these projects are valued at ₹25 lakh each.

These contracts are significant for Oriana Power as they represent a substantial addition to the company’s portfolio in the renewable energy sector. The projects are expected to enhance the company’s capabilities in delivering integrated solar power solutions with advanced storage technologies.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

This article is written by Yash Agarwal and reviewed by Aman Shukla before publication.

Oriana Power incorporates subsidiary Prime Energy Solutions with Rs 1 lakh capital

Business Desk — Fri, 13 Mar 2026 08:33:15 +0000

Oriana Power Limited has announced the incorporation of a new wholly-owned subsidiary, Prime Energy Solutions Private Limited, with an authorised capital of ₹1 lakh. The subsidiary was officially registered on 12 March 2026, as confirmed by the Ministry of Corporate Affairs.

Prime Energy Solutions is set to operate within the power generation sector, focusing on both conventional and non-conventional energy sources. The company aims to engage in various activities including the generation, distribution, and supply of electric power to public and private entities. It will also provide consultancy services in power project operations and maintenance.

The subsidiary’s objectives extend to the research, development, and commercialisation of renewable and sustainable fuels, such as hydrogen and green ammonia. It plans to engage in manufacturing, production, and distribution activities related to these energy solutions, alongside offering consulting services globally.

Prime Energy Solutions is classified as a related party to Oriana Power Limited due to its status as a wholly-owned subsidiary.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

This article is written by Business Desk and reviewed by Aditya Bhagchandani before publication.

Oriana Power incorporates Brightera Solar as wholly owned subsidiary

Business Desk — Thu, 12 Mar 2026 08:30:13 +0000

Oriana Power Limited has announced the incorporation of Brightera Solar Private Limited as its wholly owned subsidiary, effective 11 March 2026. The new entity, authorised with a capital of ₹1 lakh, is set to focus on power generation and related services.

Brightera Solar, incorporated in India, will engage in generating electric energy and providing consultancy services in power projects. It aims to handle operations, maintenance, and distribution of power, alongside dealing in electrical appliances and solar energy products. The subsidiary is yet to commence business operations, with its turnover currently at nil.

Oriana Power Limited holds 100% of the share capital in Brightera Solar, with the acquisition being a related party transaction. The nature of consideration for the acquisition is cash.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

This article is written by Business Desk and reviewed by Aman Shukla before publication.

Oriana Power wins Rs 212 crore order from KPTCL for 50 MW/100 MWh battery storage project in Karnataka

Aman Shukla — Mon, 14 Jul 2025 04:32:27 +0000

Oriana Power Ltd has received a significant Letter of Award (LOA) from Karnataka Power Transmission Corporation Limited (KPTCL) to set up a standalone Battery Energy Storage System (BESS) project with a cumulative capacity of 50 MW/100 MWh. The project, located at the Shahapur Taluk Yadagir substation in Karnataka, will be implemented under the Build-Own-Operate (BOO) model.

This ₹212.31 crore project (inclusive of GST) will be executed over a 12-year period from its scheduled commissioning date. Oriana Power is expected to complete the project within 15 months of signing the Battery Energy Storage Purchase Agreement (BESPA). It will also receive a Viability Gap Funding (VGF) of ₹27 crore, based on the current estimated project cost.

The BESS installation is designed for two-cycle daily charge-discharge operations and will help enhance grid stability, reduce blackout risks, and improve power efficiency in the region. The contract was awarded through a tariff-based competitive bidding process.

This project marks a key step in Oriana Power’s expansion into India’s clean energy storage segment and reflects its commitment to sustainable power solutions.

Oriana Power signs MoU with Assam government for Rs 500 crore renewable energy project

Aman Shukla — Fri, 28 Feb 2025 04:16:42 +0000

Oriana Power Limited has signed a Memorandum of Understanding (MoU) with the New and Renewable Energy Department, Government of Assam, during the Investment and Infrastructure Summit 2025 in Guwahati. This partnership aims to drive renewable energy adoption in the state, reinforcing India’s commitment to sustainability.

As part of this strategic agreement, Oriana Power will invest ₹500 crore to develop solar and battery energy storage systems (BESS) projects in Assam’s Kamrup district. These projects will enhance the state’s energy security, promote green energy solutions, and contribute to India’s clean energy transition.

The MoU aligns with Assam’s renewable energy goals, encouraging investment in sustainable infrastructure. While this agreement marks a significant step, further regulatory approvals and formal contracts will be pursued before project implementation.

Oriana Power bags Rs 59 crore contract for Compressed Bio Gas plant in Uttar Pradesh

Aman Shukla — Tue, 21 Jan 2025 16:37:05 +0000

Oriana Power Limited, one of the leaders in renewable energy solutions, has recently informed exchanges that the company bagged a major contract to develop a state-of-the-art Compressed Bio Gas (CBG) plant in Prayagraj, Uttar Pradesh.

The project, valued at ₹59 crore, is set to produce 21 tons of CBG daily, reinforcing the company’s commitment to advancing sustainable and green energy initiatives.

In the exchange filing, Oriana Power shared, “We are pleased to announce that company has secured a significant contract to develop a Compressed Bio Gas (CBG) plant in Uttar Pradesh, with a daily production capacity of 21 tons. This project, valued at ₹59 crore, further strengthens Oriana Power’s position in the renewable energy sector and demonstrates our ongoing commitment to advancing sustainable energy solutions.”

Project Highlights:

Entity Awarding the Contract: Renewable Energy Developer, Prayagraj, Uttar Pradesh.
Nature of the Order: Commercial Order awarded by a domestic entity.
Scope of Work: Oriana Power will oversee the project development as per the agreed terms.
Project Timeline: The plant is scheduled for completion within 12 months.
Project Value: ₹59 crore.

Oriana Power secures major order worth Rs 38.40 crore for 9 MW hybrid renewable power plant

Aman Shukla — Mon, 20 Jan 2025 14:16:15 +0000

Oriana Power Limited, a leading player in the renewable energy sector, has successfully secured a new order valued at ₹38.40 Crores. This significant order pertains to the development of a state-of-the-art Hybrid Renewable Power Generating Plant featuring Solar Power and Containerized Battery Energy Storage Systems (BESS). The plant, with a capacity of 9 MW and 903 kWh, will be developed under the Engineering, Procurement, and Commissioning (EPC) segment.

In the exchange filing, the company shared, “Oriana Power Limited has secured a new order valued at Rs 38.40 Crores. This order is for the development of a Hybrid renewable power generating plant (Solar & Containerized BESS) with a capacity of 9 MW and 903 kWh, under the Engineering, Procurement, and Commissioning (EPC) segment.”

Key Highlights of the New Order:

Project Name: Hybrid Renewable Power Plant
Capacity: 9 MW Solar Power and 903 kWh BESS
Location: Rajasthan
Technology: Solar Power & Containerized BESS
Area: Ground Mounted
Order Value: ₹38.40 Crores

Oriana Power stock jumps 7% after signing MoU with Rajasthan Government

Aman Shukla — Tue, 17 Dec 2024 04:43:11 +0000

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.

Oriana Power signs MoU with Rajasthan government for renewable energy projects worth Rs 10,000 crore

Aditya Bhagchandani — Mon, 16 Dec 2024 13:18:59 +0000

Oriana Power Limited has signed a Memorandum of Understanding (MoU) with the Government of Rajasthan under the “Rising Rajasthan 2024” initiative. The agreement aims to explore investment opportunities in renewable energy projects, including solar power, floating solar, green hydrogen, and energy storage solutions, with a total potential value of ₹10,000 crore.

Key Highlights of the MoU:

Scope: Investment in renewable energy infrastructure projects such as solar power, green hydrogen, and energy storage.
Timeline: Initial discussions began in November 2024, and the MoU was formally signed on December 4, 2024.
Impact: The collaboration is expected to support India’s clean energy goals and establish Oriana Power as a leader in renewable energy infrastructure.

Oriana Power clarified that the MoU represents a preliminary framework for collaboration and does not immediately commit to definitive financial investments or project execution. The company assured stakeholders that all material information has been disclosed in compliance with SEBI regulations.

The financial and operational impact will be updated as project milestones are achieved.

Oriana Power predicts 1st IPO could generate up to Rs. 60 crore

Avinash Ram — Fri, 14 Jul 2023 11:45:05 +0000

According to Oriana Power’s CEO Rupal Gupta, the company intends to launch an Initial Public Offering (IPO) by the end of this month or in the first week of August to raise up to Rs 60 crore. Gupta stated during a press conference that the funds would be used for working capital, asset development, and technological advancement. For the purpose of listing shares on NSE Emerge, the Draft Red Herring Prospectus (DRHP) has been submitted. The IPO is anticipated to go public by the end of this month or the first week of August, according to Gupta. The IPO is anticipated to go public by the end of this month or the first week of August, according to Gupta.

We hope to generate about Rs 55–60 crore through the IPO, he continued. According to the DRHP, the three promoters—Rupal Gupta, Anirudh Saraswat, and Praveen Kumar—hold 83.40 percent of the company at this time. After the issuance, the promoters’ ownership in the company will fall to 61.41 percent. According to the DRHP, the three promoters—Rupal Gupta, Anirudh Saraswat, and Praveen Kumar—hold 83.40 percent of the company at this time. After the issuance, the promoters’ ownership in the company will fall to 61.41 percent.

Noida-based For its industrial and commercial clients, Oriana Power is a top provider of solar energy solutions.