Oriana Power H1 revenue up 461%, PAT up 748%

Share

Oriana Power has reported revenues of INR 359.54 crore and net profit of INR 48.57 crore during the half-year ended September 30, 2024.

Oriana Power has reported revenues of INR 359.54 crore during the half-year ended September 30, 2024, an increase of 461% compared to INR 64.05 crore in the corresponding period of the previous year. Profit after tax was INR 48.57 crore, 748% up as against INR 5.73 crore in the corresponding period of the previous year.

Oriana Power, with a growing presence in the EPC and RESCO segments, has projects under construction over 500+ MW and a business pipeline of over 1500+ MW. The company has completed and delivered projects of more than 50 MW, and targets 500 MW operational capacity by 2026, with an additional 500 MW planned for 2027. It has signed an MoU with a hydrogen off-taker for 100% of the green hydrogen production, amounting to 350 kg of hydrogen per day. The company is in an advanced stage of discussions with off-takers in US and Europe for e-Methanol and green ammonia.

 

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Popular content

INOXGFL Group enters solar manufacturing
11 December 2024 INOX Solar, an INOXGFL Group promoter-owned company, targets initial manufacturing capacities of 5 GW of solar modules and 2.5 GW of solar cells by 20...