Under the Rising Rajasthan 2024 initiative, Oriana Power is set to explore investment opportunities in renewable energy projects. These include solar power, floating solar, green hydrogen and energy storage solutions, amounting to INR 10,000 crore.

Dec 17, 2024

Oriana Power signed a memorandum of understanding (MoU) with the Government of Rajasthan under the “Rising Rajasthan 2024” initiative to explore investment opportunities in renewable energy projects.

These include solar power, floating solar, green hydrogen and energy storage solutions, amounting to INR 10,000 crore.

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According to the company’s exchange filing, this aligns with their strategic vision to contribute to India’s renewable energy goals and establish Oriana Power as a leader in clean energy infrastructure.

The company further stated that the MoU represents a major step in advancing Oriana Power’s renewable energy initiatives, focusing on technologies such as green hydrogen and energy storage solutions.

The company’s operational efficiency is reflected in its Ebitda, which grew 6.5 times to INR 78.40 crore from INR 12.07 crore in H1 FY24.

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The company has 518+ MW of projects under execution and a pipeline of over 1,500+ MW. Key projects include the development of a 100 MW Solar Park in Haryana, strategic partnerships in green hydrogen electrolyser manufacturing and innovative solar installations across India. The company has a total market capitalization of INR 5,324.63 crore.