ORIANA
Oriana Power Limited
NSEFiling History
Recent corporate announcements and filings for ORIANA
Governance
Positive
2026-07-13 16:40
- The Board of Directors of Oriana Power Limited approved a sub-division/split of existing equity shares.- Each equity share with a face value of ₹10 will be sub-divided into five equity shares with a face value of ₹2 each.- This split is aimed at enhancing liquidity and encouraging participation from small investors.- The action is subject to shareholder approval and will involve an alteration to the Capital Clause of the Memorandum of Association.- The expected time of completion is within two months from the date of shareholders' approval.
Governance
Positive
2026-07-13 16:20
- Board approved 1:5 stock split, changing face value from ₹10 to ₹2 per share.
- Aims to enhance liquidity and encourage small investor participation.
- Subject to shareholder approval, expected completion within two months of approval.
Ownership
Positive
2026-07-13 16:14
- Board approved a 1:5 stock split: each existing equity share of face value Rs. 10 will be subdivided into 5 equity shares of Rs. 2 each.
- The split aims to enhance liquidity and encourage participation from small investors.
- Subject to shareholder approval, with completion expected within two months of approval.
Business Update
Neutral
2026-06-30 18:45
- Oriana Power Limited issued a Postal Ballot Notice seeking shareholder approval for:
- Divestment of 74% stake in Truere Guj SPV Private Limited for ₹123.39 Cr.
- Divestment of 74% stake in Truere Current Private Limited for ₹70.51 Cr.
- Material related party transactions with Sunpulse Power (up to ₹175.75 Cr) and Dynospark Private (up to ₹498.70 Cr).
- Remote e-voting period: July 1, 2026 - July 30, 2026.
Business Update
Positive
2026-06-30 17:42
- Oriana Power Limited updated on the proposed sale of its 74% equity stake in subsidiaries to Leo Energies Private Limited.
- The Board approved an amendment agreement, positively revising the divestment terms.
- The Enterprise Value for two subsidiaries (Truere Guj SPV Private Limited and Truere Current Private Limited) increased from ₹414.30 Cr to ₹488.70 Cr.
- Consideration includes ₹123.39 Cr and ₹70.51 Cr, with completion expected within 3 months, pending shareholder approval.
Ownership
Neutral
2026-06-26 22:00
- Promoters created a Non-Disposal Undertaking (NDU) for 52,82,979 equity shares (26.00% of paid-up capital) in favor of Catalyst Trusteeship Limited.
- The NDU is not a pledge and aligns with promoters' long-term commitment.
Business Update
Positive
2026-06-24 13:20
- CRISIL Limited reaffirmed the Long Term Rating at Crisil A-/Stable and Short Term Rating at Crisil A2+ for Oriana Power Limited.
- Total Bank Loan Facilities were enhanced to ₹800 Crore from ₹600 Crore.
- A Crisil A-/Stable rating was assigned to ₹200 Crore Non-Convertible Debentures, acknowledging the company's operational effectiveness and financial prudence.
Financials
Positive
2026-06-24 11:58
- CRISIL Limited reaffirmed existing ratings and assigned a new rating for Non-Convertible Debentures (NCDs).
- Total Bank Loan Facilities rated at Rs.800 Crore, enhanced from Rs.600 Crore, and reaffirmed at Crisil A-/Stable.
- Short Term Rating reaffirmed at Crisil A2+.
- Rs.200 Crore NCDs assigned Crisil A-/Stable.
- The outlook for the ratings is 'Stable'.
Business Update
Positive
2026-06-18 11:19
- Oriana Power Limited certified as a 'Great Place To Work®' by Great Place To Work®, India.
- The certification is valid from June 2026 to June 2027 for Mid-Size Organizations.
Business Update
Neutral
2026-06-17 21:51
CRITICAL RED FLAG DETECTED
- FY26 saw consolidated revenue grow 84% to INR 1,814 Cr, EBITDA grow 73% to INR 425 Cr, and PAT increase 59% to INR 250 Cr, despite a shortfall from original expectations and deferment of the Actis deal due to external factors and strategic realignments.
- Management revised guidance for FY27 and FY28, targeting ~40-50% CAGR in revenue and PAT, with a potential for ~70% if market conditions are favorable.
- The company maintains a strong order book of ~INR 7,000 Cr for the next two years, including over 2.5 GWp solar and 1,500 MWp Battery Energy Storage Systems (BESS) projects in the pipeline.
- The Actis asset monetization deal (238 MWp) was deferred to H1 FY27, with an increased deal size expected. Oriana plans to monetize 200 MWp of assets semi-annually for FY27 and FY28.
- Secured a ~INR 3,000 Cr green ammonia project for 60 KTPA supply starting FY28, expected to contribute 10% to total revenue by FY28. Plans for a Giga electrolyzer factory have been postponed.
- Oriana is transforming into an AI-driven, integrated clean energy platform spanning generation, storage, and consumption, and aims for migration from the SME platform to the main board.
Business Update
Neutral
2026-06-11 13:57
- Submission of video recording for the Analyst/Investor Meet held on June 10, 2026.
- The recording is available on the Company's website.
Business Update
Neutral
2026-06-10 18:35
- Oriana Power Limited submitted the audio recording of the Analyst/Investor Meet held on June 10, 2026.
- The recording is accessible at https://bit.ly/4fxxbbG.
Business Update
Positive
2026-06-10 12:10
- Reported strong FY26 consolidated performance: Revenue from operations ₹1,813.67 Cr (▲83.7% YoY), PAT ₹252.34 Cr (▲59.1% YoY), and EBITDA ₹425.37 Cr (▲73.4% YoY).
- Key operational achievements include 2,500+ MW solar and 3,000+ MWh BESS capacity in pipeline, alongside a 60,000 MTPA Green Ammonia Agreement.
Business Update
Neutral
2026-06-06 18:59
- Concall Schedule
- Meeting Date: June 10, 2026
- Meeting Time: 01:00 P.M - 2:00 P.M. (IST)
- Meeting Type: Virtual Analysts/Investors Meet
Routine
Positive
2026-05-30 16:58
Oriana Power Limited submitted the Structured Digital Database (SDD) Compliance Certificate for the financial year 2025-26. The certificate, issued by M/s Surya Gupta & Associates on May 30, 2026, confirms the company's adherence to SEBI (Prohibition of Insider Trading) Regulations, 2015, with no non-compliance observed regarding the maintenance of the SDD.
Financials
Positive
2026-05-29 04:38
CRITICAL RED FLAG DETECTED
Oriana Power Limited reported strong consolidated financial results for FY26. Revenue from operations increased to ₹1,813.67 Cr from ₹987.17 Cr, marking an 83.7% YoY growth. EBITDA grew by 73.4% YoY to ₹425.37 Cr from ₹245.39 Cr. Net Profit (PAT) rose 59.1% YoY to ₹252.34 Cr from ₹158.57 Cr. EBITDA Margin contracted slightly from 24.86% to 23.45% (▼141bps). The company also announced a credit rating upgrade to A-/Stable and several new projects, partnerships, and strategic initiatives in energy generation and storage.
Governance
Neutral
2026-05-29 01:24
Oriana Power Limited's Board of Directors, at its meeting on May 28, 2026, approved the re-appointment of M/s. MVM Jain & Associates, Chartered Accountants, as the Internal Auditors for the Financial Year 2026-27.
Business Update
Positive
2026-05-29 01:08
Oriana Power Limited's Board approved the sale of its entire stake (74% share capital) in certain solar asset subsidiaries to Helioact Power India 1 Private Limited, a group entity of Actis GP LLP. The aggregate estimated enterprise value is INR 954,00,00,000/- (Rupees Nine Hundred Fifty-Four Crore Only). The transaction, approved on May 28, 2026, is subject to regulatory and shareholder approvals and is expected to complete within 180 days.
Business Update
Positive
2026-05-28 23:45
Oriana Power Limited's Board noted a proposal on May 28, 2026, to divest up to 74% stake in certain subsidiaries as a capital re-cycling strategy for organic and inorganic growth. The company has received a draft binding offer for an aggregate base purchase consideration of up to ₹154.99 crores. The final agreement is currently under negotiation, and further details will be disclosed upon signing.
Financials
Positive
2026-05-28 22:56
Consolidated Revenue ₹1,81,367.23 Lakhs vs ₹98,716.60 Lakhs (▲83.72% YoY), EBITDA ₹39,702.25 Lakhs vs ₹23,449.24 Lakhs (▲69.31% YoY), PAT ₹25,233.88 Lakhs vs ₹15,856.86 Lakhs (▲59.14% YoY). EBITDA Margin 21.89% vs 23.75% (▼186bps).
Business Update
Positive
2026-05-20 15:23
Oriana Power Limited has incorporated ECOHYDROGEN PRIVATE LIMITED as a new wholly-owned step-down subsidiary on May 20, 2026. The new entity, with an authorized capital of ₹100,000, is established to engage in the generation of power and electric energy, signifying an expansion into the energy sector.
Business Update
Positive
2026-05-20 15:23
Oriana Power Limited announced the incorporation of BESSCORE STORAGE PRIVATE LIMITED as its wholly-owned step-down subsidiary. The new entity, incorporated on May 19, 2026, has an authorized capital of ₹1 lakh and will focus on the generation of power and electric energy.
Business Update
Positive
2026-05-20 15:23
Oriana Power Limited announced the incorporation of HYDROGEN SOLUTIONS PRIVATE LIMITED as a wholly-owned step-down subsidiary on May 20, 2026. The new entity, operating in the generation of power and electric energy, is a wholly-owned subsidiary of OPL Hydrogen Services Private Limited, which in turn is a wholly-owned subsidiary of Oriana Power Limited. The acquisition was for cash consideration at par. The company is yet to commence business operations.
Business Update
Positive
2026-05-19 20:35
Oriana Power Limited has incorporated FUTUREBESS STORAGE PRIVATE LIMITED as a wholly-owned step-down subsidiary on May 19, 2026. The new subsidiary, with an authorized capital of Rs. 100,000, is established to engage in the generation of power and electric energy and is yet to commence business operations.
Business Update
Positive
2026-05-19 20:32
Oriana Power Limited announced the incorporation of SOLAREDGE ENERGY PRIVATE LIMITED as its wholly-owned step-down subsidiary, effective May 14, 2026. The new entity, with an authorized capital of ₹1 lakh, is established for the generation of power and electric energy, signaling the company's expansion in its core business sector.
Business Update
Positive
2026-05-19 20:32
Oriana Power Limited has announced the incorporation of a new step-down subsidiary named SOLARTECH ENERGY PRIVATE LIMITED on May 14, 2026. This entity is a wholly-owned subsidiary of OPL Solar Services Private Limited, which is itself a wholly-owned subsidiary of Oriana Power Limited. The new subsidiary's authorized capital is ₹100,000 and its line of business is the generation of power or electric energy. It is yet to commence business operations.
Governance
Positive
2026-04-28 17:50
Oriana Power Limited declared the results of its Postal Ballot. Thirteen resolutions, primarily concerning Material Related Party Transactions, were approved by shareholders with the requisite majority. The e-voting concluded on April 24, 2026.
Business Update
Positive
2026-04-27 22:00
Oriana Power Limited invested ₹80.11 Cr to acquire 62,16,000 shares in its subsidiary, Truere Current Private Limited, via a Rights Issue. This investment supports the development of a Battery Energy Storage System (BESS) for solar power plants, enhancing efficient energy management.
Business Update
Positive
2026-04-24 21:23
Oriana Power Limited acquired 9,324,000 equity shares of its subsidiary, Truere Guj SPV Private Limited, for ₹12,01,68,600 through a Rights Issue. This investment supports the development of a Battery Energy Storage System for a solar power plant, enhancing the company's renewable energy capacity.
Business Update
Positive
2026-04-18 17:14
Oriana Power Limited announced the incorporation of EVERCORE PROJECTS PRIVATE LIMITED as a wholly-owned subsidiary on April 07, 2026. The new subsidiary will focus on power generation, EPC, O&M, and other activities related to electric energy, including conventional and non-conventional sources.
Business Update
Positive
2026-04-18 17:14
Oriana Power Limited announced the incorporation of POWERAXIS SERVICES PRIVATE LIMITED as a wholly-owned subsidiary on April 07, 2026. This new entity will focus on generation, EPC, and maintenance of power projects across conventional and non-conventional energy sources.
Business Update
Positive
2026-04-18 17:14
Oriana Power Limited has incorporated BLUEPLANET ENERGY PRIVATE LIMITED as a wholly-owned subsidiary. The new entity, incorporated on April 07, 2026, will focus on power generation, EPC, and operation & maintenance of power projects, with nil turnover currently.
Business Update
Positive
2026-04-18 17:14
Oriana Power Limited incorporated COREGRID PROJECTS PRIVATE LIMITED as a wholly-owned subsidiary on April 07, 2026. The new subsidiary, with an authorized capital of Rs. 1 lakh, will focus on power generation, EPC of power projects, and operation & maintenance services.
Business Update
Positive
2026-04-18 17:14
Oriana Power Limited incorporated NOVAGRID ENERGY PRIVATE LIMITED as a wholly-owned subsidiary on April 07, 2026. The new entity, with an authorized capital of ₹100,000, will focus on generation of power, EPC of power projects, and operation & maintenance, expanding Oriana Power's presence in the energy sector.