With a return of 750%, this multibagger solar share made investors rich, know the complete details.

This Multibagger Solar Share Made Investors Rich

India’s leading solar company, Oriana Power Limited, has recently secured a significant contract valued at ₹83.56 crore from NTPC-Vidyut Vyapar Nigam Limited. The project, which involves the development of a 19.26 MW solar energy plant under the EPC model, will enhance Oriana Power’s footprint in the domestic solar energy sector. The company is expected to complete the project within eight months, providing a range of services from engineering to ongoing maintenance.

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In addition to the recent contract, Oriana Power has launched a subsidiary named Imperial Solar Private Limited, focusing on various sectors within the power industry, including project engineering and consultancy. This new unit aims to diversify Oriana Power’s offerings, tapping into both conventional power and solar energy solutions.

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Oriana Power is recognized for its expertise in solar energy solutions, operating under two primary business models: Capex and RESCO. The company’s innovative approaches have led to significant financial advancements, including a market capitalization increase to ₹4,390 crore and impressive returns on equity, making it an attractive option for investors.

Financial Performance

Oriana Power has demonstrated remarkable financial health, with a reduction in debtor days and working capital requirements. Its shares have surged over 750% from their 52-week low, making it a multibagger stock. Investors are encouraged to monitor Oriana Power for potential profitability in the long run.