Oriana Power has secured three separate engineering, procurement, and construction (EPC) contracts to set up solar power projects with integrated battery energy storage systems (BESS), totaling 32 MW of solar capacity and 20 MWh of storage capacity.

The projects have been awarded by three domestic entities, Kesari Alloys, Ramayna Ispat, and Duggar Fiber, and are located in Jodhpur, Rajasthan.

The total contract value of these EPC orders stands at ₹1.62 billion (~$17.27 million) while the aggregate operation and maintenance (O&M) contract value is ₹10 million (~$106,600).

The contract from Kesari Alloys involves a 16 MW solar project with 10 MWh BESS, with an EPC value of ₹743.41 million (~$7.93 million) and an O&M value of ₹5 million (~$53,000) for two years.

The order from Ramayna Ispat covers an 8 MW solar project with 5 MWh BESS, with an EPC value of ₹441.7 million (~$4.71 million) and O&M value of ₹2.5 million (~$27,000).

Duggar Fiber has also awarded an 8 MW solar project with 5 MWh BESS, also with EPC and O&M values of ₹441.7 million (~$4.71 million) and ₹2.5 million (~$27,000), respectively.

The scope of work includes end-to-end execution comprising design, supply, installation, testing, and commissioning of the solar projects, along with O&M services for a period of two years.

Oriana Power has delivered over 400 MW solar projects cumulatively, including more than 200 MW in the financial year (FY) 2025, with over 550 MW under execution and 800 MW connectivity secured. The company is targeting 1 GW of installed solar capacity by FY 2026, 6 GW of EPC capacity, and 2.5 GW of IPP capacity by 2030.

In the BESS segment, Oriana Power secured over 400 MWh of projects in FY 2025 and is targeting over 1 GWh by FY 2026 and 3.5 GWh by FY 2030.

In green hydrogen and e-fuels, the company has a 10,000 MTPA allocation under the Strategic Interventions for Green Hydrogen Transition (SIGHT) program, a 60,000 TPA green ammonia supply agreement, and plans to scale electrolyzer manufacturing.

Earlier this year, Oriana Power approved the issue and allotment of non-convertible debentures (NCD) aggregating to ₹750 million (~$9.04 million). The company will issue 7,500 rated, unlisted, senior, secured, redeemable, and transferable NCDs, each having a face value of ₹100,000 (~$1,205).

Last August, the company won Solar Energy Corporation of India’s auction to supply 60,000 tons per annum of green ammonia under the SIGHT program (Mode-2A-Tranche-I).