Small-cap stock jumps 5% on receiving project worth ₹465 crore from NTPC arm
Oriana Power said it has received Letter of Award (LOA) from NTPC Vidyut Vyapar Nigam Ltd (NVVN) for setting up of 125 MW/ 250 MWH standalone Battery Energy Storage Systems (BESS) at location provided at Giral Sub-Station in the state of Rajasthan with a Viability Gap Funding (VGF).
'The initiative of BESS will improve grid stability by balancing supply and demand, reducing the risk of blackouts, and enhancing overall grid efficiency. The project will be executed under the build-own-operate (BOO) model,' Oriana Power said in a regulatory filing on July 7.
The broad consideration or size of the contract is ₹ 465.15 crore over a period of 12 years from the Scheduled Commissioning Date of the Project. The time period by which the contract is to be executed is 18 months from the effective date of Battery Energy Storage Purchase Agreement (BESPA), the company added.
NTPC Vidyut Vyapar Nigam Ltd. (NVVN) was formed by NTPC in the year 2002, as its wholly owned subsidiary.
Oriana Power shares are listed on NSE Emerge, a platform for SME companies.
Oriana Power share price has fallen 4.3% in one month, and has declined 4% on a year-to-date (YTD) basis. The SME stock has dropped 13% in the past one year.
At 10:30 AM, Oriana Power share price was trading 4.92% higher at ₹ 2,195 apiece on the NSE.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
40 minutes ago
- Economic Times
Shanti Gold International IPO opens for subscription with healthy GMP. Should you subscribe?
Live Events Should you subscribe? (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The Rs 360-crore IPO of Shanti Gold International opened for subscription on Friday in the price band of Rs 189–199 per share. The offer comprises a pure fresh issue of 1.81 crore equity shares and will close on July 29. The company is expected to list on the BSE and NSE on August grey market premium (GMP) for the IPO is currently hovering around Rs 40, indicating a 20% listing gain Gold International, a Mumbai-based manufacturer of 22kt CZ casting gold jewellery, operates primarily on a B2B model and caters to large retail chains including Joyalukkas, Lalithaa Jewellery Mart and designs are sold across southern India, which currently contributes more than 70% of revenue. The firm plans to expand into North India with a new 1,200 kg manufacturing unit in Jaipur — a strategic move to enter the plain jewellery the company has shown robust growth. Revenue rose from Rs 679 crore in FY23 to Rs 1,106 crore in FY25, while net profit surged from Rs 19.8 crore to Rs 55.8 crore during the same period, reflecting a strong CAGR of 68%.EBITDA margins have expanded steadily to 8.83%, and the return on equity (RoE) stood at a healthy 44.85% in FY25. The IPO values the company at a post-issue P/E of 19x, which is at a discount to the industry average of 23x. However, the price-to-book valuation at 7x appears slightly stretched compared to listed have recommended subscribing to the issue, citing strong financials, margin expansion, and a clear strategy to diversify its product mix and regional footprint."The company's robust relationships with marquee jewellers, expanding design capabilities (over 400 designs/month), and controlled in-house manufacturing give it scale and brand trust in the B2B jewellery segment," said Canara Bank risks such as customer and regional concentration exist, the growth momentum and business fundamentals remain attractive.
Hans India
40 minutes ago
- Hans India
Retail investor base of NSE increases to 1.46 lakh
New Delhi: About 1.46 lakh retail investors now hold National Stock Exchange (NSE) shares in the grey (unlisted) market, a record for any Indian June quarter of FY26 saw investors lapping up more NSE shares in anticipation that the stock exchange is gearing up for an initial public offering (IPO) of its shares soon. Interestingly, retail investors' appetite remains strong despite a significant increase in share prices. As many as 1.46 lakh investors hold positions in NSE shares, worth less than Rs 2 number surged four-fold from 33,896 investors in the previous quarter. Conversely, 343 investors hold shares worth more than Rs 2 lakh, which is down from 354 in the previous quarter, according to the NSE website. With this, investors with more than 2 lakh worth of NSE shares now hold 11.81 per cent of the total NSE share supply. This percentage is up from 9.89 percent in the previous quarter. Investors who owned shares worth less than Rs 2 lakh saw a small drop in their total ownership. Their stake went down from 9.84 per cent (23.86 crore shares) to 9.52 per cent (23.56 crore shares). This surge in retail participation rapidly expanded NSE's overall investor base, which now exceeds 1.59 lakh shareholders — up sharply from 39,201 in the previous quarter, making NSE India's largest unlisted company by shareholder count. Due to the surge in retail demand, NSE's unlisted share price rose over 36 per cent, from Rs 1,650 in April 2025 to its current price of Rs 2,225 per share. If NSE, which has an unlisted market cap size of 5.7 lakh crore, was listed, its market valuation would be 8th or 9th in the Nifty 50.
Hans India
40 minutes ago
- Hans India
NTPC plans Rs 18,000 cr via NCDs
New Delhi: State-owned NTPC on Thursday said it has received shareholders' approval to raise up to Rs 18,000 crore through issue of non-convertible debentures on a private placement basis. The fund will be raised in up to 12 tranches, through a private placement during the period commencing from the date of passing of the special resolution till completion of one year thereof, according to a regulatory filing. NTPC had issued a notice of postal ballot on June 23, 2025, to seek approval of the members by way of special resolution through remote e-voting regarding raising of funds through the issue of secured/ unsecured, redeemable, taxable/tax-free, cumulative/non-cumulative, non-convertible debentures (NCDs), amounting up to Rs 18,000 crore. The said resolution has been passed with the requisite majority, the filing said on Thursday. On June 21, the company's board of directors considered and approved the draft notice of postal ballot in respect of seeking shareholders' approval for the issue of these NCDs.
