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.
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The Wire
20 minutes ago
- The Wire
Embassy REIT Appoints Amit Shetty as Chief Executive Officer
Bengaluru, Karnataka, India – Business Wire India Embassy Office Parks REIT (NSE: EMBASSY / BSE: 542602) (Embassy REIT), India's first listed REIT and the largest office REIT in Asia by area, today announced the appointment of Amit Shetty as Chief Executive Officer, effective August 1, 2025. Amit is currently the Chief Operating Officer of Embassy REIT. He has played an instrumental role in building Embassy REIT's business into India's foremost commercial office enterprise. Amit joined Embassy REIT in 2021 from CBRE, where he spent 14 years. Ritwik Bhattacharjee, the current CEO, will serve as Senior Advisor to the REIT. Jitu Virwani, Chairman, Embassy Group, said, 'We thank Ritwik for leading the REIT as Interim CEO, and the role he's played in Embassy REIT's success over the years. After conducting a process with a global executive search firm, the Board of the Manager to Embassy REIT unanimously chose Amit Shetty to be Embassy REIT's CEO. With his pedigreed relationships with the leasing community and strong development and asset management capabilities, Amit will take the REIT to greater heights in this growth cycle for the Indian office market.' Amit Shetty said, 'I am really pleased to lead Embassy REIT at such an exciting time for our business. I am grateful to the Board of Directors for their trust in me, and I look forward to working closely with my colleagues to deliver sustained value to all our stakeholders. I also thank Ritwik for all his contributions to Embassy REIT. Our business is in great shape with strong fundamentals and demand drivers, and the outlook for the Indian office has never been brighter.' Bio | Amit Shetty As the Chief Operating Officer, Amit Shetty was responsible for Embassy REIT's leasing, capital projects, & operations functions. He brings over 20 years of experience in leading office leasing, asset sales, construction & operations management across India. Prior to joining Embassy REIT, Amit worked with Honeywell and CBRE where he held a variety of senior leadership roles and led some of the key corporate real estate developments in the country. About Embassy REIT Embassy REIT is India's first publicly listed Real Estate Investment Trust and the largest office REIT in Asia, by area. Embassy REIT owns and operates a 51.2 msf portfolio of 14 office parks in India's best-performing office markets of Bengaluru, Mumbai, Pune, the National Capital Region ('NCR') and Chennai. Embassy REIT's portfolio comprises 40.4 msf completed operating area and is home to 274 of the world's leading companies. The portfolio also comprises strategic amenities, including four operational business hotels, two under-construction hotels, and a 100 MW solar park supplying renewable energy to tenants. Embassy REIT's industry leading ESG program has received multiple accolades from renowned global institutions and was awarded a 5-star rating both from the British Safety Council and GRESB. Embassy REIT was included in the 2023 Dow Jones Sustainability Indices, making it the first REIT in India to be recognised for its sustainability initiatives by a leading global benchmark. For more information, please visit Disclaimer This press release is prepared for general information purposes only. The information contained herein is based on management information and estimates. It is only current as of its date, has not been independently verified and may be subject to change without notice. Embassy Office Parks Management Services Private Limited ('the Manager') in its capacity as the Manager of Embassy REIT, and Embassy REIT make no representation or warranty, express or implied, as to, and do not accept any responsibility or liability with respect to, the fairness and completeness of the content hereof. Each recipient will be solely responsible for its own investigation, assessment and analysis of the market and the market position of Embassy REIT. Embassy REIT does not provide any guarantee or assurance with respect to any distribution or the trading price of its units. This press release contains forward-looking statements based on the currently held beliefs, opinions and assumptions of the Manager. Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, financial condition, performance, or achievements of Embassy REIT or industry results to differ materially from the results, financial condition, performance or achievements expressed or implied by such forward-looking statements. Given these risks, recipients of this press release are cautioned not to place undue reliance on these forward-looking statements. The Manager disclaims any obligation to update these forward-looking statements to reflect future events or developments or the impact of events which cannot currently be ascertained. In addition to statements which are forward looking by reason of context, the words 'may', 'will', 'should', 'expects', 'plans', 'intends', 'anticipates', 'believes', 'estimates', 'predicts', 'potential' or 'continue' and similar expressions identify forward-looking statements. There can be no assurance that any potential opportunities will result in definitive transactions. This press release also contains certain financial measures (including guidance and proforma information) which are not measures determined based on GAAP, Ind-AS or any other internationally accepted accounting principles, and the recipient should not consider such items as an alternative to the historical financial results or other indicators of Embassy REIT's cash flow based on Ind-AS or IFRS. These non-GAAP financial measures, as defined by the Manager, may not be comparable to similarly titled measures as presented by other REITs due to differences in the way non-GAAP financial measures are calculated. Even though the non-GAAP financial measures are used by management to assess Embassy REIT's financial position, financial results and liquidity and these types of measures are commonly used by investors, they have important limitations as analytical tools, and the recipient should not consider them in isolation or as substitutes for analysis of Embassy REIT's financial position or results of operations as reported under Ind-AS or IFRS. Certain figures in this press release have been subject to rounding off adjustments. Actual legal entity name of occupiers may differ. (Disclaimer: The above press release comes to you under an arrangement with Business Wire India and PTI takes no editorial responsibility for the same.). PTI This is an auto-published feed from PTI with no editorial input from The Wire. This article went live on August first, two thousand twenty five, at twenty-three minutes past five in the morning.
The Wire
20 minutes ago
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Embassy REIT Leases Record 2.0 Million Square Feet in Q1 FY2026
Bengaluru, Karnataka, India – Business Wire India • 2.0 msf leased this quarter across 25 deals; highest-ever Q1 leasing • Chennai sees strong pre-leasing with over 500k square feet leased at Embassy Splendid TechZone • Revenue up 13% YoY to Rs. 1,060 crores; Net Operating Income rises 15% YoY to Rs. 872 crores • Raised Rs. 4,225 crores of debt at a blended coupon of 7.18% • Entered binding documents for divestment of ~376k square feet of two strata owned blocks at Embassy Manyata in Bengaluru Embassy Office Parks REIT (NSE: EMBASSY / BSE: 542602) ('Embassy REIT'), India's first listed REIT and the largest office REIT in Asia by area, reported results today for the first quarter ended June 30, 2025. Ritwik Bhattacharjee, Chief Executive Officer of Embassy REIT, said, 'We are delighted to report a strong start to FY2026, with 2.0 msf of leasing this quarter and growing momentum in Chennai. Our revenue grew 13% YoY, and distributions grew by 4% YoY, reflecting the continued strength of our portfolio. We also raised Rs. 4,225 crores of debt at a blended coupon of 7.18% to opportunistically take advantage of a favorable rate environment, and to position the REIT well for future growth opportunities.' The Board of Directors of Embassy Office Parks Management Services Private Limited ('EOPMSPL'), Manager to Embassy REIT, at its Board Meeting held earlier today, declared a distribution of Rs. 550 crores or Rs. 5.80 per unit for Q1 FY2026. The record date for the Q1 FY2026 distribution is August 05, 2025, and the distribution will be paid on or before August 12, 2025. Business Highlights • Leased 2.0 msf across 25 deals in Q1 FY2026, up 9% YoY. This includes ~1.0 msf of new leases, 360k sf of renewals and 665k sf of pre-leases • Strong pre-leasing activity led by Chennai, with over 500k sf pre-leased, including to a leading global healthcare company • Over 90% occupancy across all Bengaluru assets (75% of Gross Asset Value); 10 of 14 properties above 90%, including 6 at 100% occupancy. GCCs remain key drivers, contributing 64% of rentals Financial Highlights • Grew Revenue from Operations by 13% YoY to Rs. 1,060 crores and Net Operating Income (NOI) by 15% YoY to Rs. 872 crores • Delivered Distributions of Rs. 550 crores or Rs. 5.80 per unit, up 4% YoY • Raised Rs. 4,225 crores of debt at a blended coupon of 7.18%. This includes a Rs. 750 crore NCD issuance at a 6.97% coupon, which is the lowest rate achieved by the REIT in the last four years Operational & Growth Highlights • Entered binding documents for divestment of ~376k square feet of two strata owned blocks at Embassy Manyata in Bengaluru as part of strategic capital recycling • Received an invitation to offer from Embassy Developments Limited for a potential ~3.3 msf commercial project in Whitefield, Bengaluru; under evaluation per regulations and governance protocols • Current development pipeline of 6.1 msf in Bengaluru & Chennai, around 60% pre-leased, reflecting strong forward demand Investor Materials and Quarterly Investor Call Details Embassy REIT has released a package of information on the quarterly results and performance, that includes (i) standalone and consolidated financial results for the quarter ended June 30, 2025 (ii) an earnings presentation covering Q1 FY2026 results and, (iii) supplemental operating and financial data book that conforms with leading reporting practices across global REITs. All these materials are available in the Investors section of our website at Embassy REIT will host a conference call on July 31, 2025 at 18:00 hours Indian Standard Time to discuss the Q1 FY2026 results. A replay of the call will be available in the Investors section of our website at About Embassy REIT Embassy REIT is India's first publicly listed Real Estate Investment Trust and the largest office REIT in Asia, by area. Embassy REIT owns and operates a 51.2 msf portfolio of 14 office parks in India's best-performing office markets of Bengaluru, Mumbai, Pune, the National Capital Region ('NCR') and Chennai. Embassy REIT's portfolio comprises 40.4 msf completed operating area and is home to 274 of the world's leading companies. The portfolio also comprises strategic amenities, including four operational business hotels, two under-construction hotels, and a 100 MW solar park supplying renewable energy to tenants. Embassy REIT's industry leading ESG program has received multiple accolades from renowned global institutions and was awarded a 5-star rating both from the British Safety Council and GRESB. Embassy REIT was included in the 2023 Dow Jones Sustainability Indices, making it the first REIT in India to be recognised for its sustainability initiatives by a leading global benchmark. For more information, please visit Disclaimer This press release is prepared for general information purposes only. The information contained herein is based on management information and estimates. It is only current as of its date, has not been independently verified and may be subject to change without notice. Embassy Office Parks Management Services Private Limited ('the Manager') in its capacity as the Manager of Embassy REIT, and Embassy REIT make no representation or warranty, express or implied, as to, and do not accept any responsibility or liability with respect to, the fairness and completeness of the content hereof. Each recipient will be solely responsible for its own investigation, assessment and analysis of the market and the market position of Embassy REIT. Embassy REIT does not provide any guarantee or assurance with respect to any distribution or the trading price of its units. This press release contains forward-looking statements based on the currently held beliefs, opinions and assumptions of the Manager. Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, financial condition, performance, or achievements of Embassy REIT or industry results to differ materially from the results, financial condition, performance or achievements expressed or implied by such forward-looking statements. Given these risks, recipients of this press release are cautioned not to place undue reliance on these forward-looking statements. The Manager disclaims any obligation to update these forward-looking statements to reflect future events or developments or the impact of events which cannot currently be ascertained. In addition to statements which are forward looking by reason of context, the words 'may', 'will', 'should', 'expects', 'plans', 'intends', 'anticipates', 'believes', 'estimates', 'predicts', 'potential' or 'continue' and similar expressions identify forward-looking statements. There can be no assurance that any potential opportunities will result in definitive transactions. This press release also contains certain financial measures (including guidance and proforma information) which are not measures determined based on GAAP, Ind-AS or any other internationally accepted accounting principles, and the recipient should not consider such items as an alternative to the historical financial results or other indicators of Embassy REIT's cash flow based on Ind-AS or IFRS. These non-GAAP financial measures, as defined by the Manager, may not be comparable to similarly titled measures as presented by other REITs due to differences in the way non-GAAP financial measures are calculated. Even though the non-GAAP financial measures are used by management to assess Embassy REIT's financial position, financial results and liquidity and these types of measures are commonly used by investors, they have important limitations as analytical tools, and the recipient should not consider them in isolation or as substitutes for analysis of Embassy REIT's financial position or results of operations as reported under Ind-AS or IFRS. Certain figures in this press release have been subject to rounding off adjustments. Actual legal entity name of occupiers may differ. (Disclaimer: The above press release comes to you under an arrangement with Business Wire India and PTI takes no editorial responsibility for the same.). PTI This is an auto-published feed from PTI with no editorial input from The Wire. This article went live on August first, two thousand twenty five, at twenty-nine minutes past five in the morning.
News18
an hour ago
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Aditya Infotech IPO Allotment Today: A Step-By-Step Guide To Check Status Online, Know Latest GMP
The Aditya Infotech IPO allotment will most likely take place in the evening today, Friday, August 1. Aditya Infotech IPO Allotment Date, Listing Date & GMP: The allotment of the Aditya Infotech IPO, which was closed on Thursday, is expected to be finalised today, Friday, August 1. Investors can check the IPO allotment status on the websites of BSE, NSE or registrar link Intime. The GMP of the IPO, which received a huge subscription at 106.23x, stands at 44.44%, indicating strong listing gains. Aditya Infotech offers video security and surveillance products under 'CP Plus' brand. The price band of the mainboard IPO, which plans to raise Rs 1,300 crore, was fixed in the range of Rs 640 to Rs 675 apiece. On the final day of bidding on Thursday, the issue received a 106.23 times subscription, garnering bids for 1,13,04,01,778 shares as against the 1,06,41,266 shares on offer. The retail and NII participation stood at 53.81x and 75.93x, respectively. The QIB category has received a 140.50x subscription. The Aditya Infotech IPO allotment will most likely take place in the evening today, Friday, August 1. Once finalised, the allotment status can be checked online by following these steps: 1) Go to the official BSE website via the URL — 2) Under 'Issue Type', select 'Equity'. 3) Under 'Issue Name', select 'Aditya Infotech Ltd' in the dropbox. 4) Enter your application number, or the Permanent Account Number (PAN). Those who want to check their allotment status via PAN can select the 'Permanent Account Number' option. 5) Then, click on the 'I am not a robot' to verify yourself and hit the 'Search' option. Your share application status will appear on your screen. Via Link Intime's Portal You can also visit directly on the registrar Link Intime's portal — and check the Aditya Infotech IPO allotment status. Via NSE's Website The allotment status can also be checked on the NSE's website at The shares of Aditya Infotech Ltd will be listed on both BSE and NSE on August 5. Aditya Infotech IPO GMP Today According to market observers, unlisted shares of Aditya Infotech Ltd are currently trading at Rs 975 against the upper IPO price of Rs 675. It means a grey market premium or GMP of Rs 300, which is 44.44% over its issue price, indicating strong listing gains. The GMP is based on market sentiments and keeps changing. 'Grey market premium' indicates investors' readiness to pay more than the issue price. The company's IPO is a combination of a fresh issue of equity shares worth Rs 500 crore and an Offer For Sale (OFS) of shares valued at Rs 800 crore by promoters. Proceeds from the fresh issue to the tune of Rs 375 crore have been earmarked for payment of debt, and besides, a portion will be used for general corporate purposes. This anchor portion witnessed participation from domestic and foreign institutional investors, including Government of Singapore, Monetary Authority of Singapore, HDFC Mutual Fund, SBI Mutual Fund, Goldman Sachs, Nomura, Ashoka Whiteoak India Opportunities Fund, and the Abu Dhabi Investment Authority, according to a circular uploaded on the BSE website. As per the circular, Aditya Infotech has allotted 86.26 lakh equity shares to 54 funds at Rs 675 apiece. This aggregates the transaction size to Rs 582.3 crore. As of March 2024, the company's total borrowings stood at around Rs 405 crore, according to its draft papers. Aditya Infotech offers a comprehensive range of advanced video security and surveillance products, technologies and solutions for enterprise and consumer segments under 'CP Plus' brand. In addition, the company offers solutions and services such as fully integrated security systems and security-as-a-service directly and through its distribution network. top videos View all The company announced that 75 per cent of the offer size has been reserved for qualified institutional buyers, 15 per cent for non-institutional investors and the remaining 10 per for retail investors. ICICI Securities and IIFL Securities are the book-running lead managers to the issue. Aditya Infotech is expected to list on the bourses on August 5. Stay updated with all the latest business news, including market trends, stock updates, tax, IPO, banking finance, real estate, savings and investments. Get in-depth analysis, expert opinions, and real-time updates—only on News18. Also Download the News18 App to stay updated! tags : initial public offering (IPO) IPO view comments Location : New Delhi, India, India First Published: August 01, 2025, 10:54 IST News business » ipo Aditya Infotech IPO Allotment Today: A Step-By-Step Guide To Check Status Online, Know Latest GMP Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
