Oriana Power Share Price Surges Over 4% on ₹212 Crore Order for BESS Project in Karnataka

Oriana Power Limited has secured a Letter of Award (LOA) from Karnataka Power Transmission Corporation Limited (KPTCL) for the development of a 50 MW/100 MWh Standalone Battery Energy Storage System (BESS). This project will be established at the Shahapur Taluk Yadagir Substation in Karnataka. 

The BESS will play a crucial role in enhancing grid reliability by managing demand fluctuations, preventing outages, and optimising overall energy efficiency. The project will be delivered under the Build-Own-Operate (BOO) model and is backed by Viability Gap Funding (VGF).

Technical and Operational Highlights

The BESS is designed for 2 full charge/discharge cycles per day, ensuring responsive and on-demand energy delivery. The installation will operate on a tariff-based competitive bidding framework, ensuring transparency in pricing and operations. 

Oriana Power is responsible for setting up the grid-scale BESS infrastructure independently at the designated location, marking a significant leap in the company’s energy storage capabilities.

Timeline and Financial Overview

The total project value is estimated at approximately ₹212.31 crore (including GST), to be earned over a 12-year period from the date of commissioning. Additionally, a Viability Gap Funding of ₹27 crore is expected to support the project’s financial feasibility. The execution timeline for the project is set at 15 months from the effective date of the Battery Energy Storage Purchase Agreement (BESPA).

Read More: Oriana Power Secures ₹465 Crore Battery Storage System Order from NTPC Subsidiary!

Oriana Power Share Price Performance 

As of July 14, 2025, at 12:15 PM, Oriana Power share price is trading at ₹2,404 per share, reflecting a surge of 4.53%. Over the past month, the stock has surged by 3.01%.

Conclusion 

This project marks a strategic advancement for Oriana Power in the energy storage sector, reinforcing its role in strengthening India’s clean energy future.

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