Oriana Power Share Price Gains Over 4%; Secures 234 MW Solar Project in Jharkhand Worth ₹1,180 Crore

Oriana Power Limited has announced a significant achievement with the receipt of a contract to establish a 234 MW floating solar power project.  

This project, valued at ₹1,180.53 crore, will be located at the Maithon Dam Reservoir in Jharkhand. 

Details of the Solar Power Project 

The project involves the engineering, procurement, and construction (EPC) of a grid-tied floating solar photovoltaic (FSPV) plant.  

Oriana Power Limited will handle the design, engineering, supply, construction, erection, testing, and commissioning of the plant. The contract also includes comprehensive operation and maintenance services. 

The project is one of the largest floating solar initiatives in India, marking a significant milestone for Oriana Power in the renewable energy sector.  

The total contract value is ₹1,180.53 crore, inclusive of GST, and comprises three individual contracts covering the supply of plant and equipment, EPC services, and long-term operation and maintenance. 

Contract Awarded by Damodar Valley Corporation 

The contract was awarded by Damodar Valley Corporation, a domestic entity. Oriana Power Limited will execute the project at the Maithon Dam Reservoir in Jharkhand, with a completion timeline of 18 months.  

The project underscores Oriana Power's growing presence in large-scale renewable energy projects. 

Read More: SFO Technologies Secures Over ₹750 Crore to Scale Manufacturing and Global Presence! 

Significance of the Project 

This project represents a substantial opportunity for Oriana Power Limited to strengthen its position in the renewable energy sector. The floating solar project is expected to contribute significantly to the region's energy needs while promoting sustainable energy solutions. 

Oriana Power Share Price Performance 

As of March 09, 2026, at 9:31 AM, Oriana Power share price on NSE was trading at ₹1,881.10 up by 4.78% from the previous closing price. 

Conclusion 

Oriana Power Limited's contract for the 234 MW floating solar project at Maithon Dam highlights the company's capabilities in executing large-scale renewable energy projects. This development not only enhances Oriana Power's portfolio but also supports the broader push towards sustainable energy solutions in India. 

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