Oriana Power Share Price in Focus; Secures 900 MW Battery Energy Storage Projects in Maharashtra

Oriana Power Limited, based in New Delhi and Noida, has been awarded 2 significant contracts by Maharashtra State Electricity Distribution Co. Limited for setting up Battery Energy Storage Systems.  

The projects, announced on September 21, 2026, will deliver a total capacity of 900 MW/1,800 MWh in Maharashtra, as per the exchange filings. 

Project Details and Allocation 

The total order is split into 2 parts based on location and capacity. The first component provides 400 MW/800 MWh at an MSEDCL substation, while the second component offers 500 MW/1,000 MWh at an MSETCL substation.  

Oriana Power secured 900 MW out of a total 2,000 MW tender capacity through a competitive e-reverse auction under the Power System Development Fund scheme. 

Financial Consideration and Tariff Rates 

The 15-year term agreement holds an estimated aggregate consideration of approximately ₹3,870 crore. The project will receive Viability Gap Funding support of ₹324 crore.  

The 500 MW contract accounts for ₹2,142 crore, averaging ₹142.80 crore annually, while the 400 MW portion accounts for ₹1,728 crore, or about ₹115.20 crore per year. 

Read More: Welspun Enterprises Share Price in Focus; Wins ₹351 Crore Sewer Orders in Ahmedabad! 

Tariff Rates and Compliance 

The company agreed to separate monthly tariff rates for each project capacity. The 400 MW allocation features a monthly tariff of ₹₹2.4 lakh per MW, while the 500 MW allocation utilises a monthly tariff rate of ₹2.38 lakh per MW.  

This information was disclosed in compliance with SEBI Listing Regulations and certified by Tanvi Singh, the designated Company Secretary and Compliance Officer. 

Oriana Power Share Price Performance 

As of September 21, 2026, at 10:43 AM, Oriana Power share price on NSE was trading at ₹266.00, down by 2.12% from the previous closing price. 

Conclusion 

Oriana Power Limited has secured 900 MW of battery energy storage projects in Maharashtra, valued at ₹3,870 crore, with a Viability Gap Funding of ₹324 crore. The projects are split into 400 MW and 500 MW components, each with distinct financial and tariff arrangements. 

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