Oriana Power Limited
Incorporated in 2013, Oriana Power Limited is engaged in two main business verticals: providing of EPC and operations of solar power projects, and offering solar energy solutions on a BOOT (build, own, operate, transfer) basis.
What Oriana files
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Oriana Power will sell 26% of its subsidiary Dynospark Private Limited to JK Lakshmi Cement for up to Rs. 16 Cr. This enables JK Lakshmi Cement to source power from Dynospark's 25 MW solar plant for its captive use, with Oriana retaining 74%.
Oriana Power signed an agreement with JK Lakshmi Cement for a 25 MW solar project. JK Lakshmi Cement will acquire a 26% stake in Oriana's subsidiary, Dynospark, for up to Rs. 16 Cr. Oriana retains 74% and Board control, facilitating captive power supply for JK Lakshmi Cement.
Oriana Power's board approved a revised, higher deal to sell its 74% stake in two subsidiaries, Truere Guj SPV and Truere Current, to Leo Energies. New Enterprise Value is ₹488.70 Cr, sale consideration ₹193.90 Cr. These units will cease to be subsidiaries, pending shareholder approval.
Oriana Power's promoters have placed 52.83 lakh equity shares (26.00% of paid-up capital) under a Non-Disposal Undertaking. This commitment ensures promoters will not transfer or pledge these shares, aligning their long-term interests with the company and its stakeholders.
Oriana Power is now certified as a "Great Place to Work" by the Great Place to Work® Institute. This recognition underscores its strong culture and employee engagement, potentially strengthening stakeholder confidence.