Oriana Power Limited, a key player in the renewable energy sector, has secured a significant order worth approximately ₹21.65 crores (inclusive of GST) from Kannur International Airport Limited for a 4MWp Solar Power Plant project. The scope of this order includes Engineering, Procurement, and Commissioning (EPC), along with Operation and Maintenance (O&M) services for five years. This announcement was made under the guidelines of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, marking a strategic achievement for Oriana Power in India's booming solar infrastructure domain.

This project, aimed at enhancing renewable energy generation in the aviation infrastructure sector, will be located at Kannur International Airport in Kerala. The proposed installation consists of two major components: a 1.75MWp PV Carport System and a 2.25MWp Ground-Mounted Solar System, cumulatively making up a 4MWp capacity. The execution of the EPC contract is scheduled within the financial year 2025-26, with the O&M services extending over the following five years, ensuring sustained performance and efficiency.

This development comes at a time when India is aggressively pushing toward green energy adoption and reducing carbon emissions across industries, including transportation and aviation. Oriana Power's involvement in the Kannur Airport solar project not only strengthens its portfolio but also highlights the increasing preference for clean energy solutions in public sector infrastructure.

Kannur International Airport Limited, a domestic entity, has entrusted Oriana Power with this order, reinforcing confidence in the company’s technical and execution capabilities. According to the disclosure made by Oriana Power, the order encompasses the design, supply, installation, testing, and commissioning of the complete solar setup. Importantly, there is no interest from promoters, promoter groups, or group companies in the awarding entity, and the contract does not qualify as a related party transaction.

From an investor's perspective, this news adds substantial value to Oriana Power's stock outlook. The ₹21.65 Cr project further expands the company’s order book and showcases its credibility and ability to deliver on large-scale projects. As the company continues to bag such solar EPC orders across India, it is well-positioned to take advantage of the expanding renewable energy market and government incentives.

Furthermore, this project aligns with the broader vision of sustainable airport infrastructure, a trend that is catching up across India. Solar power adoption in airports not only ensures energy cost savings but also contributes to environmental goals such as carbon neutrality. Projects like these set a benchmark for other airports and transport infrastructure developers to emulate.

The financial implications for Oriana Power are also noteworthy. By executing a high-value project of ₹21.65 Cr, the company stands to gain significant revenue recognition in FY 2025-26. Additionally, the long-term O&M component ensures a steady stream of income over the next five years post commissioning.

This order also reflects Oriana Power’s increasing penetration into airport infrastructure, a high-impact segment that demands technical precision, compliance with aviation safety standards, and scalable clean energy solutions. With this project, Oriana strengthens its track record and opens doors for similar future opportunities in public infrastructure solarization.

As of April 29, 2025, this development stands as a testament to Oriana Power's growing influence in India's solar energy landscape. The strategic location, high visibility, and complexity of airport projects add to the company’s credentials and make this a flagship win for the organization. The seamless execution of this order will further elevate Oriana Power’s standing among competitors in the EPC space.

In conclusion, Oriana Power’s acquisition of the Kannur International Airport Limited 4MWp solar EPC project is a landmark achievement. It reflects the company’s operational efficiency, trustworthiness, and forward-looking approach in India's renewable energy sector. With the growing demand for solar installations across sectors, Oriana is poised to be a major beneficiary of the country’s clean energy transition.

The successful commissioning of this solar power plant will not only power Kannur International Airport with green energy but will also solidify Oriana Power’s position as a reliable solar solutions provider. As India accelerates toward its net-zero goals, projects like this are essential, and companies like Oriana Power are leading the way in delivering them.

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