Oriana Power Limited, a listed renewable energy solutions company, has announced the receipt of a Letter of Award for a 50 MW (AC) Grid Interactive Solar PV Power Project under its Engineering, Procurement and Commissioning (EPC) segment. The company disclosed the development to the National Stock Exchange of India Limited under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, on December 22, 2025.

The project has been awarded by a domestic renewable energy developer and will be developed in the state of Kerala, marking a significant addition to Oriana Power’s growing portfolio of utility-scale solar projects in India.

Project Size and Contract Value

The total contract value for the project stands at ₹186.36 crore, excluding Goods and Services Tax. The consideration comprises two individual contracts, covering strategic alliance and support for the supply of solar modules and other components, along with allied services related to module and component deployment.

This sizeable order underlines the company’s increasing participation in India’s renewable energy infrastructure development and reflects strong confidence from project developers in Oriana Power’s execution capabilities.

Scope of Work Under the EPC Contract

The contract awarded to Oriana Power Limited involves end-to-end delivery of a fully commissioned solar power plant. The scope of work is comprehensive and covers all critical stages required for successful project implementation.

Key responsibilities include:

• Design and engineering of the 50 MW AC grid-connected solar PV system

• Procurement of equipment and materials, including solar modules and associated components

• Testing at manufacturers’ works, packing, forwarding and logistics management

• Transportation, supply, receipt and unloading of equipment at the project site

• Storage and insurance at all stages of the project lifecycle

• Execution of associated civil and electrical works

• Securing necessary permits, approvals and licenses

• Installation, erection, testing and commissioning of the solar PV plant

• Performance demonstration and operational acceptance of the project

This integrated EPC responsibility places Oriana Power at the centre of the project’s technical, operational and compliance execution.

Project Timeline and Completion Schedule

According to the disclosure, the solar power project is scheduled to be completed during the financial year 2026–27. The timeline aligns with industry norms for utility-scale solar EPC projects of this capacity, considering land preparation, procurement cycles, installation, grid integration and performance testing.

Timely execution will be a key factor in ensuring commercial operations commence as planned, enabling the developer to benefit from clean energy generation and grid integration within the expected timeframe.

Strategic Importance of the Kerala Solar Project

Kerala has been steadily increasing its renewable energy capacity as part of India’s broader clean energy transition. Solar power projects in the state play an important role in reducing dependence on conventional power sources while addressing growing electricity demand.

For Oriana Power Limited, this project strengthens its footprint in southern India and reinforces its position in the large-scale solar EPC domain. The order also highlights the company’s ability to execute complex projects across diverse geographic and regulatory environments.

Alignment With India’s Renewable Energy Mission

India has set ambitious renewable energy targets as part of its commitment to climate action and sustainable development. Large solar PV projects form a critical component of these plans, contributing to reduced carbon emissions and enhanced energy security.

By securing this 50 MW EPC contract, Oriana Power Limited is directly contributing to:

• Expansion of grid-connected renewable energy capacity

• Reduction of carbon intensity in power generation

• Support for clean and sustainable infrastructure development

The project aligns with national objectives aimed at accelerating the adoption of solar energy across states.

Regulatory Compliance and Disclosure

The company has confirmed that:

• The order has been awarded by a domestic entity

• There is no interest of promoters or promoter group entities in the awarding developer

• The transaction does not fall under related party transactions

• All disclosures have been made in compliance with SEBI Listing Regulations

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