In a major boost to its presence in India's energy storage segment, Oriana Power Limited has been awarded a significant Letter of Award (LOA) by Karnataka Power Transmission Corporation Limited (KPTCL) for setting up a grid-scale 50MW/100MWh Standalone Battery Energy Storage System (BESS) at Shahapur Taluk Yadagir Substation, Karnataka. The project is valued at an impressive Rs. 212.31 crore (including GST) and is scheduled to be executed over a 12-year period following the Scheduled Commissioning Date. This achievement solidifies Oriana Power’s reputation as a serious player in India’s clean and renewable energy infrastructure space.

The announcement, made on July 14, 2025, aligns with Oriana Power’s strategic focus on transformative energy solutions and underscores its capability to deliver large-scale battery energy storage projects. The LOA issued by KPTCL, a domestic entity, includes Viability Gap Funding (VGF) of approximately Rs. 27 crore, and the total project will be executed under a Build-Own-Operate (BOO) model through tariff-based competitive bidding.

The awarded project entails establishing a standalone battery energy storage facility with two-cycle charging and discharging capabilities to support on-demand usage. This system will play a critical role in balancing electricity supply and demand, enhancing grid stability, reducing blackout risks, and boosting overall energy efficiency in the region. With such robust capabilities, the project is expected to act as a foundational grid-strengthening mechanism for Karnataka’s renewable infrastructure.

Oriana Power confirmed that the execution timeline is 15 months from the effective date of the Battery Energy Storage Purchase Agreement (BESPA). Once operational, the 50MW/100MWh system will make it possible to store and dispatch renewable energy during periods of high demand, making renewable energy sources like solar and wind more reliable.

The project value stands at Rs. 212.31 crore, and the energy storage infrastructure will be financed through a blend of tariff payments and VGF support. The model ensures that Oriana Power retains ownership and operational responsibility, thus encouraging performance efficiency and sustained service delivery.

Importantly, Oriana Power clarified that neither its promoters nor any group companies have an interest in KPTCL, and the order does not constitute a related party transaction.

This BESS project marks a critical inflection point for Oriana Power, which is rapidly expanding its footprint across the clean tech and renewable energy value chain. The company is already known for its work in solar engineering, procurement, and construction (EPC) and O&M services, and this project places it firmly at the forefront of India’s transition toward decentralized, flexible, and clean energy systems.

The BESS installation will serve as a strategic energy reservoir, helping to absorb excess power during low-demand periods and discharge stored energy during peak demand. This functionality is particularly valuable in a state like Karnataka, where renewable energy generation from solar and wind farms can be intermittent and seasonal. With the growth of distributed energy resources, the role of battery storage becomes even more vital in maintaining grid integrity.

The broader vision for this BESS project is not just about capacity addition—it’s about creating a new model for sustainable electricity usage in India. As part of a nationwide push toward achieving net-zero emissions, projects like these are expected to enable greater integration of renewables into the grid and reduce dependence on fossil fuels.

Oriana Power Limited, which was formerly known as Oriana Power Private Limited, has continuously demonstrated its commitment to innovative and sustainable energy solutions. Headquartered in New Delhi, with a corporate office in Noida, Uttar Pradesh, the company provides end-to-end energy solutions, from design and engineering to commissioning and after-sales service.

This latest development reinforces Oriana Power's long-term commitment to India’s National Energy Storage Mission and the company’s aim to be a key player in grid modernization efforts across states. As India’s power sector modernizes, there is growing recognition of the need for grid-scale battery systems to support the variability of renewables, and Oriana Power is poised to be a vital contributor to this transformation.

The BOO model offers Oriana a unique opportunity to generate long-term revenue, as it will continue to own and operate the system for 12 years post-commissioning, offering predictable returns. Moreover, the government-backed VGF ensures project feasibility while making clean energy more affordable and accessible.

From a technological standpoint, Oriana Power is expected to deploy advanced battery storage technologies, supported by a combination of automation, digital monitoring systems, and AI-driven energy dispatch algorithms to optimize performance and minimize operational inefficiencies.

As part of its ESG commitment, Oriana Power’s entry into energy storage will help decarbonize India’s power sector, bring reliable electricity to underserved regions, and contribute toward India’s 2030 renewable energy targets, which include 500 GW of non-fossil fuel capacity.

To conclude, Oriana Power’s successful acquisition of the Rs. 212 crore battery energy storage project in Karnataka is a testament to the company’s visionary leadership, robust technical capability, and alignment with national clean energy objectives. This win sets the tone for further strategic expansions and technological advancements in the battery storage sector—heralding a new era of energy security and sustainability for India.

The Upcoming IPOs in this week and coming weeks are Monika Alcobev, NSDL, Anthem Biosciences, Spunweb Nonwoven.

The Current active IPO are Smartworks Coworking, Asston Pharmaceuticals, CFF Fluid Control.

Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX.

Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst.