The company was originally incorporated on February 21, 2013 as a Private Limited Company as ‘Oriana Power Private Limited’ vide Registration under the provisions of the Companies Act, 1956 with the Registrar of Companies, Delhi. Thereafter the main object of the company was altered by passing of special resolution by the shareholders of the company on August 19, 2019, Subsequently, pursuant to a special resolution passed by the Shareholders at their Extraordinary General Meeting held on April 08, 2023, The company was converted from a Private Limited Company to Public Limited Company and consequently, the name of the company was changed to ‘Oriana Power Limited’ and a Fresh Certificate of Incorporation consequent to Conversion was issued on April 24, 2023 by the Registrar of Companies, Delhi.
Oriana Power is a company that specializes in providing solar energy solutions to industrial and commercial customers. It offers low carbon energy solutions by installing on-site solar projects such as rooftop and ground-mounted systems, as well as off-site solar farms i.e. Open access. Its business operations are primarily divided into two segments: Capital Expenditure (CAPEX) and Renewable Energy Service Company (RESCO). Under the CAPEX model, it offers Engineering, Procurement, construction, and operation of solar projects. In this model, customer invest in the Capital Expenditure at their own and Oriana does Engineering, Procurement, Construction and Operation on behalf of the client. This model may be executed in various manners such as rooftop and ground-mounted systems, as well as off-site solar farms. Under CAPEX Model it has delivered projects with a capacity exceeding 100 MWp across various locations across India till date since commencement of its business activity in this area of service i.e. June 2017.
Under the RESCO model, it operates through its 18 (eighteen subsidiaries). Its subsidiaries provide solar energy solutions on a BOOT (Build, own, operate, transfer) model basis, allowing its customers to enjoy the benefits of solar energy without the upfront investment. All the Investment, Commissioning and maintenance are done at its end and in lieu of that the company sells power to the end consumer through a Power Purchase agreement generally agreed for 25 years. This Business gives it Annuity income post recovery of Initial investment.
Business area of the company
The company is specializes in providing solar energy solutions to industrial and commercial customers.
Products of the company
- Solar roof top power plant
- Floating solar
- Ground mounted solar Car port solar
History and milestone
- 2013: Incorporation of the company as a private limited company with the name of ‘Oriana Power Private Limited’ with the motive to provide Solar Power Products & Solution based company.
- 2014: The Company obtained Importer Exporter Code.
- 2017: Entered into Solar Business in 2017: started Solar EPC model.
- 2018: Entered into overseas EPC business in 2018: Delivered 2 projects in Kenya.
- 2018: Entered into solar RESCO / OPEX project: Installed First RESCO project.
- 2021: Award of ‘Best solution provider of the year’ 2021- by ‘The Solar Retail Show Awards’.
- 2021: Received certificate for conforming to the requirements of Quality Management Standard ISO 9001:2015 for manufacturing & Assembly/ Integration of solar power renewable energy related products & solutions solar grid tie/off grid power solution, solar structure, electrical panels etc.
- 2022: Award of Best performance in EPC- Floating Solar: awarded by ‘Solar Quarter’.
- 2023: Company converted into Public Limited Company and consequently name changed from ‘Oriana Power Private Limited’ to ‘Oriana Power Limited’.