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Oriana Power’s IPO has come just a few days ago. In the IPO, the shares of the company were seen at a price of Rs.118. Shares of Oriana Power on August 11, 2023 at Rs. 302 were listed. The company’s share has now crossed 330 rupees. Shares of the company hit a new 52-week high. Oriana Power has now bagged a huge contract.
138 crore contract from Bharat Coking Coal
Oriana Power has received from Bharat Coking Coal Limited (BCCL) Rs. 138 crore contract has been obtained. The company has bagged a contract to set up a 20 MW AC Ground Mounted Solar Photovoltaic Power Plant at Dugdha Washeri area in Dhanbad, Jharkhand. The engineering, procurement and construction (EPC) phase of the project is to be completed in 12 months. The project will generate enough clean energy to power 10,000 homes.
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Share in 8 days Rs. 118 to Rs. reached 330
Oriana Power’s IPO price band is Rs. was 115-118. The company’s IPO was subscribed more than 176 times. A share of Oriana Power was listed at Rs 302 on the exchange and closed at Rs 317.10 on the day of listing. Shares of the company rose 5% on August 23, 2023 to Rs. 330.35 has been reached.
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Disclaimer: The information provided here is only about stock performance and does not constitute investment advice. Investing in the stock market is subject to risk and you should consult your advisor before investing.