India's Oriana Power rises 14% on $12.1 mln contract

Oriana Power

11/09/2023 08:55

** Shares of solar energy solutions company Oriana Power
 OIAN.NS  rise as much as 13.7% to 387 rupees, highest level in
two weeks
    ** Stock on track for a second consecutive session of gains
if trend holds
    ** OIAN on Monday said it secured a contract valued at 1
billion rupees ($12.07 million) 
    ** Contract to set up a 29MW captive open access solar power
plant in Karnataka
    ** More than 585,000 shares change hands by 13:10 p.m. IST,
0.9x the 30-day avg 
    ** Stock last up 10.8%



($1 = 82.8175 Indian rupees)

 (Reporting by Anisha Ajith in Bengaluru)
 ((anisha.ajith@thomsonreuters.com))