India's Oriana Power rises after $1.8 mln contract win

Oriana Power

20/03/2024 05:07

** Solar energy equipment maker Oriana Power's  OIAN.NS 
shares up nearly 4% at 704 Indian rupees, before trimming some
gains
    ** Company says it will foray into Goa after receiving
contract worth 148.8 mln rupees ($1.8 mln) for supply of 3 MWp
turnkey for Mormugao Port Authority
    ** Stock up after declining in past two sessions
    ** OIAN up ~45% YTD but has declined more than 20% since
hitting record high last month
    ** Company's shares up more than 2x since listing in August
last year

 ($1 = 83.0110 Indian rupees)

 (Reporting by Rama Venkat in Bengaluru)
 ((ramavenkat.raman@thomsonreuters.com; https://twitter.com/ramavenkat0607))