India's Oriana Power soars on signing MoU with Rajasthan government

Oriana Power

17/12/2024 04:59

** Oriana Power  OIAN.NS  soars as much as 8.8% to 2,700
rupees, highest since July 5
    ** Electric utilities maker signs MoU with Government of
Rajasthan to explore investment opportunities in renewable
energy
    ** Co to explore opportunities worth 100 bln rupees ($1.18
bln) in solar power, floating solar, green hydrogen and energy
storage solutions
    ** More than 88,000 shares traded, 1.1x its 30-day avg
    ** OIAN, listed in 2023, has surged more than five-fold YTD

($1 = 84.9100 Indian rupees)

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))