Oriana Power Secures ₹520 Crore Contract for 128 MW Solar Plant from Dalmia Cement

Oriana Power Limited, through its subsidiary TrueRE Surya Private Limited, has won a significant contract from Dalmia Cement (Bharat) Limited (DCBL) to build and operate a 128 MW ground-mounted solar power plant in Tamil Nadu. This project, under the Open Access Captive solar power segment, is valued at ₹520 crore and will contribute significantly to Dalmia Bharat Group's commitment to 100% renewable energy (RE100) by 2030 and its goal of becoming carbon-negative by 2040.

Once completed, the plant will generate 1,920 lakh units of electricity annually, advancing Dalmia Bharat's renewable energy capacity. The project is expected to be commissioned within the next 12 months. Alongside this contract, DCBL has signed a Share Subscription and Shareholders Agreement (SSSHA) to acquire a 26% equity stake in TrueRE Surya Private Limited for ₹4.8 crore. This deal will allow DCBL to source solar power as a captive consumer from the 128 MW solar plant, with the transaction slated for completion in four to six months.

Animesh Saraswat, Chief Business Officer of Oriana Power Limited, remarked, "This prestigious order from Dalmia Cement highlights our growing recognition as the renewable energy partner of choice for major enterprises in the country."

This contract builds on Oriana Power's recent ₹247.88 crore project win from Bharat Petroleum Corporation Limited (BPCL) for a 52 MW ground-mounted solar plant. With these new orders, Oriana now manages over 570 MW of cumulative capacity under execution, with more than 240 MW of solar projects already delivered across India.

In addition, Oriana Power has announced a strategic partnership with U.S.-based green hydrogen electrolyzer manufacturer Splitwaters. Oriana plans to establish a Giga-factory for producing electrolyzers and Balance of Plant (BOP) modules, with an initial 500 MW capacity operational by 2026, followed by another 500 MW in 2027.