Oriana Power Invests Rs. 12 Cr in Arm For Building BESS-Linked Solar Project

TrueOriana Power Limited subsidiary Truere Guj SPV Private Limited has invested an aggregate consideration of ₹12,01,68,600 to support the development of a Battery Energy Storage System (BESS). In a regulatory filing, the company said it invested in the subsidiary as part of a solar plant being developed by Truere Guj SPV Private Limited.

Oriana Power said it entered into an agreement on an arm’s length basis, under which it acquired 93,24,000 equity shares of face value ₹10 each in the said subsidiary. The BESS is proposed to enable efficient energy management through the storage of surplus power.

Oriana Power Previous BESS Project

Last year, Oriana Power entered into an agreement to build battery energy storage projects in Rajasthan. For instance, in August 2025, Oriana Power entered into an agreement with a cement industry company to undertake a battery energy storage project in Rajasthan.

Oriana Power will carry out EPC activities such as design, engineering, supply, construction, installation, and commissioning of a 75 MW solar power plant. The project will also include a 111.57 MWh Battery Energy Storage System (BESS) in Rajasthan. The project has a total value of approximately ₹476.13 crore.

Additionally, it has won projects from NVVN for a BESS tender, securing a bid at ₹2,16,000, among other winning bidders in Kerala.

Similarly, it had also secured a project under its subsidiary Truere Knight Pvt Ltd from Rajasthan Rajya Vidyut Utpadan Nigam Ltd (RVUNL) for a 50 MW/100 MWh standalone Battery Energy Storage System (BESS) at the Heerapura substation in Jaipur, Rajasthan. It had also signed a 12-year Battery Energy Storage Purchase Agreement (BESPA).