India, Sept. 25 -- The Noida-based renewable energy firm has taken a real step forward on a divestment plan that's dragged on for nearly a year. Payment has come through for a subsidiary holding a sizable solar-plus-storage project, sold to a buyer backed by a major global investor. It's one piece of a larger, multi-part agreement and more updates are likely as the rest plays out.

Shares of Oriana Power Ltd are trading at Rs. 336.20, up 10.72 percent on Friday. The stock touched the intraday high of Rs. 333.90 after opening at Rs. 311.00 before slipping to a low of Rs. 305.05. The company commands a market capitalization of Rs. 3,423.78 crore.

Oriana receives payment Oriana Power has told the NSE that money has finally started coming i...