Orient Green Power

Orient Green Power Company Limited reported strong quarterly results with total income rising 10% year-on-year to ₹135.45 crores and net profit increasing 22% to ₹80.94 crores. For the first half, total income grew 20% to ₹228.62 crores while net profit surged 38% to ₹109.56 crores, marking the highest half-yearly net profit in recent years. The company attributed the performance to better wind generation (60% contribution) and improved machine availability (40% contribution) after completing major maintenance upgrades. Finance costs declined over 20% due to better credit ratings and timely repayments, with the company receiving a ₹16 crore refund from lenders for excess interest charged in earlier periods. Orient Green operates 382 MW of wind assets and has 25 MW of solar projects under development, with a 7 MW solar project expected to be commissioned by December 2025. The company targets reaching 1000 MW capacity through both organic growth including repowering existing assets and potential inorganic acquisitions, though specific timelines remain uncertain. Current debt levels stand at ₹525 crores with the company expecting surplus cash flows of ₹25-30 crores for reinvestment.

Orient Green Power Company Limited has been allotted 5,13,333 equity shares at Rs. 10 per share by its subsidiary Delta Renewable Energy Private Limited in a second tranche preferential issue. The company paid Rs. 51,33,330 for the shares, which were offered out of 7,33,333 equity shares available. Despite the additional investment, Orient Green Power's equity holding in Delta remains unchanged at 70%. Delta Renewable Energy was incorporated on November 29, 2023, and has a post-issue paid-up equity share capital of Rs. 3,83,14,900. The subsidiary is developing a 7MW AC solar power project expected to be commissioned by December 2025 but has not yet commenced business operations.

Orient Green Power Company Limited submitted a monitoring agency report from CRISIL Ratings for the quarter ended September 30, 2025, regarding utilization of Rs 250 crore raised through rights issue. The report shows no deviation from disclosed objects. The company utilized proceeds for developing a 25 MW solar power project through subsidiary Delta Renewable Energy, repaying unsecured loans from subsidiaries, and general corporate purposes. Rs 11,859.78 lakh remains unutilized and is deployed in fixed deposits with banks earning returns between 2.75% to 8.10%. The company made revisions to the solar project including changes in EPC contractor and project locations within Tamil Nadu while maintaining project costs within limits.