Orient Green Power Company Limited has completed a significant investment in its renewable energy subsidiary, allotting 61,44,490 equity shares worth ₹6.14 crore in Delta Renewable Energy Private Limited on March 23, 2026. The transaction represents the third tranche of Delta's preferential issue and demonstrates the parent company's continued commitment to expanding its renewable energy portfolio.

Investment Details and Structure

The share allotment was executed at face value of ₹10 per equity share, with Orient Green Power subscribing to 61,44,490 shares out of the total 87,77,843 equity shares offered in this tranche. The investment structure maintains Orient Green Power's strategic control over its subsidiary.

Subsidiary Operations and Projects

Delta Renewable Energy Private Limited, incorporated on November 29, 2023, operates exclusively in the renewable energy sector. The subsidiary has achieved significant operational milestones since commencing business operations on December 05, 2025. The company has successfully commissioned a 7 MW AC / 9.8 MW DC solar power project located at Krishnapuram and Veeraganallur Villages in Thiruvallur District, Tamil Nadu.

Development Pipeline

Delta Renewable Energy has secured additional growth opportunities through an EPC (Engineering, Procurement, and Construction) contract for developing a 17.6 MW AC (24.64 MW DC) solar power project in Thiruvannamalai District, Tamil Nadu. This project, contracted on December 05, 2025, is currently under progress and represents the company's expansion strategy in the Tamil Nadu solar energy market.

Financial Structure Post-Allotment

Following the current allotment, Delta Renewable Energy's post-issue paid-up equity share capital stands at ₹12,60,93,330. The transaction is structured as a related party transaction under SEBI LODR Regulations, conducted on an arm's length basis. The investment will be made in multiple tranches as per the terms of the offer, with cash consideration for all allotments.

Strategic Rationale

Orient Green Power promoted Delta Renewable Energy specifically to develop renewable energy capacity as part of its broader business strategy. The preferential allotment allows the subsidiary to access necessary capital for solar power project development while maintaining Orient Green Power's controlling stake. The transaction requires no governmental or regulatory approvals beyond standard compliance requirements, facilitating smooth execution of the investment strategy.

Orient Green Power Company Limited has achieved a significant milestone in its renewable energy expansion with the completion of erection of 6.6 MW wind turbines in Tamil Nadu. The company's subsidiary has successfully completed the installation and received service connection, marking substantial progress in its clean energy portfolio.

Project Completion Update

Gamma Green Power Private Limited, a subsidiary of Orient Green Power Company Limited, has completed the erection of 2 wind turbine generators of 3.3 MW each, aggregating to 6.6 MW capacity. The project has been developed through an Engineering, Procurement and Construction contract with Renfra Energy India Limited in Tiruchirappalli District, Tamil Nadu.

Project Status and Timeline

The company has successfully received the service connection for the completed turbines. The remaining procedural formalities are currently being completed, with commissioning of the wind turbine generators expected to be completed shortly. This development represents the company's entry into power generation through higher-capacity wind turbine generators.

Overall Project Progress

The completion of the 6.6 MW installation brings significant progress toward the total project capacity of 9.9 MW. Implementation of the balance capacity of 3.3 MW is currently in progress, with the company committed to providing status updates in due course.

Strategic Significance

This milestone marks a key achievement for Orient Green Power Company Limited's renewable energy portfolio and represents the company's strategic entry into higher-capacity wind power generation. The successful completion of erection and receipt of service connection demonstrates the effectiveness of the partnership with Renfra Energy India Limited and positions the company to contribute meaningfully to Tamil Nadu's growing renewable energy capacity.