Orient Green Power Maintains 70% Stake in Subsidiary with New Share Allotment

Orient Green Power Company Limited (OGPCL) has reinforced its commitment to renewable energy development through a strategic investment in its subsidiary, Delta Renewable Energy Private Limited (Delta). The company has been allotted 5,13,333 equity shares at ₹10 per share in Delta's second tranche of preferential issue, maintaining its 70% stake in the subsidiary.

Investment Details

OGPCL's investment in Delta is part of a larger initiative to expand its renewable energy portfolio. Here's a breakdown of the transaction:

Aspect	Details
Shares Allotted	5,13,333
Face Value	₹10.00
Total Investment	₹51,33,330.00
OGPCL's Stake in Delta	70%
Delta's Post-Issue Paid-Up Capital	₹3,83,14,900.00

About Delta Renewable Energy

Delta Renewable Energy Private Limited, incorporated on November 29, 2023, is a key player in OGPCL's renewable energy strategy. The subsidiary is currently developing a 7MW AC solar power project, which is expected to be commissioned by December 2025.

Strategic Implications

This investment aligns with OGPCL's long-term vision for renewable energy expansion. By maintaining its majority stake in Delta, Orient Green Power ensures it remains at the forefront of India's growing renewable energy sector.

Regulatory Compliance

The transaction has been conducted in compliance with SEBI regulations, falling under the category of a related party transaction. OGPCL has affirmed that the deal was executed on an arm's length basis, adhering to regulatory requirements.

Future Outlook

As Delta progresses towards the commissioning of its solar power project, Orient Green Power's continued investment signals confidence in the subsidiary's potential. This move is expected to strengthen OGPCL's position in the renewable energy market and contribute to India's sustainable energy goals.

Investors and stakeholders will be keenly watching the development of Delta's solar project and its potential impact on Orient Green Power's future performance in the renewable energy sector.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-3.19%	-6.41%	-13.24%	-7.27%	-34.24%	+512.12%

Orient Green Power Company Limited (OGPL), a leading independent renewable power producer in India, has reported strong financial results for the second quarter and first half of fiscal year 2026. The company's focus on wind farm operations has yielded significant growth in revenue and profitability.

Financial Highlights

OGPL achieved its highest ever half-yearly consolidated Profit After Tax (PAT), surpassing ₹100 crore. The company's financial performance for H1 FY26 shows substantial year-on-year improvements:

Particulars (₹ Cr)	H1 FY26	H1 FY25	YoY Growth
Total Income	228.62	190.65	19.92%
EBITDA	170.23	147.35	15.53%
Net Profit	109.56	79.51	37.79%
Net Profit Margin	48%	42%	622 BPS

The company's performance in Q2 FY26 also showed positive trends:

Particulars (₹ Cr)	Q2 FY26	Q2 FY25	YoY Growth
Total Income	135.45	123.41	9.76%
EBITDA	104.31	102.32	1.94%
Net Profit	80.94	66.46	21.79%
Net Profit Margin	60%	54%	590 BPS

Operational Highlights

Consistent generation during the quarter maintained the momentum from the previous quarter, contributing to a ~20% year-on-year increase in operating revenues for the half year.
EBITDA for the half year recorded a year-on-year growth of around 16%.
Finance costs reduced by over 20% due to a reduction in interest rates, attributed to prompt repayment of principal and improved ratings.
The company received a refund of ₹16 crore for excess interest charged in earlier years/periods during the quarter, boosting profitability.

Future Outlook

Mr. T Shivaraman, Managing Director & CEO of Orient Green Power, commented on the company's performance and future plans:

A 7MW solar power plant is expected to be commissioned by December 2025.
The remaining planned capacity addition is anticipated to be completed by June 2026.
With component upgrades completed and the proposed solar power plant underway, the company expects to deliver improved returns.

Company Profile

Orient Green Power Company Limited, headquartered in Chennai and promoted by SVL Limited, is among the largest independent renewable power producers in India. The company currently operates:

382.3 MW of wind power capacity across Tamil Nadu, Andhra Pradesh, Gujarat, and Karnataka
A 10.5 MW wind farm in Croatia, Europe

OGPL aims to expand its capacity to over 1,000 MW in the near term, leveraging its expertise in identifying optimal locations, deploying advanced wind turbine designs, and maximizing generation efficiency.

The company's strong performance in H1 FY26 demonstrates its commitment to sustainable growth and its significant role in advancing India's renewable energy transition. With a focus on operational excellence and strategic expansion, Orient Green Power is well-positioned to capitalize on the growing demand for clean energy in India and beyond.