Orient Green Power Company Limited , a leading renewable energy producer, has reported a robust financial performance for the second quarter of fiscal year 2026, with significant improvements in both revenue and profitability. The company's strategic focus on operational efficiency and capacity expansion has yielded positive results, setting the stage for future growth.

Financial Highlights

For the quarter ended September 2025, Orient Green Power reported:

The company's performance for the first half of FY26 was equally impressive:

Operational Performance

The company attributed its strong performance to two key factors:

1. Better wind generation, contributing approximately 60% to the improved results.
2. Enhanced machine availability, accounting for about 40% of the performance boost, following the completion of major maintenance upgrades.

Financial Management

Orient Green Power has made significant strides in improving its financial health:

• Finance costs declined by over 20% due to improved credit ratings and timely repayments.
• The company received a ₹16 crore refund from lenders for excess interest charged in earlier periods.
• Current debt levels stand at ₹525 crores, with the company expecting surplus cash flows of ₹25-30 crores for reinvestment.

Capacity and Expansion Plans

Orient Green Power currently operates 382 MW of wind assets and has ambitious plans for growth:

• 25 MW of solar projects are under development.
• A 7 MW solar project is expected to be commissioned by December 2025.
• The company is targeting a total capacity of 1000 MW through both organic growth and potential inorganic acquisitions.

Future Outlook

While specific timelines for reaching the 1000 MW capacity target remain uncertain, the company is exploring various avenues for growth:

1. Organic expansion, including repowering existing assets.
2. Potential inorganic acquisitions to accelerate capacity addition.
3. Diversification into solar power to complement its wind portfolio and better serve customers seeking a mix of renewable energy sources.

Orient Green Power's strong quarterly results and clear growth strategy position it well in India's expanding renewable energy sector. As the company continues to focus on operational excellence and strategic expansion, it aims to capitalize on the increasing demand for clean energy solutions in the country.

Investor Conference Call Highlights

In a recent investor call, the company's management provided additional insights:

• The improved performance was attributed to a combination of better wind conditions (60%) and operational efficiency (40%).
• The company is exploring a mix of in-house and third-party maintenance for its wind turbines to optimize performance and costs.
• Orient Green Power is cautiously optimistic about the regulatory environment, particularly in Tamil Nadu, where policy changes are expected to be more prospective than retrospective.
• The company is seeing improved payment cycles from state utilities, with good cash flows from its Andhra Pradesh assets.

As Orient Green Power continues to strengthen its position in the renewable energy sector, investors and industry observers will be keenly watching its progress towards the ambitious 1000 MW capacity target and its ability to maintain the current growth trajectory.

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:

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.