Established in 2006, Orient Green Power Company Limited is actively involved in the development, ownership, and operation of a diverse range of renewable energy plants. These plants are powered by biomass, biogas, wind energy, and small hydel projects.
Orient Green Power stands as the largest independent operator and developer of renewable energy power plants in India, measured by aggregate installed capacity. Presently, the company’s portfolio comprises various projects in different stages of development, spanning biomass, biogas, wind energy, and small hydroelectric ventures. As of March 31, 2023, the company’s operational projects boasted an impressive total of 402.3 MW in installed capacity.
In terms of clientele, Orient Green Power Company serves a total of 45 customers, which includes two state-owned utilities and 43 commercial and industrial consumers.
For Fiscal years 2023, 2022, and 2021, Orient Green Power reported revenues from operations amounting to ₹ 25,831 lakhs, ₹ 31,063 lakhs, and ₹ 25,475 lakhs, respectively.
Orient Green Power Company Limited. Stock Quote #
- Open: ₹15.00
- High – Low: ₹15.45 – ₹13.90
- Previous Close: ₹14.80
- Total Traded Value: 1,97,71,877
- 52 Weeks High: ₹16.80 (Aug 01, 2023)
- 52 Weeks Low: ₹7.70 (Mar 29, 2023)
- Updated On: Aug 11, 2023 4:00 PM
Orient Green Power Limited Rights Issue 2023 Detail #
| Issue Open | Aug 28, 2023 – Sep 15, 2023 |
| Security Name | Orient Green Power Company Limited |
| Issue Size (Shares) | 230,000,000 |
| Issue Size (Amount) | ₹230.00 Crores |
| Issue Price | ₹10 per share |
| Face Value | ₹10 per share |
| Listing At | BSE, NSE |
| Terms of Payment | The entire amount of the Issue Price of ₹ 10/- per Rights Equity Share shall be payable at the time of Application. |
| Entitlement | 19 Rights Equity Share(s) for every 62 fully paid-up Equity Shares held on Record Date |
Orient Green Power Limited Rights Issue 2023 Issue Timetable #
| Last Date to buy shares | Aug 17, 2023 |
| Record Date | Aug 18, 2023 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | Aug 28, 2023 |
| Renunciation of Rights Entitlements | Sep 11, 2023 |
| Bid/Offer Closes On | Sep 15, 2023 |
| Deemed Date of Allotment | Sep 23, 2023 |
| Credit Date | Sep 27, 2023 |
| Listing Date | Sep 29, 2023 |
Company Financials #
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 1,893.25 | 1,831.06 | 1,692.11 |
| Revenue | 261.27 | 315.22 | 290.21 |
| Profit After Tax | -50.71 | 46.55 | 35.10 |
| Net Worth | 456.20 | 489.46 | 523.62 |
| Reserves and Surplus | |||
| Total Borrowing | 1,324.61 | 1,215.00 | 1,073.59 |
Objects of the Issue: #
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- Repayment of unsecured loans due from the company to Janati Bio Power Private Limited, one of the Promoters of the company,
- Part repayment or pre-payment of unsecured loans to Janati Bio Power Private Limited, one of the Promoters of the company availed by Bharath Wind Farm Limited, one of the wholly owned subsidiaries of the company,
- Repayment/ Pre-payment of certain secured loans including interest availed from lenders of the Company either in part or full,
- Part repayment of secured loans including interest availed from lenders by Amrit Environmental Technologies Private Limited, one of the subsidiaries of the Company,
- Part repayment or pre-payment of unsecured loans including interest availed from Beta Wind Farm Private Limited, one of the subsidiaries of the Company, and
- General Corporate Purposes.
Orient Green Power Limited Rights Issue 2023 Documents #
Company Contact Information #
Bascon Futura SV, 4th Floor,
No.10/1, Venkatanarayana Road,
T. Nagar, Chennai – 600 017Phone: +91 444 901 5678
Email: complianceofficer@orientgreenpower.com
Website: http://www.orientgreenpower.com/
Orient Green Power Rights Issue 2023 Registrar #
- Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: cameo@cameoindia.com
Website: https://ipo.cameoindia.com/
