01 Dec 2023

Orient Green Power Company surges on incorporating wholly owned subsidiary

Orient Green Power Company is currently trading at Rs. 21.38, up by 0.25 points or 1.18% from its previous closing of Rs. 21.13 on the BSE.

The scrip opened at Rs. 21.79 and has touched a high and low of Rs. 21.90 and Rs. 21.25 respectively. So far 1079470 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 24.19 on 21-Nov-2023 and a 52 week low of Rs. 7.09 on 29-Mar-2023.

Last one week high and low of the scrip stood at Rs. 24.18 and Rs. 20.85 respectively. The current market cap of the company is Rs. 2093.85 crore.

The promoters holding in the company stood at 32.48%, while Institutions and Non-Institutions held 3.56% and 63.96% respectively.

Orient Green Power Company has incorporated wholly owned subsidiary in the name of Delta Renewable Energy. The Ministry of Corporate Affairs, Government of India has issued the Certificate of Incorporation on November 29, 2023. Delta Renewable Energy has been incorporated for setting up power plants to generate energy from Renewable Energy sources like Wind/Solar etc.

Orient Green Power Company is a leading Indian independent renewable energy-based power generation company focused on developing, owning and operating a diversified portfolio of renewable energy power plants.