Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  NATIONAL STOCK EXCHANGE OF INDIA  >  Orient Green Power Ltd    GREENPOWER   INE999K01014

End-of-day quote. End-of-day quote  - 09/26
9.95 INR   --.--%
08/30 ORIENT GREEN PO : denies sale talks, to add capacity at Andhra farm
08/08ORIENT GREEN PO : quaterly earnings release
SummaryQuotesChartsNewsCalendarCompanyFinancials 
News SummaryMost relevantAll newsSector news 
The feature you requested does not exist. However, we suggest the following feature:

Orient Green Power : denies sale talks, to add capacity at Andhra farm

share with twitter share with LinkedIn share with facebook
share via e-mail
0
08/30/2016 | 02:07pm CEST

Orient Green Power Ltd., the wind power unit of the Shriram Group of Industries, has dismissed claims it`s up for sale and said it will add capacity for the first time in three years now that it has additional funds in hand.

"The worst is behind us," managing director S Venkatachalam said, denying market speculation that Orient Green was up for sale. The company plans to add 47 MW of capacity to its existing 50.54 MW wind farm at Tadipatri in Andhra Pradesh. Its total wind portfolio currently stands at 429 MW.

Capacity addition was made possible with the infusion of Rs 250 crore of fresh equity in August last year, with about Rs 100 crore from the Edelweiss Group and the remaining from the promoters, Shriram Ventures Ltd. "We need another Rs 320 crore of debt, of which we have tied up Rs 200 crore from banks, while the rest is also being arranged," said Venkatachalam.

Orient Green posted a loss of Rs 22.7 crore in the first quarter of 2016-17, narrowing from losses of Rs 53.38 crore a year earlier and Rs 158.6 crore in the preceding quarter. The company reported a loss of Rs 342.3 crore in 2015-16.

The wind energy producer attributed the losses to `backdowns` in Tamil Nadu, where distribution companies shut off power supply from producers for fear of overloading the grid. About three-quarters of Orient Green`s total wind portfolio is located in Tamil Nadu, with the remaining in Andhra Pradesh.

"Our problems in wind energy arose mainly due to the lack of grid availability in Tamil Nadu," said Venkatachalam. "We have lost around Rs 250 crore due to backdowns. Had our projects been more evenly distributed across the country, we would have suffered much less."

(c) 2003-2016 Mehr News Agency Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ORIENT GREEN POWER LTD
08/30 ORIENT GREEN POWER : denies sale talks, to add capacity at Andhra farm
08/29 ORIENT GREEN POWER : Sells maharashtra biomass plant to singapore firm for rs81 ..
08/08ORIENT GREEN POWER LTD : quaterly earnings release
07/03 ORIENT GREEN POWER : Quarterly results - orient green power company limited
07/03 ORIENT GREEN POWER : Trailing twelve month results - orient green power company ..
05/02 INDIAN OVERSEAS BANK : Iob takes over orient green unit
05/01 INDIAN OVERSEAS BANK : Acquires gptl property
05/01 INDIAN OVERSEAS BANK : Iob takes possession of gptl's property
01/01 ORIENT GREEN POWER : Reduces stake in pallavi power
2015 ORIENT GREEN POWER : Bt 500 rankings: the next 500 companies - orient green powe..
More news
Sector news : Renewable Utilities
09/26 DRAX : Four British power firms call for carbon tax extension
09/26DJCPFL ENERGIA S A : China's State Grid to Acquire Additional Stake in Brazil's CP..
09/26DJCPFL ENERGIA S A : China's State Grid to Acquire Additional Stake in Brazil's CP..
09/23DJFed Targets Big Bank Commodity Lines
09/22DJCharlotte Authorities Seek to Restore Order After Two Nights of Violence
More sector news : Renewable Utilities
Advertisement
Chart ORIENT GREEN POWER LTD
Duration : Period :
Orient Green Power Ltd Technical Analysis Chart | GREENPOWER | INE999K01014 | 4-Traders
Full-screen chart
Technical analysis trends ORIENT GREEN POWE...
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Technical analysis
Managers
NameTitle
Sesha Ayyar Venkatachalam Managing Director & Executive Director
Rangachary Nambi Iyengar Non-Executive Chairman
Kunnavakkam Vinjemur Kasturi Chief Financial Officer
Panchapakesan Krishnakumar Executive Director
Shivaraman Thyagarajan Executive Vice Chairman
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
ORIENT GREEN POWER LTD-41.12%111
NEXTERA ENERGY INC21.50%58 315
ENEL S.P.A.3.70%44 838
CHINA YANGTZE POWER CO..-1.47%44 103
TENAGA NASIONAL BHD--.--%19 762
AGL ENERGY LTD-3.21%9 133
More Results