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

End-of-day quote. End-of-day quote  - 11/23
9.1 INR   +0.55%
2016ORIENT GREEN PO : quaterly earnings release
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Orient Green Power : rises by 5% even as hopes of merger fade

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09/08/2017 | 07:57pm CET

The stock of Orient Green Power shot up by 5% during Friday's trade. There was a surge in share price despite the buzz about the company’s merger talks with IL&FS Wind Energy hitting a roadblock. The stock of Orient Green Power shot up by 5% during Friday's trade. There was a surge in share price despite the buzz about the company’s merger talks with IL&FS Wind Energy hitting a roadblock.

Reports in media suggested that a drop in wind energy tariffs in auctions adversely affected the merger talks after the negotiations began early in the year. The merger between the companies would have resulted in the making of the country’s largest listed wind energy company; however, both the companies are looking for alternate options, said reports.

The stock surged by 5.36% to touch a high of Rs 9.23 on BSE on Friday. The stock had hit its 52-week high of Rs 11.99 on BSE on February 3, 2017. Whereas, it had hit its 52-week low of Rs 7.84 on BSE on November 9, 2017.

At 1220 hours, the stock was trading at Rs 9.15, up by 4.45% on the BSE on September 8. The stock also witnessed a spurt in its volume by more than 3.53 times on the same day.

(c) 2017India Infoline Ltd. All rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Latest news on ORIENT GREEN POWER COMPANY
09/08 ORIENT GREEN POWER : rises by 5% even as hopes of merger fade
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Managers
NameTitle
Sesha Ayyar Venkatachalam Chief Executive Officer, Executive Director & MD
Rangachary Nambi Iyengar Non-Executive Chairman
Kunnavakkam Vinjemur Kasturi Chief Financial Officer
Panchapakesan Krishnakumar Non-Executive Non-Independent Director
Thyagarajan Shivaraman Executive Vice Chairman
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