+
Orient Green Power to expand in green energy sector
POWER & RENEWABLE ENERGY

Orient Green Power to expand in green energy sector

In order to make the most of its current assets, Orient Green Power Company, a member of the Shriram Group, is thinking about expanding its market into the green energy space.

The company announced that it would be looking into hybrid solutions and have a mix of solar and wind energy farms at its existing locations during its board meeting on December 23. The board also discussed about global opportunities in green energy. The government's emphasis on the renewable energy industry offers the business plenty of opportunities to diversify its holdings.

The board also took into account the updates on the rights issue's development along with an increasing value to stakeholders.

The company's managing director also discussed the business's potential to grow up to 1 GW in renewable energy over the following two to three years. The hiring of a consultant to conduct a thorough study that includes ramp-up, financing, and feasibility was also confirmed by the board.

One of the nation's biggest Independent Power Producers of Renewable Energy is Orient Green.

Ravi Singh, Vice president and Head of Research at share India stated, “Orient Green Power Company reported robust net profit growth of 277 per cent in Sept quarter on QoQ. The company aims to expand up to 1 GW in Renewable energy in the next 2-3 years and Govt’s strong focus on green & renewable energy provides a great opportunity for the company to become a key leading player in this segment in the coming years. On technical setup, the momentum indicators and oscillators on the daily chart are suggesting a near term target of 14 levels and if the trend sustains above 14 then the level of 16 is most probable.”

See also:
Green energy giants plan to invest almost Rs 190 billion in UP
Tata Projects inks MoU with CSIR-IIP for green power


In order to make the most of its current assets, Orient Green Power Company, a member of the Shriram Group, is thinking about expanding its market into the green energy space. The company announced that it would be looking into hybrid solutions and have a mix of solar and wind energy farms at its existing locations during its board meeting on December 23. The board also discussed about global opportunities in green energy. The government's emphasis on the renewable energy industry offers the business plenty of opportunities to diversify its holdings. The board also took into account the updates on the rights issue's development along with an increasing value to stakeholders. The company's managing director also discussed the business's potential to grow up to 1 GW in renewable energy over the following two to three years. The hiring of a consultant to conduct a thorough study that includes ramp-up, financing, and feasibility was also confirmed by the board. One of the nation's biggest Independent Power Producers of Renewable Energy is Orient Green. Ravi Singh, Vice president and Head of Research at share India stated, “Orient Green Power Company reported robust net profit growth of 277 per cent in Sept quarter on QoQ. The company aims to expand up to 1 GW in Renewable energy in the next 2-3 years and Govt’s strong focus on green & renewable energy provides a great opportunity for the company to become a key leading player in this segment in the coming years. On technical setup, the momentum indicators and oscillators on the daily chart are suggesting a near term target of 14 levels and if the trend sustains above 14 then the level of 16 is most probable.” See also: Green energy giants plan to invest almost Rs 190 billion in UP Tata Projects inks MoU with CSIR-IIP for green power

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code