Orient Green Power to expand in green energy sector

05 Jan 2023 CW Team

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.”

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..