Orient Green Power to Raise Rs.2.5 Bn via Rights Issue for Expansion

20 May 2024 CW Team

Orient Green Power Company Limited has announced its intention to raise ?2.5 billion through a rights issue aimed at strengthening its financial capabilities and advancing its renewable energy projects. This strategic move underscores the company's commitment to expanding its footprint in the renewable energy sector amidst changing market conditions and increasing demand for sustainable energy solutions.

The rights issue will allow existing shareholders to purchase additional shares at a predetermined price, enabling Orient Green Power to secure vital capital for ongoing projects and future expansions. The funds raised will be utilised to enhance existing operational capacities, invest in new renewable energy ventures, and leverage emerging opportunities in the clean energy market.

Orient Green Power, a prominent player in India's renewable energy landscape, has been actively involved in developing and operating wind and biomass power projects across the country. The company's strategic focus on sustainable energy generation aligns with India's ambitious renewable energy targets and global commitments to combat climate change.

According to sources familiar with the matter, the rights issue is expected to bolster Orient Green Power's financial resilience and provide a stable foundation for long-term growth. It reflects the company's proactive approach to capitalising on favourable market conditions and strengthening its position as a leading contributor to India's renewable energy transition.

Industry analysts view Orient Green Power's rights issue as a positive step towards enhancing shareholder value and supporting sustainable development goals. The move is anticipated to reinforce investor confidence in the company's growth trajectory and contribute to the expansion of clean energy infrastructure across the country.

Infrastructure Energy

14 Oct 2025

Maharashtra Clears Green Power Use For Data Centres

In a major policy boost for India’s expanding digital infrastructure, the Maharashtra government has approved a plan allowing data centres in Mumbai, Navi Mumbai, Thane, and surrounding regions to generate and distribute their own renewable energy. The state energy department issued an order enabling data centre parks and individual units, recognised by the industries department, to set up captive power generation and distribution facilities. The permission applies exclusively to renewable energy sources such as solar, wind, or hydro power. Industry experts have hailed the decision as tran..

Delhi Metro Invites Bids For 500 Million Units Of Green Power

In a significant step towards sustainable urban transport, the Delhi Metro Rail Corporation (DMRC) has invited bids to procure 500 million units of renewable energy annually to power its operations, officials announced on Sunday. According to a statement, DMRC aims to select a solar power developer to establish a grid-connected captive generating plant, complete with a battery energy storage system (BESS), at any location within India. The energy generated will be supplied to DMRC under a 25-year power purchase agreement, with the project slated for completion within 15 months of award. At p..

Women Lead Solar Awareness Drive In Delhi Villages

Women volunteers are leading efforts to encourage clean energy adoption in Delhi’s villages under Tata Power Delhi Distribution Limited’s (Tata Power-DDL) Solar Sakhi Abhiyan, an initiative aligned with the central government’s PM Surya Ghar: Muft Bijli Yojana. Launched recently in Pooth Khurd Village, the programme features 100 Solar Sakhi members — trained women volunteers who act as community ambassadors for solar power. They are responsible for raising awareness of rooftop solar benefits, educating households on clean energy solutions, and linking government policies with communit..