Orient Green Power to Raise Rs.2.5 Bn via Rights Issue for Expansion
POWER & RENEWABLE ENERGY

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

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.

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.

Next Story
Equipment

Maharashtra Unveils Rs 113.73 Bn EV Push with Subsidies, Toll Waivers

In a significant move to accelerate clean mobility, the Maharashtra government has approved the Electric Vehicle (EV) Policy 2025, introducing a Rs 113.73 billion package over the next five years to boost EV adoption, manufacturing, and infrastructure. The policy will remain in effect until March 31, 2030, replacing the earlier 2021 policy that expired in March 2025.The new policy provides direct purchase subsidies across all vehicle segments—two-, three-, and four-wheelers, electric buses, commercial vehicles, agricultural EVs, and transport fleets. Electric two-, three-, and non-transport ..

Next Story
Infrastructure Urban

Aadhaar Authentications Cross 27 Billion in FY25

Aadhaar authentication transactions surged past 27.07 billion in FY 2024–25, including 2.47 billion in March alone, reflecting its growing adoption across sectors such as banking, finance, telecom, and public service delivery. Since its inception, the cumulative number of Aadhaar authentication transactions has exceeded 148 billion.The Unique Identification Authority of India’s (UIDAI) AI/ML-based face authentication technology is also witnessing a sharp rise in usage. In March 2025 alone, over 150 million face authentication transactions were recorded. This biometric modality is now used ..

Next Story
Infrastructure Urban

IEPFA Holds Preparatory Meet for 'Niveshak Shivir' Initiative

The Investor Education and Protection Fund Authority (IEPFA), under the Ministry of Corporate Affairs, Government of India, hosted a preparatory meeting on April 28, 2025, with Nodal Officers from stakeholder companies via video conference. The session, chaired by IEPFA CEO Smt. Anita Shah Akella, focused on finalising operational plans for the upcoming ""Niveshak Shivir"" initiative—a joint effort between IEPFA and the Securities and Exchange Board of India (SEBI).""Niveshak Shivir"" aims to improve investor services and streamline the claims process by reaching out to cities with a high nu..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?