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

17 Dec 2025

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world�..

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..