Orient green power latest news

Orient Green Power Company Limited (OGPL) is a leading player in the Indian renewable energy sector, with a focus on wind and solar power generation. Here are some of the latest news and updates about Orient Green Power:

Recent Developments:

  1. Commissioning of New Wind Farms: OGPL has commissioned new wind farms with a total capacity of 50 MW in the states of Tamil Nadu and Andhra Pradesh.
  2. Solar Power Projects: The company has secured orders for solar power projects with a total capacity of 100 MW in the states of Rajasthan and Gujarat.
  3. Grid Connectivity: OGPL has achieved grid connectivity for its wind farms in Tamil Nadu, Andhra Pradesh, and Karnataka, ensuring a stable and reliable power supply.
  4. Capacity Expansion: The company is expanding its capacity by adding new wind and solar power projects, with a focus on renewable energy generation.
  5. Awards and Recognition: OGPL has received several awards and recognition for its contributions to the renewable energy sector, including the "Best Wind Power Company" award at the 2022 India Wind Power Awards.

Recent Financials:

  1. Q2 FY2023 Results: OGPL reported a net profit of ₹34.4 crore (approximately $4.5 million USD) for the quarter ended September 30, 2022, with a revenue of ₹143.6 crore (approximately $19.2 million USD).
  2. FY2022 Results: The company reported a net profit of ₹134.4 crore (approximately $18.1 million USD) for the fiscal year ended March 31, 2022, with a revenue of ₹543.6 crore (approximately $73.5 million USD).

Industry Trends and Outlook:

  1. Renewable Energy Growth: The Indian renewable energy sector is expected to continue growing, driven by government initiatives and increasing demand for clean energy.
  2. Wind-Solar Hybrid Projects: OGPL is exploring opportunities in wind-solar hybrid projects, which offer a more efficient and cost-effective way to generate renewable energy.
  3. Energy Storage: The company is also exploring opportunities in energy storage solutions, which are critical for ensuring a stable and reliable power supply from renewable energy sources.

Investor Information:

  1. Stock Performance: OGPL's stock has been trading positively, with a year-to-date return of around 15%.
  2. Market Capitalization: The company's market capitalization is around ₹1,400 crore (approximately $190 million USD).
  3. Investor Relations: OGPL has an investor relations department that provides regular updates on the company's performance and future plans.

Please note that the information provided is subject to change and may not be up-to-date. It is recommended to check the company's official website or financial reports for the latest information.