Orient Green Power Company Ltd
NSE:GREENPOWER
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Orient Green Power Company Ltd
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Orient Green Power Company Ltd
Orient Green Power Co., Ltd. engages in the production and distribution of renewable energy. The company is headquartered in Chennai, Tamil Nadu and currently employs 5 full-time employees. The company went IPO on 2010-10-08. The company is engaged in the business of generation and sale of power using renewable energy sources, such as wind energy. The company is focused on developing, owning, and operating a portfolio of wind energy power plants. The company has an installed operational capacity of about 25 megawatts (MW) of wind assets spread across the states of Tamil Nadu, Andhra Pradesh, Gujarat and Karnataka. The company also owns and operates about 10.5 MW wind power plant in Croatia, Europe. The company focuses on the creation and ownership of renewable energy assets in India and overseas through Bessemer Venture Partners of United States and Olympus Capital Holdings Singapore. Its subsidiaries include Beta Wind farm Private Limited, Bharath Wind Farm Limited, Gamma Green Power Private Limited, Orient Green Power Europe B.V., Orient Green Power (Maharashtra) Private Limited, Statt Orient Energy (Private) Limited and Amrit Environmental Technologies Private Limited.
Orient Green Power Co., Ltd. engages in the production and distribution of renewable energy. The company is headquartered in Chennai, Tamil Nadu and currently employs 5 full-time employees. The company went IPO on 2010-10-08. The company is engaged in the business of generation and sale of power using renewable energy sources, such as wind energy. The company is focused on developing, owning, and operating a portfolio of wind energy power plants. The company has an installed operational capacity of about 25 megawatts (MW) of wind assets spread across the states of Tamil Nadu, Andhra Pradesh, Gujarat and Karnataka. The company also owns and operates about 10.5 MW wind power plant in Croatia, Europe. The company focuses on the creation and ownership of renewable energy assets in India and overseas through Bessemer Venture Partners of United States and Olympus Capital Holdings Singapore. Its subsidiaries include Beta Wind farm Private Limited, Bharath Wind Farm Limited, Gamma Green Power Private Limited, Orient Green Power Europe B.V., Orient Green Power (Maharashtra) Private Limited, Statt Orient Energy (Private) Limited and Amrit Environmental Technologies Private Limited.
Growth Initiatives: OGPL commissioned its first 7 MW solar project and has 28 MW of additional greenfield capacity (18 MW solar, 10 MW wind) under construction, all targeting commissioning by May–June '26.
Repowering Milestone: The company is the first to implement the new Tamil Nadu repowering policy, replacing 10 MW of old wind turbines with 6 MW of new turbines, expected to substantially improve yields and EBITDA.
Financial Performance: Q3 total income was INR 40.06 crores and EBITDA was INR 17.07 crores, in line with last year. 9-month net profit rose 54% YoY to INR 88.13 crores, driven by favorable wind, better availability, and lower finance costs.
Debt Update: Total debt stands at INR 507 crores with a blended interest cost of 9.15% post-refinancing; debt-equity ratio is roughly 2:1.
Profitability Outlook: New projects (solar, wind, repowering) are expected to add INR 36 crores to annual EBITDA and about INR 10 crores to pre-tax profit after finance and depreciation.
Seasonality: Generation remains heavily seasonal, with most output and profitability in the first half of the year due to wind patterns.
No Europe Expansion: OGPL’s European (Croatia) asset remains small and profitable, but there are no plans for further international expansion.
