Orient Green Power to expand in green energy sector
POWER & RENEWABLE ENERGY

Orient Green Power to expand in green energy sector

In order to make the most of its current assets, Orient Green Power Company, a member of the Shriram Group, is thinking about expanding its market into the green energy space.

The company announced that it would be looking into hybrid solutions and have a mix of solar and wind energy farms at its existing locations during its board meeting on December 23. The board also discussed about global opportunities in green energy. The government's emphasis on the renewable energy industry offers the business plenty of opportunities to diversify its holdings.

The board also took into account the updates on the rights issue's development along with an increasing value to stakeholders.

The company's managing director also discussed the business's potential to grow up to 1 GW in renewable energy over the following two to three years. The hiring of a consultant to conduct a thorough study that includes ramp-up, financing, and feasibility was also confirmed by the board.

One of the nation's biggest Independent Power Producers of Renewable Energy is Orient Green.

Ravi Singh, Vice president and Head of Research at share India stated, “Orient Green Power Company reported robust net profit growth of 277 per cent in Sept quarter on QoQ. The company aims to expand up to 1 GW in Renewable energy in the next 2-3 years and Govt’s strong focus on green & renewable energy provides a great opportunity for the company to become a key leading player in this segment in the coming years. On technical setup, the momentum indicators and oscillators on the daily chart are suggesting a near term target of 14 levels and if the trend sustains above 14 then the level of 16 is most probable.”

See also:
Green energy giants plan to invest almost Rs 190 billion in UP
Tata Projects inks MoU with CSIR-IIP for green power


In order to make the most of its current assets, Orient Green Power Company, a member of the Shriram Group, is thinking about expanding its market into the green energy space. The company announced that it would be looking into hybrid solutions and have a mix of solar and wind energy farms at its existing locations during its board meeting on December 23. The board also discussed about global opportunities in green energy. The government's emphasis on the renewable energy industry offers the business plenty of opportunities to diversify its holdings. The board also took into account the updates on the rights issue's development along with an increasing value to stakeholders. The company's managing director also discussed the business's potential to grow up to 1 GW in renewable energy over the following two to three years. The hiring of a consultant to conduct a thorough study that includes ramp-up, financing, and feasibility was also confirmed by the board. One of the nation's biggest Independent Power Producers of Renewable Energy is Orient Green. Ravi Singh, Vice president and Head of Research at share India stated, “Orient Green Power Company reported robust net profit growth of 277 per cent in Sept quarter on QoQ. The company aims to expand up to 1 GW in Renewable energy in the next 2-3 years and Govt’s strong focus on green & renewable energy provides a great opportunity for the company to become a key leading player in this segment in the coming years. On technical setup, the momentum indicators and oscillators on the daily chart are suggesting a near term target of 14 levels and if the trend sustains above 14 then the level of 16 is most probable.” See also: Green energy giants plan to invest almost Rs 190 billion in UP Tata Projects inks MoU with CSIR-IIP for green power

Next Story
Resources

Madhya Pradesh Champions Inclusive Tourism at Heritage Sites

On the occasion of World Heritage Day, Madhya Pradesh is taking a significant step toward inclusive tourism by making its historical sites accessible to all — especially persons with disabilities. The state is rolling out its ‘Accessibility Infrastructure and Development’ project at Maheshwar, Mandu, Dhar, and Orchha, aiming to create a more welcoming experience at these iconic cultural destinations.The initiative, under the leadership of Chief Minister Dr Mohan Yadav and Tourism Minister Shri Dharmendra Bhav Singh Lodhi, includes infrastructure upgrades such as ramps, Braille signage, w..

Next Story
Resources

Runwal Realty Onboards Sonam Kapoor as Brand Ambassador

Real estate major Runwal has unveiled a refreshed identity as Runwal Realty, signalling a renewed commitment to crafting spaces that stand the test of time. With this refresh, the brand unveils its new philosophy: “Building for Generations to Come” and welcomes Bollywood star and global fashion icon Sonam Kapoor as its brand ambassador. This evolved identity reflects Runwal Realty’s commitment to creating not just homes, but heirlooms—crafted through visionary design, meticulous planning, global design expertise and an unwavering focus on quality. With the customer at its core, each de..

Next Story
Infrastructure Urban

Emerging Trends in Infrastructure and Transport 2025: KPMG

KPMG’s latest report, The Great Reset: Emerging Trends in Infrastructure and Transport 2025 edition, sheds light on the profound changes transforming the global infrastructure landscape. As industries adapt to the challenges posed by climate change, economic pressures, and technological advancements, the report identifies key trends and provides actionable insights for leaders in infrastructure and transport sectors. “In today’s interconnected world, the lack of standardized supply chain practices is not just an operational challenge—it’s an environmental and economic one. We’..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?