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Orient Green Power Company to sell 10 MW Biomass Unit on slump sale basis

07 Apr 2014 Evaluate

Orient Green Power Company (OGPL) has received an approval to sell whole of the 10 MW Biomass Unit of the company located at Samathur, Karianchettypalayam village, Coimbatore district in state of Tamil Nadu by way of slump sale on a going concern basis, to one of its wholly owned subsidiaries. This step is taken in order to facilitate the unit to sell power on the Group Captive mode in Tamil Nadu which would help in stability of operations and realization.

The board of directors at its meeting held on April 5, 2014 has approved for the same. The above is however subject to the approval of the shareholders and other approvals as may be required for such sale.

Orient Green Company is leading Indian independent renewable energy-based power Generation Company focused on developing, owning and operating a diversified portfolio of renewable energy power plants. The company is the largest independent operator and developer of renewable energy power plants in India based on aggregate installed capacity.

Orient Green Power Share Price

10.60 -0.43 (-3.90%)
24-Apr-2026 16:59 View Price Chart
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