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Orient Green Power gains on getting nod to sell 10 MW Biomass Unit on slump sale basis

Orient Green Power Company Ltd. | Power Generation/Distribution | Power | BSE: 533263 | NSE: GREENPOWER

07 Apr 2014 Evaluate

Orient Green Power Company is currently trading at Rs. 10.00, up by 0.21 points or 2.15 % from its previous closing of Rs. 9.79 on the BSE.

The scrip opened at Rs. 10.20 and has touched a high and low of Rs. 10.20 and Rs. 9.27 respectively. So far 8004 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 14.90 on 03-May-2013 and a 52 week low of Rs. 8.54 on 26-Mar-2014.

Last one week high and low of the scrip stood at Rs. 9.90 and Rs. 9.20 respectively. The current market cap of the company is Rs. 568.08 crore.

The promoters holding in the company stood at 76.35 % while Institutions and Non-Institutions held 9.05 % and 14.60 % respectively.

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

10.68 -0.35 (-3.17%)

20-Apr-2026 16:59 View Price Chart

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Orient Green Power gains on getting nod to sell 10 MW Biomass Unit on slump sale basis

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