Orient Green Power Company has received an approval for raising Rs 250 crore by issuing of equity shares on a preferential basis. The board of directors at its meeting held on August 19, 2015 has approved for the same. The existing promoter, SVL -- formerly known as Shriram Industrial Holdings -- and/or its subsidiaries will subscribe to shares equivalent to Rs 150 crore.
Orient Green Power is the largest independent operator and developer of renewable energy power plants in the country based on aggregate installed capacity. The company’s portfolio currently includes biomass, biogas, wind energy and small hydroelectric projects at various stages of development.
