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Orient Green Power surges on selling 18,500 RECs worth Rs 5.6 crore

01 Mar 2012 Evaluate

Orient Green Power is currently trading at Rs. 13.40, up by 0.11 points or 0.83% from its previous closing of Rs. 13.29 on the BSE.

The scrip opened at Rs. 13.45 and has touched a high and low of Rs. 13.85 and Rs. 13.15 respectively. So far 145292 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 29.00 on 20-Apr-2011 and a 52 week low of Rs. 8.01 on 30-Dec-2011.

Last one week high and low of the scrip stood at Rs. 14.40 and Rs. 12.83 respectively. The current market cap of the company is Rs. 619.74 crore.

The promoters holding in the company stood at 56.07% while Institutions and Non-Institutions held 20.12% and 23.81% respectively.

Orient Green Power Company (OGPL), a leading independent renewable energy-based power generation company in India, has sold 18,500 ‘Renewable Energy Certificates (RECs)’ worth Rs 5.6 crore on the Indian Energy Exchange. Further, the company plans to generate another 20,000 RECs in March, worth a little over Rs 6 crore.

The company had in January this year sold 6,768 RECs at Rs 3,051 per REC in the exchange, realizing Rs 2.04 crore. The company will, therefore, is expected to earn around Rs 14 crore from REC trading alone. This comes as a major source to Orient Green which has so far made a loss of Rs 22 crore in the current financial year.

OGPL is a renewable energy venture of the Shriram group. The company is a renewable energy producer in India focused on the development, ownership, and operation of wind, biomass and small hydel projects. The company currently has an aggregate installed capacity of 196 MW, comprising 156 MW from wind power and 40 MW biomass projects. It is one of the top two independent operators and developers of wind farms in India based on aggregate installed capacity.

Orient Green Power Share Price

11.03 0.12 (1.10%)
17-Apr-2026 16:59 View Price Chart
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