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Orient Green moves up on plan of raising Rs 81 crore through sale of Maharashtra biomass plant

29 Aug 2016 Evaluate

Orient Green Power Company is currently trading at Rs. 10.07, up by 0.02 points or 0.20% from its previous closing of Rs. 10.05 on the BSE.

The scrip opened at Rs. 10.10 and has touched a high and low of Rs. 10.10 and Rs. 10.00 respectively. So far 2859 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 18.48 on 30-Dec-2015 and a 52 week low of Rs. 9.91 on 23-Aug-2016.

Last one week high and low of the scrip stood at Rs. 10.30 and Rs. 9.91 respectively. The current market cap of the company is Rs. 744.98 crore.

The promoters holding in the company stood at 71.52%, while institutions and non-institutions held 7.76% and 20.72% respectively.

Orient Green Power Company is all set to raise Rs 81 crore through the sale of its 20 MW biomass plant near Kolhapur in Maharashtra, to Singapore-based Sindicatum Captive Power. The Kolhapur plant is one of the five-six (out 12 owned) that Orient Green intends to sell.

Sindicatum is a renewable energy company that has solar, biomass and waste-to-energy assets in Asia. It owns two bagasse-fired plants in Uttar Pradesh with a capacity of 60 MW and is building another similar 15 MW plant in Punjab.

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.

Orient Green Power Share Price

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