Orient Green Power Company’s Board of director in its meeting held on September 23, 2013 has approved to divest 26% of the Equity shares held in the wholly owned subsidiaries, namely Global Powertech Equipments, Shriram Powergen and Shriram Non- Conventional Energy.
The above was necessitated due to the decision taken to shift to Group Captive Model by the subsidiaries which entails participation of not less than 26% of the shareholding in the subsidiaries by the Group Captive consumers of power.
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.
| Company Name | CMP |
|---|---|
| NTPC | 393.65 |
| Tata Power | 427.45 |
| Adani Power | 198.40 |
| Power Grid Corp | 318.05 |
| Torrent Power | 1565.30 |
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