- Business
- Orient Green Power Company Limited (GREENPOWER.BO) is an independent power producer focused on the generation and sale of renewable energy, primarily wind power, in India and Croatia. Incorporated in 2006 and headquartered in Chennai, India, the company develops, owns, and operates a diversified portfolio of wind energy projects with an aggregate installed capacity of 382.3 MW as of June 2025, spread across Tamil Nadu, Andhra Pradesh, Gujarat, and Karnataka in India, including a 10.5 MW wind farm in Croatia; it sells power to commercial and industrial customers, state electricity boards, distribution companies, and power traders under long-term power purchase agreements typically lasting approximately 20 years, supplemented by revenue from renewable energy certificates, generation-based incentives, and windmill operation and maintenance services. Subsidiaries such as Beta Wind Farm Pvt Ltd and Clarion Wind Farm Pvt Ltd support its wind operations. In recent developments, the company completed a rights issue in September 2024 raising approximately Rs 250 crore to strengthen its financial position and support expansion; it is upgrading windmill components to enhance efficiency, with a 7 MW solar power plant slated for commissioning by December 2025 and additional capacity additions planned by June 2026; financial performance for the September 2025 quarter showed a 22% year-over-year increase in net profit to Rs 80.94 crore, driven by higher revenues and reduced finance costs following principal repayments and improved credit ratings.