Orient Green Power Share Price

Orient Green Power Company Limited, headquartered in Tamil Nadu, operates as an independent renewable energy power producer. The company generates and sells electricity primarily from wind energy assets across India and Croatia as of FY 2024-25. It has an aggregate installed capacity of over 400 megawatts and operates under the SVL Limited promoter group. Orient Green Power manages a portfolio of wind farms across Tamil Nadu, Andhra Pradesh, Karnataka, Rajasthan, and Gujarat. The company has also expanded into solar energy through its subsidiary, Delta Renewable Energy Private Limited. Its workforce supports plant operations, maintenance, and corporate functions to ensure consistent electricity generation. Orient Green Power’s share price reflects the company’s operational performance, including seasonal wind variations, debt levels, and quarterly earnings cycles. The stock serves as a reference for small-cap renewable energy sector sentiment in India, with price movements linked to installed capacity utilization and power purchase agreement (PPA) realizations

Orient Green Power Company Limited Company Fundamentals

(A) Company Background

Orient Green Power Company Limited (OGPL) was incorporated on 6 December 2006 under the Companies Act in Chennai, Tamil Nadu, and the certificate for commencement of business was issued in January 2007.

The company is an independent renewable power producer primarily focused on wind energy generation in India and Europe.

OGPL is listed on the BSE (Bombay Stock Exchange) and the NSE (National Stock Exchange) with the symbols 533263 and GREENPOWER respectively; its IPO was priced at ₹47 per share in October 2010.

The promotional/ownership structure has evolved over time; historically it was associated with Shriram EPC and private equity investors, but those entities are no longer promoters as of recent regulatory disclosures.

The corporate office is at Bascon Futura SV, T. Nagar, Chennai, Tamil Nadu, India.

While OGPL had interests in biomass and biogas historically, its current portfolio as of FY2024‑25 is largely wind energy, with selective solar additions underway, reflecting strategic prioritization.

(B) Company Product Lines

As of FY2024‑25, OGPL’s operational portfolio and business activities include:

1. Wind Energy Generation and Sale
   The company develops, owns, andoperates wind energy assets in India and Europe (Croatia), selling power to state distribution companies and other off‑takers.
   Wind capacity is located across Tamil Nadu, Andhra Pradesh, Gujarat, Karnataka, and a 10.5 MW wind farm in Croatia, Europe.
2. Renewable Energy Certificates (RECs), Incentives & O&M Services
   Beyond electricity sales, OGPL earns revenue from REC trading, generation‑based incentives (GBIs), and operations & maintenance (O&M) services for wind assets, including those owned by third parties.
3. While biomass/biogas were earlier business verticals, these assets were divested in the mid‑2010s and are not part of the current core revenue mix.

Customers include state electricity distribution companies (DISCOMs) and industrial/group‑captive buyers benefiting from renewable power supply arrangements.

(C) Company Revenue Model

OGPL primarily earns its income through:

• Sale of power generated from wind assets under long‑term power purchase agreements (PPAs) and merchant/other off‑take arrangements.
• Revenue from REC trading and generation‑based incentives, supportive of renewable energy economics.
• O&M service fees from managing wind assets, including third‑party O&M contracts.

Financial performance is influenced by wind availability, tariff structures, and cost components such as debt servicing — an important driver of profitability and valuation, as seen in recent annual results.

(D) Geographic Presence

Headquarters:
Bascon Futura SV, 4th Floor, No. 10/1, Venkatanarayana Road, T. Nagar, Chennai, Tamil Nadu, India.

Operational Footprint:

• India: Wind energy assets across Tamil Nadu, Andhra Pradesh, Gujarat, Karnataka.
• Europe: A 10.5 MW wind generation project in Croatia.

As of March 31, 2025, the aggregate installed operational capacity stood at approximately 402.3 MW, covering Indian and Croatian wind assets, with additional small solar capacity projects commissioned.

(E) Leadership

Orient Green Power leadership as March 2026

• T Shivaraman – Executive Director, Managing Director, Chief Executive Officer
• Kirithika Mohan – Company Secretary, Compliance Officer
• Ms. J. Kotteswari – Chief Financial Officer
• Mr. R Kannan – Chief Operating Officer
• Mr. V Jayanarayanan – Group Financial Controller
• R. Ganapathi – Non Executive Director
• K S Sripathi – Chairman & Independent Director
• Chandra Ramesh – Independent Director
• Sannovanda Machaiah Swathi – Independent Director
• P Krishnakumar – Independent Director

(F) Key Milestones

• 2006 – Company incorporated on 6 December 2006 in Chennai, Tamil Nadu.
• 2008–2010 – Grew wind and renewable business through investments and acquisitions leading up to public listing.
• 2010 – Listed on BSE and NSE; IPO priced at ₹47 per equity share.
• Mid‑2010s – Biomass and biogas assets were divested as part of strategic focus on wind energy.
• 2024 – Rights issue executed to support renewable energy capacity expansion, including solar/hybrid projects.
• 2025 – Aggregate installed capacity reached about 402.3 MW (primarily wind with small solar additions) by March 2025.

(G) Industry Perspective

India’s wind energy sector underwent a significant transition across FY 2020-21 to FY 2024-25, driven by the government’s ambitious renewable energy capacity targets and the accelerating shift away from fossil fuel-based generation. The country’s installed wind capacity grew consistently across this period, supported by MNRE (Ministry of New and Renewable Energy) auction frameworks and state-level renewable purchase obligation (RPO) mandates requiring DISCOMs to source a minimum share of power from clean energy sources.

Wind energy generation in India is inherently seasonal, with monsoon and post-monsoon quarters typically delivering peak generation volumes while summer quarters remain below-average due to lower wind speeds. This seasonal demand cycle has historically created quarterly earnings volatility for wind IPPs (Independent Power Producers). The repowering of older, lower-capacity wind turbines with modern high-efficiency units has emerged as a key structural trend, with repowered sites delivering materially higher plant load factors. Orient Green Power operates within this structurally expanding but operationally complex sector. Orient Green Power share price has reflected industry-wide earnings seasonality closely. Orient Green Power stock price has tracked wind sector capacity growth and debt reduction themes through FY 2024-25.

Orient Green Power Company Limited Stock Market Presence – Listing And Index Representation

Orient Green Power is listed on NSE (National Stock Exchange) under symbol GREENPOWER and BSE (Bombay Stock Exchange) under code 533263. Its International Securities Identification Number (ISIN) is INE999K01014. The company listed on 8 October 2010 following an IPO that raised a substantial sum through a fresh issue of equity shares. As of FY 2024-25, the stock forms part of BSE SmallCap indices without inclusion in broader benchmark indices. Orient Green Power share price has remained in a multi-year low range through most of FY 2024-25, reflecting debt overhang and quarterly net losses in certain periods. Orient Green Power earnings showed full-year profitability improvement in FY 2024-25 relative to FY 2023-24. Orient Green Power stock price demonstrated limited secondary market liquidity. Orient Green Power live price is tracked by renewable energy sector investors on both exchanges.

Orient Green Power Company Limited Stock Market Presence – Listing and Index Representation

Orient Green Power is listed on the National Stock Exchange (NSE) under the symbol GREENPOWER and on the Bombay Stock Exchange (BSE) under code 533263. Its International Securities Identification Number (ISIN) is INE999K01014. The company went public on 8 October 2010 through an IPO that issued fresh equity shares. As of FY 2024-25, Orient Green Power forms part of BSE SmallCap indices but is not included in larger benchmark indices such as BSE Sensex or NSE Nifty. The stock has experienced multi-year low trading ranges through most of FY 2024-25 due to debt obligations and periodic net losses. Its earnings showed improvement on a full-year basis compared to FY 2023-24, while secondary market liquidity remained limited. Investors in the renewable energy sector track the live share price on both NSE and BSE to monitor its performance relative to sector peers.

Orient Green Power Company Limited Stock Performance and Share Price History

Since its IPO listing at ₹47 in October 2010, Orient Green Power share price has experienced a prolonged decline through FY 2020-21 to FY 2024-25, influenced by debt servicing pressures and limited earnings growth. The one-year compound annual growth rate (CAGR) for FY 2024-25 was negative, with the stock remaining near multi-year lows. Over a three-year CAGR period from FY 2022-23 to FY 2024-25, modest positive returns were observed, supported by gradual debt reduction. The five-year CAGR from FY 2020-21 to FY 2024-25 reflects periods of consolidation with occasional recovery linked to capacity expansion announcements. Investor sentiment has been cautious due to the company’s debt-heavy balance sheet, while volatility has remained moderate within the small-cap renewable energy segment.

Orient Green Power Company Limited Investor Relevance and Role in Portfolio

Orient Green Power attracts investors focused on India’s wind energy sector, the company’s operational wind portfolio, and ongoing debt reduction efforts. Investors observing the share price during multi-year lows consider it a potential entry point into an operational wind IPP with contracted revenue streams. In FY 2024-25, the Price-to-Earnings (P/E) ratio remained elevated due to modest earnings, making value assessment reliant on metrics such as EV/EBITDA. The company’s fundamentals include a fully operational wind portfolio, improving EBITDA, and a solar expansion pipeline funded through rights issues. Earnings per share (EPS) improved for FY 2024-25, while no dividend was declared. Orient Green Power’s market capitalization places it firmly in the small-cap renewable energy segment, offering a niche investment profile relative to larger peers.

Orient Green Power Company Limited Sectoral Relevance and Peer Positioning

Within India’s listed renewable energy sector, Orient Green Power is often compared with Inox Wind Limited, Suzlon Energy Limited, KPI Green Energy Limited, Greenko Group, and Mytrah Energy Limited. The company is recognized as a smaller, wind-focused independent power producer (IPP) with an older turbine fleet and international operations in Croatia, distinguishing it from purely domestic renewable energy operators. Its market capitalization is below that of large-cap renewable peers, positioning it in a niche small-cap category. Retail investors dominate trading activity, with selective institutional participation linked to debt reduction and solar diversification strategies. Orient Green Power’s strengths include contracted PPA revenues, while weaknesses involve legacy debt and aging turbines. Opportunities exist in solar expansion and repowering projects, and risks include wind variability and PPA tariff revision exposure.

Conclusion

Orient Green Power Company Limited operates as an established independent renewable energy producer, primarily in wind energy with a growing solar presence. Its stock performance reflects operational performance, debt levels, and sector trends in small-cap renewable energy. Listed on NSE and BSE, the company continues to monitor installed capacity utilization, PPAs, and earnings cycles to inform investors. With a diversified portfolio across multiple Indian states and international assets in Croatia, the company maintains operational continuity and expansion potential. Its market positioning, sectoral relevance, and historical share price performance provide a clear understanding of its role within India’s renewable energy landscape.