Investment1 April 2026 at 01:11 pm
Orient Green Power Company Ltd Allocated 2,33,333 Equity Shares in Delta Renewable Energy Private Limited
AI Summary
Orient Green Power Company Ltd has been allotted 2,33,333 equity shares at face value of Rs. 10 each by M/s. Delta Renewable Energy Private Limited (DELTA) in the fourth tranche of its Preferential issue. This allotment does not change the equity holdings of the Company in DELTA, which remains at 70%. Delta Renewable Energy Private Limited, a subsidiary company, was incorporated on November 29, 2023, and has successfully commissioned a 7 MW AC / 9.8 MW DC solar power project. The company has also entered into an EPC Contract to develop a 17.6 MW AC (24.64 MW DC) solar power project, which is currently under progress.
Key Highlights
- Orient Green Power Company Ltd has been allotted 2,33,333 equity shares in Delta Renewable Energy Private Limited.
- The allotment does not change the equity holdings of the Company in DELTA, which remains at 70%.
- Delta Renewable Energy Private Limited was incorporated on November 29, 2023, and has successfully commissioned a 7 MW AC / 9.8 MW DC solar power project.
- The company has also entered into an EPC Contract to develop a 17.6 MW AC (24.64 MW DC) solar power project, which is currently under progress.