Investment23 Mar 2026, 07:13 pm
Orient Green Power Company Ltd Acquires 70% Stake in Delta Renewable Energy for Rs. 6 Crore 14 Lakhs
AI Summary
Orient Green Power Company Ltd has acquired 70% stake in Delta Renewable Energy Private Limited for a total consideration of Rs. 6,14,44,900. 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 at Krishnapuram and Veeraganallur Villages, Thiruvallur District, Tamil Nadu. The company has also entered into an EPC Contract to develop a 17.6 MW AC (24.64 MW DC) solar power project at Thiruvannamalai District, Tamil Nadu.
Key Highlights
- Orient Green Power Company Ltd acquires 70% stake in Delta Renewable Energy Private Limited
- Total consideration for the acquisition is Rs. 6,14,44,900
- Delta Renewable Energy has commissioned a 7 MW AC / 9.8 MW DC solar power project
- Delta Renewable Energy has entered into an EPC Contract to develop a 17.6 MW AC (24.64 MW DC) solar power project
- The transaction is at arm's length basis