Legal28 May 2025, 05:31 pm
Orient Green Power Subsidiary Faces Petition Over Captive Power Plant Status
AI Summary
Orient Green Power Company Ltd. has disclosed that its subsidiary, Beta Wind Farm Private Limited, is named as a respondent in a petition filed by the Tamil Nadu Power Distribution Corporation Limited (TNPDCL) before the Tamil Nadu Electricity Regulatory Commission. The petition seeks to declare that Beta Wind Farm has lost its captive power plant status for the financial years 2014-2015 to 2021-2022. The company is currently assessing the financial impact of this petition, but based on a legal opinion and compliance certificates, it believes the likelihood of any liability is remote.
Key Highlights
- Orient Green Power's subsidiary, Beta Wind Farm Private Limited, is named in a petition by TNPDCL
- The petition seeks to declare that Beta Wind Farm has lost its captive power plant status for FY 2014-2015 to 2021-2022
- The company is assessing the financial impact of the petition
- Based on legal opinion and compliance certificates, the likelihood of any liability is assessed to be remote