In the renewable energy sector, Orient Green Power Company has announced ambitions to increase its asset base. According to The Shriram Group Company, expansion opportunities in foreign markets are also being considered.
The government's policy focus on renewable energy remains strong in light of Prime Minister Narendra Modi's vision, the company said. As a result, the company sees plenty of opportunities for expansion through a hybrid model of wind energy and solar energy. According to the company, it aims to maximize current assets by using a combination of solar and wind energy at existing locations. In the following two to three years, the corporation planned to increase its use of renewable energy by up to 1 GW.
Government's Push For Renewable Energy Sector
The domestic brokerage firm Share India, whose vice president and head of research, Ravi Singh, recorded a strong 277 percent increase in net profit in the preceding quarter. Soon, the counter will reach level 14. The following objective is Rs 16.
One of the nation's biggest Independent Power Producers of Renewable Energy is Orient Green. As of June 2022, the company's portfolio of wind assets totalled 402.3 MW and was distributed throughout the states of Tamil Nadu, Andhra Pradesh, Gujarat, and Karnataka. It also included a minor wind farm in Croatia with a capacity of 10.5 MW. The company lists Olympus Capital Holdings Asia and Bessemer Venture Partners of the United States among its partners.
The updates on the status of the rights problem were also discussed by the board at its meeting. In addition, the board approved the hiring of a consultant to do a thorough analysis that will cover ramp-up, funding, and feasibility.
On, January 3, the price of Orient Green shares increased 6% to Rs 11.60 a share. The stock's 52-week trading ranges between Rs 28.45 and Rs 6.80.
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Technology is a useful servant, but a dangerous master, it was rightly said. Electronic devices have grown into an inevitable part of our daily lives.
