Orient Green Power Company Limited has informed the Exchange regarding Outcome of Board Meeting held on May 11, 2026 with respect to Financial Results and proposal of merger
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Orient Green Power Company Limited reported its highest ever net profit of Rs. 71.57 Cr in FY26, a 70% jump from Rs. 42.01 Cr in FY25, driven by favorable wind patterns, a one-time refund of Rs. 16 Crores excess interest, and commissioning of its first 7 MW solar plant in December 2025. Total income grew 13% to Rs. 315.57 Crores. The Board approved in-principle mergers of two wholly-owned subsidiaries - Bharath Wind Farm Limited (BWFL) and Orient Green Power Europe B.V. (OGPE) - into the holding company to simplify group structure and reduce administrative expenses. Both are wholly-owned subsidiaries with no cash consideration involved. The mergers are subject to shareholder and statutory approvals including NCLT, Regional Director, and MCA. Interest costs dropped 21% to Rs. 57.18 Crores and the company expanded wind capacity by 9.9 MW.
The record net profit and capacity expansion are positive signals for shareholders. The merger of subsidiaries will simplify the corporate structure without diluting shareholder value, potentially reducing overhead costs and improving operational efficiency.