Orient Green Power Company Limited has informed the Exchange regarding 'Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015'.
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Awaiting price reaction for this filing.
Orient Green Power, through its wholly-owned subsidiary Delta Renewable Energy Private Limited, is setting up a 25 MW AC (35 MW DC) solar power project in Tamil Nadu. The Rights Issue Committee has approved executing the project through multiple EPC contractors across different locations to speed up work. As a first step, an EPC contract has been awarded to Remon Solutions Private Limited for a 7 MW AC (9.8 MW DC) portion in Tiruttani Taluk, Thiruvallur District. The Board had earlier authorised the Committee to finalise terms, including the option to change vendor, technology, capacity and location within Tamil Nadu. This is an update to the earlier intimation dated December 02, 2024.
Positive for execution momentum — the company is breaking the project into smaller packages and awarding contracts to multiple EPC vendors, which should help complete the solar project faster. No direct financial impact on shareholders from this update, but progress on the greenfield project is a positive operational signal.