ORIENT GREEN POWER CO LTD

Generates electricity from wind and solar power across 44 plants in India, with operating capacity of 399 MW at end-FY26 split between 392 MW of wind and 7 MW of solar. Revenue comes from selling power to State Electricity Boards and to industrial and commercial customers seeking renewable supply, typically under long-term arrangements. FY26 total income was Rs 316 cr with a record Rs 72 cr net profit; Q1 FY27 revenue was Rs 81.43 cr, down 7% year-on-year on weaker wind availability. The business is asset-heavy: depreciation runs 29.4% of revenue and capex 65.9% of revenue, while fuel cost is zero because wind and sunlight are free inputs. Capacity is being added through a 17.6 MW solar project and 7.8 MW of wind repowering targeted for commissioning by September 2026, plus a 6.6 MW wind expansion in Karur, Tamil Nadu signed with Renfra Energy on a Rs 62 cr turnkey contract. A larger 25 MW solar project is being built by 70%-owned subsidiary Delta Renewable Energy using Rs 247.09 cr of rights-issue proceeds. Total debt stands at around Rs 535 cr with a blended borrowing cost of 9.1%.