The announcement was made after market hours on Monday, 27 January 2014.

Meanwhile, the S&P BSE Sensex was down 47.23 points or 0.23% at 20,660.22.

On BSE, so far 2,036 shares were traded in the counter as against average daily volume of 22,491 shares in the past one quarter.

The stock hit a high of Rs 11.23 and a low of Rs 10.75 so far during the day. The stock had hit a 52-week high of Rs 15.95 on 27 February 2013. The stock had hit a 52-week low of Rs 9.91 on 9 October 2013.

The stock had underperformed the market over the past one month till 27 January 2014, sliding 8.04% compared with the Sensex's 2.29% fall. The scrip had also underperformed the market in past one quarter, declining 5.85% as against Sensex's 0.12% rise.

The small-cap company has equity capital of Rs 568.08 crore. Face value per share is Rs 10.

Orient Green Power Company (OGPL) said that following the recent commissioning of 3 Biomass units in Narsinghpur (MP) — an unit of the company and Kishanganj,(Rajasthan) and Marikal (AP) units through its subsidiaries, the on ground operational capacity of the company now exceeds 500 megawatts (MW), further cementing its position as one of the leading player in the renewable energy space. As of date, the company's operating capacity stands at 502 MW comprising 416 MW of wind assets and 86 MW of Biomass assets, the company said in a statement.

Commenting on the development, Mr. S. Venkatachalam, Managing Director OGPL, said, "I am pleased to announce that OGPL has achieved an important milestone of establishing operational capacity in excess of 500 MW. Despite several well-known challenges in the power sector, we have soldiered on with our capacity addition plans to attain scale in both of our verticals. This milestone of 500 MW represents capacities which are installed and operating with fuel sourcing arrangements and power offtake contracts in place. In addition to our existing capacity, we are close to commissioning another 40 MW of capacity under our wind and biomass verticals which will help us to further consolidate our position as a leading player in the renewable energy business. With a diverse portfolio of renewable energy assets, remunerative power supply contracts, a steadily increasing inventory of Renewable Energy Certificates and improving grid connectivity across the nation, we believe that we are well placed to deliver growth and accretive returns to our stakeholders".

On a consolidated basis, Orient Green Power Company reported a net loss of Rs 23.73 crore in Q2 September 2013 compared to net profit of Rs 22.54 crore in Q2 September 2012. Net sales declined 24.3% to Rs 99.65 crore in Q2 September 2013 over Q2 September 2012.

OGPL is a leading independent renewable energy power producers in India.