Meanwhile, the S&P BSE Sensex was down 133.43 points, or 0.63%, to 21,121.81

On BSE, so far 2.18 lakh shares were traded in the counter as against average daily volume of 21,133 shares in the past one quarter.

The stock hit a high of Rs 13.60 and a low of Rs 11.99 so far during the day. The stock had hit a 52-week high of Rs 15.95 on 27 February 2013 and a 52-week low of Rs 9.91 on 9 October 2013.

The stock had underperformed the market over the past one month till 10 December 2013, falling 0.44% compared with the Sensex's 2.85% rise. The scrip had also underperformed the market in past one quarter, gaining 4.09% as against Sensex's 6.29% rise.

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

A report indicated that IDFC Alternatives is discussing a large stake buy, possibly a controlling interest, in select wind power assets owned by Orient Green Power Company. The transaction could be valued up to Rs 300 crore, the report added. The deal may involve IDFC buying into fully owned subsidiaries of Orient Green Power, and not into the listed parent.

IDFC Alternatives, a private equity (PE) arm of IDFC and managing assets worth $2.2 billion, has a significant presence in the wind power sector. Orient Green Power Company has existing 406 megawatt wind power and 60.5 megawatt biomass plants.

Meanwhile, Orient Green Power Company in a clarification issued during market hours today, 11 December 2013 termed the report as speculative in nature. “It is hereby clarified that the news item is speculative in nature and does not have any basis and the company is not looking to divest its controlling stake in any subsidiary to any entity,” Orient Green Power Company said.

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