Hot Pursuit     17-Apr-17
Orient Green Power jumps over 7% in two sessions
Orient Green Power Company rose 3.35% to Rs 10.50 at 14:57 IST on BSE, stretching previous session's gain triggered by the company extending exclusivity pact with IL&FS for merger of wind businesses.
Meanwhile, the S&P BSE Sensex was down 44.83 points, or 0.15% to 29,416.62.

On the BSE, 9 lakh shares were traded in the counter so far, compared with average daily volumes of 1.39 lakh shares in the past one quarter. The stock had hit a high of Rs 11.70 and a low of Rs 10.14 so far during the day. The stock hit a 52-week high of Rs 12.89 on 21 April 2016. The stock hit a record low of Rs 7.84 on 9 November 2016.

The stock had outperformed the market over the past one month till 13 April 2017, rising 2.73% compared with 0.22% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, rising 2.42% as against Sensex's 8.16% rise.

The small-cap renewable energy power producer has equity capital of Rs 739.80 crore. Face value per share is Rs 10.

Shares of Orient Green Power Company (OGPL) rose 3.89% to end at Rs 10.16 on Thursday, 13 April 2017. The stock market was shut on Friday, 14 April 2017, on account of public holiday. The stock has risen 7.36% in two sessions from its close of Rs 9.78 on 12 April 2017.

Earlier on 19 January 2017, OGPL announced that its board of directors approved entering into exclusive discussions with IL&FS Wind Energy to evaluate a potential merger of the wind energy generation businesses of both entities. Both companies had entered into a non–binding agreement with an exclusivity period of 90 days.

OGPL announced during trading hours on Thursday, 13 April 2017, that its board approved further extension of the exclusivity period of the confidentiality and exclusivity agreement as mutually agreed by both the parties earlier.

On a consolidated basis, Orient Green Power Company reported net loss of Rs 69.52 crore in Q3 December 2016 as against net loss of Rs 102.48 crore in Q3 December 2015. Net sales rose 41.11% to Rs 66.11 crore in Q3 December 2016 over Q3 December 2015.

Orient Green Power Company is an independent operator and developer of renewable energy power plants in India. Currently, its portfolio includes biomass, biogas, wind energy and small hydroelectric projects at various stages of development.

Previous News
  Orient Green Power Company reports consolidated net loss of Rs 43.19 crore in the March 2021 quarter
 ( Results - Announcements 28-May-21   15:45 )
  Orient Green Power Company to convene board meeting
 ( Corporate News - 25-Jul-19   11:10 )
  Orient Green Power Company reports consolidated net loss of Rs 85.99 crore in the March 2017 quarter
 ( Results - Announcements 18-May-17   16:00 )
  Orient Green Power Company reports standalone net loss of Rs 4.84 crore in the March 2021 quarter
 ( Results - Announcements 28-May-21   15:12 )
  Orient Green Power Company reports standalone net loss of Rs 92.22 crore in the September 2017 quarter
 ( Results - Announcements 10-Nov-17   15:53 )
  Orient Green Power Company to hold AGM
 ( Corporate News - 09-Jun-22   10:08 )
  Orient Green Power Company Ltd Spikes 4.97%, S&P BSE Utilities index Rises 1.26%
 ( Hot Pursuit - 15-Nov-23   09:30 )
  Orient Green Power Company Ltd Spikes 9.13%, S&P BSE Utilities index Rises 1.59%
 ( Hot Pursuit - 31-Mar-23   09:31 )
  Orient Green Power Company reports consolidated net loss of Rs 2.99 crore in the June 2018 quarter
 ( Results - Announcements 27-Jul-18   16:56 )
  Orient Green Power zooms 43.9% in two sessions
 ( Hot Pursuit - 04-Jan-18   12:10 )
  Orient Green Power Company reports standalone net loss of Rs 13.81 crore in the December 2015 quarter
 ( Results - Announcements 04-Feb-16   18:03 )
Other Stories
  RVNL gains on emerging as L-1 bidder for Rs 133-cr railway project
  03-Jul-24   15:38
  Cholamandalam Financial Holdings Ltd leads losers in 'A' group
  03-Jul-24   15:00
  Sakuma Exports Ltd leads losers in 'B' group
  03-Jul-24   14:45
  NTPC power generation climbs 9.5% YoY in Q1
  03-Jul-24   14:41
  Volumes soar at MMTC Ltd counter
  03-Jul-24   14:30
  Oil and Gas shares fall
  03-Jul-24   14:00
  Real Estate stocks edge lower
  03-Jul-24   14:00
  Energy stocks edge lower
  03-Jul-24   14:00
  Sundaram-Clayton gains after board OKs to raise funds upto Rs 400 cr
  03-Jul-24   13:38
  JSW Infra's subsidiary concession agreement V.O. Chidambaranar Port Authority
  03-Jul-24   13:34
Back Top