Penny Stock Under Rs 20: Orient Green Power Subsidiary To Expand Wind Capacity With 6.6 MW Project In Tamil Nadu
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Orient Green Power Company’s subsidiary Beta Wind Farm Private Ltd approved expansion of installed wind power capacity through setting up of two 3.3 MW wind turbine generators in Tamil Nadu under a Rs 62 crore turnkey project
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The Indian equity markets traded higher on Wednesday, with the benchmark Nifty 50 index rising 0.16 per cent to 23,656.75 during the session. Renewable energy and power sector stocks remained in focus amid capacity expansion announcements and clean energy investments. In this segment, Orient Green Power Company traded 1.71 per cent lower at Rs 10.92 after the company announced expansion of wind power capacity through its subsidiary.
Orient Green Power Expansion Update
Orient Green Power informed exchanges that its material subsidiary, Beta Wind Farm Private Limited, has approved expansion of installed wind power capacity aggregating to 6.6 MW.
The company stated that Beta Wind Farm received a proposal from Renfra Energy India Limited for expansion of installed capacity and subsequently issued a Letter of Intent (LOI) for supply, installation and commissioning of two Wind Turbine Generators (WTGs) of 3.3 MW each at Karur District, Tamil Nadu on a turnkey basis.
According to the filing, Renfra Energy India accepted the LOI on May 19, 2026, following which the Investment / Borrowing / Banking Committee of Beta Wind Farm approved the expansion proposal and authorised officials to finalise terms for the Engineering, Procurement and Construction (EPC) contract.
Orient Green Power Project Details
The company stated that the total consideration for the project is around Rs 62 crore, inclusive of GST. The contract is expected to be executed on or before July 31, 2026.
The project involves installation of two 3.3 MW wind turbine generators aggregating to 6.6 MW capacity and will be developed in Karur District, Tamil Nadu. The company also clarified that the transaction does not fall under related party transactions.
About Orient Green Power
Orient Green Power Company Ltd is engaged in renewable energy generation with operations across wind, biomass and small hydro power segments. The company owns and operates renewable energy assets across multiple Indian states.
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Add NowDisclaimer: This article is for informational purposes only and not investment advice.