Orient Green Power Subsidiary Signs Wind Power LOI; Shares Slip

Mumbai, May 20: Orient Green Power Company Ltd said its material subsidiary Beta Wind Farm Private Ltd has signed a Letter of Intent (LOI) with Renfra Energy India Ltd for expansion of installed wind power capacity through deployment of two wind turbine generators in Tamil Nadu, according to an exchange filing.

The company stated that the proposed expansion involves installation, supply and commissioning of two wind turbine generators (WTGs) of 3.3 MW each, aggregating to 6.6 MW capacity at Karur district, Tamil Nadu.

As per the disclosure, Renfra Energy India accepted the LOI on Tuesday. The project will be executed on a turnkey basis.

Orient Green Power said the Investment, Borrowing and Banking Committee (IBBC) of Beta Wind Farm approved the expansion proposal and authorised officials to finalise the Engineering, Procurement and Construction (EPC) contract linked to the project.

The company disclosed that the aggregate consideration under the LOI stands at ₹62 crore, inclusive of GST.

Execution of the contract is scheduled on or before July 31, 2026, according to the filing submitted under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company also clarified that the transaction does not involve related party arrangements and promoters do not hold any interest in the awarding entity.

Stock Market Snapshot

Orient Green Power share price declined 0.72% to ₹11.03 as of 03:21 PM IST on May 20, 2026, according to market data.

The stock traded lower despite the wind expansion announcement as broader market movement and renewable energy sector sentiment weighed on trading activity.

Market participants tracked the development as the project adds incremental renewable generation capacity to the company’s operational portfolio.

The proposed installation is expected to strengthen the company’s wind energy presence in Tamil Nadu, one of India’s key wind power generation regions.

About Orient Green Power

Orient Green Power Company Ltd operates in the renewable energy sector with a focus on wind and biomass power generation assets.

The company owns and operates renewable energy projects across multiple states and supplies clean energy through its wind and biomass infrastructure portfolio.

Its business strategy remains focused on capacity expansion, operational efficiency and participation in India’s renewable energy transition.

Conclusion

The ₹62 crore LOI signed by Beta Wind Farm for the 6.6 MW wind project marks an expansion of Orient Green Power’s renewable energy capacity pipeline.

Although the stock traded lower during the session, the project is expected to support the company’s long-term wind energy generation portfolio and execution visibility.

Source:

• https://www.nseindia.com/get-quote/equity/GREENPOWER/Orient-Green-Power-Company-Limited
• https://nsearchives.nseindia.com/corporate/GREENPOWER_20052026134704_SEIntimationBeta200526.pdf