India Ratings Reaffirms and Enhances Rating for Orient Green Power Subsidiary's Facilities
Orient Green Power Company Limited announced developments regarding the credit rating of its subsidiary, Gamma Green Power Private Limited. India Ratings & Research Private Limited has re-affirmed and assigned ratings for the subsidiary's banking facilities, alongside enhancing the outlook to positive from stable.The rating action reflects the expectation of sustained operational and financial performance in the near term for the subsidiary.
The details of the assigned ratings for the banking facilities are presented below:
| Facility | Rated Amount (Rs. in million) | Ratings | Rating Action |
|---|---|---|---|
| Bank Loan facilities | 26.9 (reduced from 144.14) | IND BBB-/Positive | Affirmed; Outlook revised to Positive |
| Bank Loan facilities | 735 | IND BBB-/Positive | Assigned |
The update regarding the credit rating was issued on April 08, 2026.
GREENPOWER Stock Price Movement
Today, Orient Green Power Company Limited rallied strongly, closing at ₹9.89 after gaining 7.03%. The stock traded on robust interest today, recording a significant volume of 6.77 million shares.Source:
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