<h1>Orient Green Power Completes Preferential Allotment in Subsidiary Delta Renewable Energy</h1>
Orient Green Power Company Limited has completed a significant investment tranche into its subsidiary, Delta Renewable Energy Private Limited (Delta). The company allotted 2,19,59,094 Equity shares at a face value of Rs. 10 each during the fifth tranche of Delta’s Preferential issue. This transaction underscores Orient Green Power’s commitment to developing renewable energy capacity through its subsidiary structure.
The allotment was executed involving Delta Renewable Energy Private Limited, which was incorporated on November 29, 2023. The acquisition involved a total expenditure of Rs. 21,95,90,940 (Rupees Twenty-One Crores Ninety-Five Lakhs Ninety Thousand Nine Hundred and Forty Rupees only).
The transaction resulted in the pre and post issue shareholding of Orient Green Power Company Limited in Delta remaining unchanged at 70%. The total number of Equity shares offered to allottees in this tranche was 3,13,70,134.
Operational Status of Delata and Investment Overview
Delta Renewable Energy Private Limited operates within the Renewable Energy sector. The company’s post issue paid-up equity share capital stands at Rs. 44,31,28,000/-.The acquisition is noted as a related party transaction, which is being conducted on an arm's length basis, given that Orient Green Power holds a 70% equity stake in the entity. The company promoted Delta to develop renewable energy capacity and subscribed to its shares through this preferential allotment.
Orient Green Power Company Limited has been actively involved in solar power project development. The company successfully commissioned a 7 MW AC solar power project located at Krishnapuram and Veeraganallur Villages in Thiruvallur District, Tamil Nadu. Furthermore, the company entered into an EPC Contract to develop a 17.6 MW AC solar power project at Thiruvannamalai District, Tamil Nadu, which is currently under progress as of December 05, 2025.
Key details regarding the investment and entity are summarized below:
| Particulars | Details |
|---|---|
| Target Entity Name | Delta Renewable Energy Private Limited (Delta) |
| Industry | Renewable Energy |
| Shares Acquired by Orient Green Power | 2,19,59,094 Equity shares |
| Cost of Acquisition | Rs. 21,95,90,940 |
| Post-issue Shareholding in Delta | 70% (Unchanged) |
| Status of Investment | The tranche is the final one for the preferential issue into Delta. |
GREENPOWER Stock Price Movement
Today, the shares of Orient Green Power Company Limited shed 1.91%, settling at ₹10.23 after trading closed. The equity was volatile throughout the session, moving between a high of ₹10.46 and a low of ₹10.21 as over 1.97 million shares were transacted today.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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