Orient Green Power Reports Highest Net Profit in History for FY26; Approves Multiple Mergers

Orient Green Power Reports Highest Net Profit in History for FY26; Approves Multiple Mergers​

Orient Green Power Company Limited, a leading independent renewable power producer, reported key financial results for the fiscal year (FY) 2026. The company announced its highest net profit in its operating history for FY26. Alongside the financial updates, the Board of Directors also accorded in-principle approvals for multiple strategic mergers involving wholly-owned subsidiaries.

Financial Performance Overview for FY26​

The company achieved significant financial milestones in FY26. Key financial figures for the consolidated entity show a Total Income of ₹ 315.57 Cr and a Net Profit of ₹ 71.57 Cr. This represents a 70% increase in Net Profit compared to the previous year (₹ 42.01 Cr).

The financial performance for the quarter and year ended March 31, 2026, can be summarized as follows:


The company also noted that interest costs saw a reduction from ₹ 71.99 crores to ₹ 57.18 crores, representing approximately a 21% decrease.

Merger and Consolidation Approvals​

The Board of Directors, at its meeting on May 11, 2026, approved two major merger proposals:

1. Bharath Wind Farm Limited (BWFL): The Board granted in-principle approval for the proposal to merge BWFL (a wholly-owned subsidiary) into Orient Green Power Company Limited (OGPL).
2. Orient Green Power Europe B.V. (OGPE): Separately, the Board approved the in-principle merger of OGPE (another wholly-owned subsidiary) into OGPL.

In addition to these, promoter company SVL Limited informed that the National Company Law Tribunal, Chennai, had allowed the scheme for merger by absorption of Nivedana Power Private Limited (NPPL) and Syandana Energy Private Limited (SEPL) into SVL. This consolidation would lead to the cessation of NPPL and SEPL while maintaining the aggregate promoter shareholding of 24.38% in the Company.

Operational Expansion and Capacity Initiatives​

Orient Green Power highlighted significant capacity enhancements and strategic initiatives during the period:

• Solar and Wind Capacity: The company has commissioned its first solar power plant of 7 MW in December 2025. The company also expanded its wind capacity by 9.9 MW using 3 X 3.3 MW larger capacity turbines and initiated repowering activities for 7.8 MW of old wind turbine capacity, a first under the new repowering policy of Tamil Nadu.
• Credit Rating: In positive developments, Beta Wind Farm Private Limited’s long-term bank facilities rating was upgraded to 'IVR BBB with Stable outlook' by Infomerics Valuation and Rating Limited. Additionally, India Ratings & Research Private Limited revised the rating outlook to Positive from Stable for the bank loan facilities of Gamma Green Power Private Limited and Clarion Wind Farm Private Limited.

Corporate Structure and Funding Moves​

The company also executed several corporate action and structuring events:

• Preferential Allotment: In the financial year 2026, M/s. Delta Renewable Energy Private Limited (DELTA) underwent a preferential issue of equity shares in four tranches. During the year, the holding company’s shareholding in DELTA reduced from 100% to 70%.
• Funds Utilization: Orient Green Power utilized Rs. 17,864.55 lakhs towards the objects of the rights issue, primarily for investing in Delta Renewable Energy Private Limited, which was aimed at developing the 25.00 MW AC Solar Power Project in Tamil Nadu.

The company’s commitment to sustainable growth was further demonstrated by the commitment to the solar sector, where the Rights Issue Committee approved increasing the solar project capacity from an initial 19.8 MW AC project to a revised 24.6 MW AC.

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Key Financial Highlights (Consolidated)​

The financial results for the quarter and year ended March 31, 2026, showed the following key figures:

GREENPOWER Stock Price Movement​

Today, Orient Green Power Company Limited shares edged higher, settling at ₹12.24 after gaining 0.99% in post-market trading. The stock saw significant investor interest, posting a robust total volume of 10.12 million shares.