Orient Green Power's Subsidiary to Expand Wind Capacity with Renfra Energy India
Orient Green Power Company Limited announced a significant expansion plan for its installed capacity through its material subsidiary, Beta Wind Farm Private Limited. The expansion involves setting up two Wind Turbine Generators (WTGs), each rated at 3.3 MW, aggregating a total capacity of 6.6 MW.The proposal originated from Renfra Energy India Limited (Renfra), which submitted the opportunity for the installed capacity increase. Following this, Beta offered a Letter of Intent (LOI) to Renfra for the comprehensive supply, installation, and commissioning of the required wind generation units. This project is slated for completion at the Karur District in Tamil Nadu and will be executed on a turnkey basis.
The corporate governance framework swiftly approved the initiative. On May 19, 2026, Renfra provided its acceptance of the LOI. Subsequently, Beta’s Investment / Borrowing / Banking Committee (IBBC) met and, during its session on May 19, 2026, approved the expansion plan. The committee also authorized officials to proceed with finalizing the terms and conditions of the Engineering, Procurement and Construction (EPC) Contract to be signed with Renfra.
The key financial and contractual details surrounding this expansion are as follows:
| Detail | Description |
|---|---|
| Contracting Entity | Renfra Energy India Limited (Renfra) |
| Scope of Work | Supply, install and commission 2 WTGs of 3.3 MW each |
| Total Capacity | 6.6 MW |
| Nature of Contract | Letter of Intent (LOI) for expansion; followed by an EPC Contract |
| Geographical Location | Karur District, Tamil Nadu |
| Estimated Consideration | Approximately Rs. 62 Crores (inclusive of GST) |
| Target Execution Period | On or before July 31, 2026 |
| Contract Status | Domestic Entity; Domestic Contract |
The agreement is structured through the LOI, with the formal EPC Contract anticipated at a later date.
GREENPOWER Stock Price Movement
As of 1:57 PM, shares of Orient Green Power Company Limited are slipping by 2.07% in live trading, currently priced at ₹10.88. The stock sheds ₹0.23 per share, with a total volume of 2.77 million shares traded so far 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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.