Shareholding for the Period Ended December 31, 2016
Orient Green Power Company Ltd has submitted to BSE the Shareholding Pattern for the Period Ended December 31, 2016. For more details, kindly Click here20-01-2017
20-01-2017
Orient Green set to gain further, Board approves a non-binding agreement with IL&FS
Orien Green (OGPL) today announced that the Board of Directors of the firm has approved entering into exclusive discussions with IL&FS; Wind Energy to evaluate a potential merger of the Wind Energy Generation businesses of both entities. The resulting merged entity, if the companies sign on, will have 1.2 GW of operating wind capacity, and will be the largest listed renewable energy company in India. OGPL is in the process of demerging its Wind and Biomass entities into two separate Companies, OGPL (Wind) and Bio-bijlee Green Power Limited (Biomass) respectively. Subsequent to the demerger, OGPL will have an operating wind capacity of 425 MW in FY17 with an additional 43 MW under construction which would be live within the combined entity in FY18. IL&FS; Wind has an operating capacity of 775 MW in FY 17. IL&FS; is also developing an additional 228 MW which the merged entity will be in a strong position to acquire. Both companies have entered into a non–binding agreement with an exclusivity period of 90 days. The stock had gained 11.25% on the tentative news yesterday and is likely set for further gains on Friday.19-01-2017
Further uptrend on cards for Orient Green Power stock
Soars 14% on proposal for merger with IL&FS; 4,500-crore valuation to help19-01-2017
OGPL & IL&FS; to evaluate merging of Wind Businesses
Orient Green Power Company Ltd has informed BSE regarding a Press Release dated January 19, 2017 titled "OGPL & IL&FS; to evaluate merging of Wind Businesses".19-01-2017
Outcome of Board Meeting
Orient Green Power Company Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 19, 2017, has transacted the following:OGPL & IL&FS; to evaluate merging of Wind BusinessesThe Board had approved entering into exclusive discussions with IL&FS; Wind Energy to evaluate a potential merger of the Wind energy generation businesses of the Company and that of IL&FS.;...19-01-2017
Updates on Clarifies on News item
With reference to news appeared in Economic Times dated January 19, 2017 quoting "IL&FS;, Orient Green Plan to Merge Wind Energy Assets", Orient Green Power Company Ltd has now submitted to BSE a copy of further Clarification is enclosed.19-01-2017
Orient Green clarifies on merger rumors
Recent reports on Infrastructure Leasing and Financial Services (IL&FS;) being in talks with Orient Green to merge its wind energy assets have been confirmed by Orient Green today. The company says that a Board Meeting to discuss the proposed merger is taking place today. The all-stock merger is expected to value the combined company at approximately Rs. 4,000-5,000 crore, and would make Orient Green one of the largest listed wind-energy companies in India. The new company would have an operating profit of Rs. 1,200 crore on revenues of Rs. 1,400 crore.19-01-2017
Clarifies on News item
With reference to news appeared in Economic Times dated January 19, 2017 quoting "IL&FS;, Orient Green Plan to Merge Wind Energy Assets", Orient Green Power Company Ltd has submitted to BSE a copy of Clarification is enclosed.19-01-2017
Clarification sought from Orient Green Power Company Ltd
The Exchange has sought clarification from Orient Green Power Company Ltd on January 19, 2017 with reference to news appeared in Economic Times dated January 19, 2017 quoting "IL&FS;, Orient Green Plan to Merge Wind Energy Assets"The reply is awaited.19-01-2017
Intimation of the participation in the Investor's meet
Orient Green Power Company Ltd has informed BSE regarding "Intimation of the participation in the Investor's meet".28-11-2016