Orient Green Power cuts right issue size; stock soars 240% in a year
Sat, Feb 3, 2024 1:14 PM

Orient Green Power cuts right issue size; stock soars 240% in a year

A Flip by Avya Verma
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Orient Green Power plans to raise Rs 250 crore through a rights issue after revising the proposed size downwards. This renewable energy company has seen a surge in its stock price, driven by the government's focus on green energy in the Budget. It has also announced plans to develop solar projects in Tamil Nadu. For the quarter ended September 2023, the company reported a net profit of Rs 75 cr.

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