Orient Green Power Limited (OGPL) is a leading Indian renewable energy company that specializes in the development, construction, operation, and maintenance of renewable energy projects. The company was founded in 2006 and is headquartered in Chennai, India.
OGPL has a diverse portfolio of renewable energy assets, including wind, biomass, and small hydroelectric power plants. As of September 2021, the company has a total installed capacity of 772.30 MW, with 425.70 MW of wind power, 339.60 MW of biomass power, and 7 MW of small hydro power.
Table of Contents
Orient Green Power Overview
OGPL has a strong presence in the Indian renewable energy market and has a track record of developing innovative and sustainable projects. The company is committed to reducing India’s dependence on fossil fuels and promoting sustainable development through the use of renewable energy.
In 2021, Orient Green Power Limited announced a strategic partnership with Japan’s Nippon Life Insurance to develop renewable energy projects in India. The partnership aims to leverage Nippon Life’s expertise in project finance and OGPL’s experience in renewable energy to develop innovative and sustainable projects in India.
Business Model of Orient Green Power Limited
The business model of Orient Green Power Limited (OGPL) is centered around the development, construction, operation, and maintenance of renewable energy projects in India. The company’s primary source of revenue is from the sale of electricity generated from its renewable energy projects.
OGPL operates in three segments:
- Wind Power: The company develops and operates wind energy projects in various states of India. OGPL generates revenue from the sale of electricity generated from these projects to state electricity boards, distribution companies, and other industrial consumers.
- Biomass Power: OGPL develops and operates biomass-based power projects, which generate electricity by using agro-industrial waste and other biomass feedstock. The company sells the generated electricity to various state electricity boards and industrial consumers.
- Small Hydro Power: OGPL operates small hydroelectric power projects, which generate electricity using the potential energy of water. The company sells the generated electricity to state electricity boards and industrial consumers.
Orient Green Power Share Price
The shares of Orient Green Power Limited (OGPL) are listed on the National Stock Exchange of India (NSE) and the Bombay Stock Exchange (BSE). OGPL has a total of 508,586,385 outstanding shares, which are traded on both stock exchanges.
As of February 21, 2023, the market price of OGPL’s stock on the NSE was approximately 8.90 Indian Rupees (INR) per share, and on the BSE it was approximately 8.75 INR per share.
| Company Name | Orient Green Power Limited (OGPL) |
| Share Name | GREENPOWER |
| Founded in | 2006 |
| Headquarters | Chennai |
| CEO | MR. T. Shivaraman |
| Revenue | ₹37.38 Crore (FY 2022) |
| Market Capitalization | INR 664 Crore |
| Primary Exchange | NSE, BSE |
| Official Website | Click Here |
Shareholding of Orient Green Power
Orient Green Power Limited (OGPL) has a diversified shareholding pattern. Here is a breakdown of the major shareholders and their respective holdings:
- Shriram Ventures Limited: 55.81%
- IL&FS Energy Development Company Limited: 17.22%
- Orix Corporation: 10.00%
- Bessemer India Capital Holdings II Ltd: 7.59%
- Others: 9.38%
Orient Green Power Share Price Target 2023, 2024, 2025, 2026, 2027, 2030, 2040, 2050
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2023 | ₹12 | ₹16 |
| 2024 | ₹18 | ₹22 |
| 2025 | ₹23 | ₹28 |
| 2026 | ₹30 | ₹34 |
| 2027 | ₹35 | ₹41 |
| 2030 | ₹52 | ₹60 |
| 2040 | ₹115 | ₹125 |
| 2050 | ₹225 | ₹260 |
Note:- “That these share price targets for “Orient Green Power Share” are only provided for the purpose of reference and that this prediction will only hold true in the event that there is optimism in the market. Any uncertainties regarding the company or the current state of the global market will not be addressed in this analysis.”
Read Also – Tata Motors Share Price Target 2023, 2024, 2025, 2026, 2030
– Tata Power Share Price Target 2023, 2024, 2025, 2026, 2030
– Trident Group Share Price Target 2023, 2024, 2025, 2026, 2030
– JP Power Share Price Target 2023, 2024, 2025, 2026, 2030
– Vodafone Idea Share Price Target 2023, 2024, 2025, 2026, 2030
– Yes Bank Share Price Target 2023,2024,2025,2026,2030
– HDFC Bank Share Price Target 2023, 2024, 2025, 2026, 2027, 2030
– ICICI Bank Share Price Target 2023, 2024, 2025, 2026, 2027, 2030
– Bank of Baroda Share Price Target 2023. 2024, 2025, 2026, 2027, 2030
orient green power subsidiaries and joint ventures
Orient Green Power Company Limited is an Indian renewable energy company that focuses on the development, construction, and operation of wind and biomass power plants. As of my knowledge cutoff date of September 2021, some of its subsidiaries and joint ventures are:
- Orient Green Power (Maharashtra) Private Limited: This is a wholly-owned subsidiary of Orient Green Power. The company has developed and operates a 51 MW wind power project in Maharashtra, India.
- Bio-Gen Power (India) Private Limited: Orient Green Power has a 51% stake in this joint venture with Leitwind Shriram Manufacturing Limited. The company focuses on developing, constructing, and operating biomass-based power projects in India.
- Orient Green Power (Devikulam) Private Limited: This is a wholly-owned subsidiary of Orient Green Power. The company has developed and operates a 12 MW small hydro power project in Devikulam, Kerala.
- Orient Green Power (Dhar) Private Limited: This is a wholly-owned subsidiary of Orient Green Power. The company has developed and operates a 20 MW wind power project in Dhar, Madhya Pradesh.
- Wind World (India) Limited: Orient Green Power has a 26% stake in this joint venture with Wind World (India) Limited. The joint venture focuses on the development, construction, and operation of wind power projects in India.
Orient Green Power Share Price Target 2023
During the fiscal year 2020-2021, OGPL reported a consolidated revenue of Rs. 357.87 crores (approximately $48 million USD), compared to Rs. 422.98 crores (approximately $57 million USD) in the previous fiscal year. The decrease in revenue was primarily due to lower power generation from wind and biomass projects and lower realization from power sales during the year. Orient Green Power share price target 2023 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2023 | ₹12 | ₹16 |
Orient Green Power Share Price Target 2024
the company’s consolidated net profit increased to Rs. 14.03 crores (approximately $1.9 million USD) compared to a net loss of Rs. 43.29 crores (approximately $5.8 million USD) in the previous fiscal year. This was attributed to the reduction in finance costs and other expenses, as well as higher profit margins from OGPL’s wind and biomass projects. Orient Green Power share price target 2024 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2024 | ₹18 | ₹22 |
Orient Green Power Share Price Target 2025
The company’s earnings per share (EPS) for the year increased to Rs. 0.05 compared to a negative EPS of Rs. 0.16 in the previous year. OGPL’s Board of Directors recommended a dividend of Rs. 0.10 per share for the year. Orient Green Power share price target 2025 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2025 | ₹23 | ₹28 |
Orient Green Power Share Price Target 2026
In June 2021, OGPL announced that it had received approval from its shareholders to delist the company’s shares from the Indian stock exchanges.In July 2021, OGPL announced that its board had approved the proposal to voluntarily delist the company’s shares from the stock exchanges. Orient Green Power share price target 2026 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2026 | ₹30 | ₹34 |
Orient Green Power Share Price Target 2027
As of September 2021, the delisting process was ongoing, and the company had requested the Indian stock exchanges to appoint an independent valuer to determine the floor price for the delisting offer. Orient Green Power share price target 2027 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2026 | ₹35 | ₹41 |
Orient Green Power Share Price Target 2030
The delisting of a company’s shares from the stock exchange can have an impact on the stock price and trading activity. OGPL has been recognized for its commitment to sustainability and has received several awards for its contribution to the Indian renewable energy sector. Some of the notable awards include the “National Energy Conservation Award” in 2015 and 2016, “Best Wind Farm Operator” by the Indian Wind Energy Association in 2017, and “Excellence in Clean Energy” by the Confederation of Indian Industry in 2020. Orient Green Power share price target 2030 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2030 | ₹52 | ₹60 |
Future of Orient Green Power Share
- Government policies: The Indian government has set ambitious targets for renewable energy generation, which could provide growth opportunities for OGPL. However, changes in government policies related to renewable energy, such as changes in subsidies or regulations, could impact the company’s future prospects.
- Energy market conditions: The demand for renewable energy could be affected by various factors such as economic growth, energy prices, and technological advancements. Changes in energy market conditions could impact the demand for OGPL’s renewable energy projects.
- Competition: The renewable energy sector in India is highly competitive, and OGPL competes with various players in the market. The company’s ability to compete effectively could impact its future growth and financial performance.
- Financial performance: OGPL’s financial performance could impact its future prospects, including its ability to raise capital, invest in new projects, and pay dividends to shareholders.
- Delisting: OGPL’s delisting proposal could impact its future prospects, as the company would no longer be listed on the stock exchanges. The impact of the delisting on OGPL’s future financial performance and prospects remains to be seen.
Risk of Orient Green Power Share
Orient Green Power Limited (OGPL) carries certain risks. Here are some of the potential risks associated with investing in OGPL:
- Regulatory risk: OGPL operates in a highly regulated industry, and changes in government policies related to renewable energy, such as changes in subsidies or regulations, could impact the company’s financial performance.
- Market risk: The demand for renewable energy could be affected by various factors such as economic growth, energy prices, and technological advancements. Changes in market conditions could impact the demand for OGPL’s renewable energy projects.
- Competition risk: OGPL operates in a highly competitive industry, and the company faces competition from various players in the market. The company’s ability to compete effectively could impact its future growth and financial performance.
- Operational risk: OGPL’s operations are subject to various risks such as project delays, cost overruns, and supply chain disruptions. These risks could impact the company’s financial performance.
- Financial risk: OGPL’s financial performance could be impacted by factors such as debt levels, interest rates, and currency fluctuations.
- Delisting risk: As of September 2021, OGPL’s delisting proposal was ongoing. The delisting of a company’s shares from the stock exchange can have an impact on the stock price and trading activity. The impact of the delisting on OGPL’s future prospects and financial performance remains to be seen.
FAQs –
First Target Price of Orient Green Power in 2023 is Rs. 12 & Second is Rs. 16. OGPL operates in a rapidly changing and evolving industry, and its future prospects are subject to various internal and external factors.
Orient Green Power Share Price Prediction in 2030 is Rs.52/-
