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Board of Orient Green Power approves expansion plan in green energy sector
January 4: Orient Green Power Company, a Shriram Group Company, is considering to expansion of its business into the green energy sector as it aims to maximise existing assets. The company in its board meeting held on December 23 said that it would be exploring hybrid solutions and have a mix of solar and wind […]
January 4: Orient Green Power Company, a Shriram Group Company, is considering to expansion of its business into the green energy sector as it aims to maximise existing assets.
The company in its board meeting held on December 23 said that it would be exploring hybrid solutions and have a mix of solar and wind energy farms at its existing locations. The board also discussed opportunities available in green energy worldwide. The focus of the government on the renewable energy sector provides ample opportunity for the company to expand its portfolio.
The board also took into consideration the updates on the progress on rights issue. They also deliberated on the enhancement of value to stakeholders.
Company’s Managing Director also explained the prospects of the business to expand upto 1 GW in renewable energy in the next two to three years.
