GREENPOWER
Orient Green Power Company Limited (greenpower) Credit Rating Upgraded by Crisil
Orient Green Power Company Limited (GREENPOWER) announces a credit rating upgrade for its subsidiary Beta Wind Farm by CRISIL.
Orient Green Power Company Limited (OGPCL), a leading renewable energy producer in India, announces that rating agency CRISIL Ratings Limited has upgraded the credit ratings for its material subsidiary, Beta Wind Farm Private Limited (BETA). This upgrade is a one-notch improvement from the CRISIL BBB-/Positive assigned earlier. This revision reaffirms the rating assigned by ICRA Limited to BETA on September 08, 2026.
Rating Improvement
The upgrade is assigned after considering the healthy operational performance resulting from improved generation and cash accruals while strengthening the debt servicing capacity of BETA. CRISIL upgraded the rating of BETA to CRISIL BBB/Stable on the Rupee term loan facility of Rs. 617.79 crore availed from Indian Renewable Energy Development Agency Limited (IREDA). The outstanding IREDA amount as on date stands at Rs. 456.68 crores (Rs.478.74 crores as on March 31, 2026).
Credit Ratings Summary
The summary of credit ratings assigned by CRISIL includes:
- Rupee Term Loan from Indian Renewable Energy Development Agency Limited (IREDA) – Rs. 187.00 crores with CRISIL BBB/Stable rating (upgraded from CRISIL BBB-/Positive)
- Rupee Term Loan from Indian Renewable Energy Development Agency Limited (IREDA) – Rs. 430.79 crores
Ratings with ‘CRISIL BBB’ status indicate a moderate degree of safety regarding the timely servicing of financial obligations. This upgrade highlights OGPCL’s commitment to maintaining robust operational performance and financial health.
For further information, please contact the Investor Relations Desk of Orient Green Power Company Limited at [email protected] or visit their website at www.orientgreenpower.com.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Orient Green Power Company Limited
Orient Green Power Company Limited belongs to the Utilities › Utilities – Independent Power Producers sector. Here’s a quick read on where the business and the stock stand today.
Orient drops 18.9% over three months and trades near its 52-week lows. The PEG of 0.62 signals undervaluation relative to growth. It is a potential re-rating candidate. Margins at 22.3% are impressive but need to be sustained — any compression would be a red flag. The stock sits at 16% of its 52-week range, close to annual lows. Historically, value investors build positions at these levels — though cheap stocks can stay cheap. Revenue grows at 4.3% and the stock moves sideways over three months. Neither side makes a strong case. The next earnings print will likely break this stock out of its current range. Check Fundamentals of Orient Green Power Company Limited.
GREENPOWER
Orient Green Power Company Limited (greenpower) Receives BBB Rating for Subsidiaries
Orient Green Power Company Limited (GREENPOWER) announces ICRA assigns BBB rating to subsidiaries, reinforcing financial strength.
Orient Green Power Company Limited (OGPCL), a leading renewable energy producer in India, announces that rating agency ICRA Limited has assigned the credit ratings for its operating subsidiaries, Beta Wind Farm Private Limited and Delta Renewable Energy Private Limited. This development reinforces the company’s financial strength and sustainable growth.
Beta Wind Farm Private Limited
Beta Wind Farm, a key subsidiary of OGPCL, operates 241.6 MW of wind energy projects across Tamil Nadu, Andhra Pradesh, Gujarat, and Karnataka. ICRA has assigned an ICRA BBB (Stable) rating for Beta’s existing loan facility of Rs. 458.63 Crore, marking a one-notch improvement from the CRISIL rating. Additionally, ICRA assigned the same ICRA BBB (Stable) rating for Beta’s proposed 6.6 MW wind power expansion, supporting its long-term growth plans.
Delta Renewable Energy Private Limited
Delta Renewable Energy has commissioned 7 MW of solar power capacity and is completing another 18 MW solar capacity funded through rights issue proceeds. ICRA reviewed Delta’s existing Rs. 21 Crore loan and proposed Rs. 64 Crore loan, assigning an ICRA BBB (Stable) rating to both facilities. This rating reflects the company’s strong revenue visibility from long-term Power Purchase Agreements (PPAs) and a comfortable debt coverage.
As a result, OGPCL’s consolidated debt has been reinforced, showcasing its commitment to sustainable growth and financial stability in the renewable energy sector.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Orient Green Power Company Limited
Orient Green Power Company Limited belongs to the Utilities › Utilities – Independent Power Producers sector. Here’s a quick read on where the business and the stock stand today.
Orient drops 17.6% over three months and trades near its 52-week lows. The PEG of 0.62 signals undervaluation relative to growth. It is a potential re-rating candidate. Margins at 22.3% are impressive but need to be sustained — any compression would be a red flag. RSI stands at 31, well into oversold territory. Yet sellers still dominated on 20 of recent sessions versus 9 for buyers, so the pressure has not fully lifted. Revenue grows at 4.3% CAGR — a respectable pace. However, the stock drops 17.6% in three months without an obvious fundamental trigger. Sector-wide pressure or a valuation re-rating can persist for longer than expected. Therefore, there is no rush to step in. Check Fundamentals of Orient Green Power Company Limited.
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