Orient Green Power Company Limited — Important, 22-01-2025: Updates

Clarion Wind Farm Private Limited, a step-down subsidiary of Orient Green Power Company, is facing a petition filed by TANGEDCO before the Tamil Nadu Electricity Regulatory Commission. The petition seeks to revoke the company's captive generating plant status for multiple financial years, claiming that its users exceeded the defined consumption limits for captive consumption. Despite previously receiving confirmation from TANGEDCO affirming compliance with the captive status for FY 2014-15 to FY 2021-22, the recent filing comes with no advance notice. Clarion intends to defend its position confidently during the upcoming hearings. Currently, the financial implications remain unclear as no specific amount has been demanded by the petitioner, though the company is exploring potential impacts. Monitor this situation closely for updates that could affect performance and outlook.