Orient Green Power Company Limited — Important, 30-11-2024: Updates

Gamma Green Power Private Limited, a subsidiary, is facing a petition from Tamil Nadu Generation and Distribution Corporation (TANGEDCO) before the Tamilnadu Electricity Regulatory Commission. TANGEDCO seeks to revoke the Captive Generating Plant (CGP) status of GGPL for certain financial years ranging from 2014-15 to 2022-23, asserting that users of GGPL are not classified as captive users. The company maintains compliance with Group Captive Regulations and intends to robustly defend its position when the matter is heard. Although the notice does not specify any monetary impact, the company is investigating potential financial consequences. This development requires careful monitoring as it could affect GGPL's operational status and financial stability.