Orient Green Power Company Limited — Others, 08-05-2025: Monitoring Agency Report

Orient Green Power has announced a Monitoring Agency Report from Crisil Ratings confirming that the Rs 250 Cr raised via Rights Issue has been utilized as planned. Major investments were made in its subsidiary Delta Renewable Energy for a 25 MW solar project in Tamil Nadu, along with repayments and fresh unsecured loans to subsidiaries, partial security deposits for lease commitments, and general corporate purposes. Rs 143.47 Cr remains unutilized, earmarked primarily for the solar project, expected to be spent in FY25-26. Interest income from fixed deposits on unutilized funds was also earned. There are no delays impacting project viability.