According to reports, Orient Green Power Company has received an approval to raise funds through further issue of securities up to Rs 500 crore. The board of directors at their meeting held on May 07, 2015 has approved for the same.
The company will raise funds through Domestic/ international offerings by way of Foreign Currency Convertible Bonds (FCCB) and any other instruments, to Indian or Foreign Institutional Investors/ Foreign Mutual Funds/ Overseas Corporate Bodies/Foreigners/other Foreign parties/ Indian Financial Institutions/ Alternative Investment Funds/ Qualified Institutional Buyers/ Companies/ individuals/ other persons or investors.
Orient Green Company is leading Indian independent renewable energy-based power Generation Company focused on developing, owning and operating a diversified portfolio of renewable energy power plants. The company is the largest independent operator and developer of renewable energy power plants in India based on aggregate installed capacity.