Capacity Expansion
Orient Green Power Subsidiary Signs ₹62 Crore Wind Turbine Expansion LOI with Renfra Energy
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Orient Green Power Company Limited informed exchanges that its material subsidiary, Beta Wind Farm Private Limited, has executed a Letter of Intent (LOI) with Renfra Energy India Limited for supply, installation and commissioning of 6.6 MW wind turbine generators in Tamil Nadu on a turnkey basis.
PRICE-SENSITIVE TRIGGER
Event: Execution of Letter of Intent (LOI) for wind power capacity expansion.
Type: Capacity Expansion
Impact: Positive
Immediate Effect: The company’s subsidiary will expand installed wind power capacity by 6.6 MW, strengthening renewable energy generation capabilities.
Key Metrics:
- LOI Contract Value: Approximately ₹62 Crore (inclusive of GST)
- Capacity Addition: 6.6 MW
- Number of Wind Turbine Generators: 2
- Capacity per Turbine: 3.3 MW each
- Project Location: Karur District, Tamil Nadu
- Execution Timeline: On or before July 31, 2026
Highlight Metric:
- Beta Wind Farm Private Limited secured a ₹62 crore LOI for expansion of installed wind capacity by 6.6 MW.
What Happened ?
Orient Green Power Company Limited announced that its material subsidiary, Beta Wind Farm Private Limited, received approval for expansion of wind power capacity through installation of two wind turbine generators aggregating 6.6 MW in Tamil Nadu.
The company executed a Letter of Intent with Renfra Energy India Limited for supply, installation and commissioning of the turbines on a turnkey basis. The Engineering, Procurement and Construction (EPC) contract will be finalized subsequently.
The proposal was approved by the Investment/Borrowing/Banking Committee of Beta Wind Farm on May 19, 2026.
Key Details
Project Scope:
- Two wind turbine generators of 3.3 MW each will be installed.
- Total capacity expansion will aggregate to 6.6 MW.
- The project will be executed on a turnkey basis.
- Location of the project is Karur District, Tamil Nadu.
Contract Details:
- Renfra Energy India Limited is the contracting entity.
- The contract is domestic in nature.
- Approximate project value is ₹62 crore including GST.
- EPC agreement will be executed at a later stage.
Timeline:
- The project is scheduled for completion on or before July 31, 2026.
- Renfra accepted the LOI on May 19, 2026.
- Internal committee approval was received on May 19, 2026.
Note:
- The company clarified that no promoter group entity has any interest in the awarding entity and the transaction is not a related-party transaction.
Risk Analysis
Key Risks:
- Delays in EPC contract execution could postpone commissioning.
- Weather and infrastructure issues may impact project timelines.
- Renewable energy tariff and regulatory changes may affect returns.
- Capital expenditure execution efficiency will be important.
Worst Case Scenario:
- Any delay in commissioning or cost escalation could impact expected returns and defer revenue generation from the expanded capacity.
Risk Level: Medium
Company Commentary
- Beta Wind Farm Private Limited approved expansion of installed capacity by 6.6 MW.
- Renfra Energy India Limited will supply and commission two 3.3 MW wind turbines.
- The project will be executed in Karur District, Tamil Nadu.
- EPC contract formalities will be finalized subsequently.
Official Exchange Filing: Orient Green Power Company Limited