Orient Green Power Company Ltd to provide guarantee for loan sanctioned to subsidiary

Beta Wind Farm Private Limited (BETA), Subsidiary of Orient Green Power Company Limited had got sanction from Indian Renewable Energy Development Agency Limited (IREDA) for refinancing the existing term loan and working capital facilities amount to Rs. 721.21 Crores and an additional term loan facilities amount to Rs. 4.90 Crores at the rate of interest of 9.40%, for which Orient Green Power Company Limited (OGPL) is extending a corporate guarantee and providing security on behalf of Beta Wind Farm Private Limited for Rs. 726.11 Crores as against the earlier guarantee provided to an extent of Rs. 1,330.02 Crores.

Shares of Orient Green Power Company Limited was last trading in BSE at Rs. 9.20 as compared to the previous close of Rs. 9.07. The total number of shares traded during the day was 1210430 in over 1958 trades.

The stock hit an intraday high of Rs. 9.30 and intraday low of 8.73. The net turnover during the day was Rs. 10940876.00.

Source : Equity Bulls

Keywords

OrientGreenPowerCompany INE999K01014 CorporateGuarantee BetaWindFarm