Orient Green Power Approves Mergers and Reports Record FY26 Net Profit
Orient Green Power reported its highest-ever net profit of ₹71.57 crore in FY26, a 70% YoY increase. Total income rose 13% to ₹315.57 crore. The company also received in-principle approval to merge its wholly-owned subsidiaries, Bharath Wind Farm Limited and Orient Green Power Europe B.V., into the parent company.
The approval of mergers of subsidiaries and the reporting of record profits are significant strategic and financial events that will have a substantial impact on the company's structure, operations, and financial standing.
The company reported its highest-ever net profit, significant year-on-year growth in profit and income, and received board approval for strategic mergers, all indicating positive financial performance and strategic development.
Orient Green Power Company Limited (OGPL) announced on May 11, 2026, that its Board of Directors has approved the financial results for the quarter and year ended March 31, 2026, along with an auditor's report. The company reported its highest-ever net profit in FY26, with consolidated net profit reaching ₹71.57 crore, a 70% increase year-on-year. Total income grew by 13% to ₹315.57 crore.
Key business highlights for FY26 include the commissioning of its first solar power plant in December 2025, expansion of wind capacity by 9.9 MW, and the initiation of repowering old wind turbines. Interest costs reduced by approximately 21% to ₹57.18 crore, and the company received a refund of around ₹16 crore for excess interest charged in prior years.
The Board also granted in-principle approval for the merger of its wholly-owned subsidiaries, Bharath Wind Farm Limited (BWFL) and Orient Green Power Europe B.V. (OGPE), into OGPL. These mergers are subject to shareholder and statutory approvals and are intended to simplify the group structure and reduce administrative expenses. BWFL's paid-up capital was ₹7,170.93 lakh with a turnover of ₹975.41 lakh for FY26, while OGPE has no ongoing business operations but holds investments in European step-down subsidiaries.
The Board meeting commenced at 11:00 am and concluded at 04:10 pm on May 11, 2026.
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