Orient Green Power rises as net loss narrows in Q3

Orient Green Power Company advanced 2.17% to Rs 13.21 at 12:05 IST on BSE after the company reported consolidated net loss of Rs 51.08 crore in Q3 December 2017, lower than net loss of Rs 69.66 crore in Q3 December 2016.

The result was announced after market hours yesterday, 24 January 2018.

Meanwhile, the S&P BSE Sensex was down 96.67 points or 0.27% at 36,064.97. The S&P BSE Small-Cap index declined 0.09%, outperforming the Sensex.

On the BSE, 4.93 lakh shares were traded on the counter so far as against average daily volumes of 3.59 lakh shares in the past one quarter. The stock had hit a high of Rs 14.05 and a low of Rs 12.13 so far during the day. The stock had hit a 52-week high of Rs 17.29 on 5 January 2018 and a 52-week low of Rs 7.90 on 27 June 2017.

The small-cap company has equity capital of Rs 739.80 crore. Face value per share is Rs 10.

Orient Green Power Company's consolidated net sales rose 1.4% to Rs 56.09 crore in Q3 December 2017 over Q3 December 2016.

Orient Green Power Company is an independent operator and developer of renewable energy power plants in India. Currently, its portfolio includes biomass, biogas, wind energy and small hydroelectric projects at various stages of development.

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