Solar penny stock under Rs 20: Company signed Rs 40 crore EPC contract for 7 MW solar project in Tamil Nadu
The stock gave multibagger returns of 475 per cent in 5 years.
On Wednesday, shares of this LIC-backed company were trading at Rs 15.13 per share, up 0.07 per cent from its previous closing of Rs 15.12 per share with an intraday high of Rs 15.80 per share and an intraday low of Rs 14.97 per share.
The stock name is Orient Green Power Company Limited.
Orient Green Power Company Ltd. announced that its subsidiary, Delta Renewable Energy Private Limited, has signed an Engineering, Procurement, and Construction (EPC) contract with Remon Solutions Private Limited on June 11, 2025. This contract is for the development of a 7.00 MW AC (9.80 MW DC) Solar Power Project located in Tiruttani Taluk, Thiruvallur District, Tamil Nadu. The estimated development cost for this domestic project is Rs 40 crore, and it is expected to be executed within five months from the date of land registration completion.
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About the Company
Orient Green Power Company Limited is a leading renewable energy company focused on wind power generation. The company has a diversified portfolio of wind energy power plants strategically located across India, including Tamil Nadu, Karnataka and Gujarat. By developing, owning, and operating these plants, Orient Green Power can generate and sell clean, sustainable electricity to the grid.
According to Quarterly Results, the net sales increased by 14 per cent to Rs 41 crore in Q4FY25 compared to Q4FY25 and reported a net loss of Rs 15 crore in Q4FY25. In its annual results, the company reported net sales of Rs 263 crore and net profit of Rs 42 crore in FY25.
As of March 2025, Life Insurance Corporation of India (LIC) owns a 1.31 per cent stake in the company. The stock gave multibagger returns of 475 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.