Moneycontrol
Last Updated : Jan 25, 2018 03:03 PM IST | Source: CNBC-TV18

Reduction in finance cost has improved profits, says Orient Green

Orient Green Power reported a weak set of Q3 numbers. In an interview to CNBC-TV18, S Venkatachalam, MD of the company spoke about the results and his outlook for the company.

CNBC TV18 @moneycontrolcom

Orient Green Power reported a weak set of Q3 numbers. In an interview to CNBC-TV18, S Venkatachalam, MD of the company spoke about the results and his outlook for the company.

Venkatachalam said that reduction in finance cost has improved profits.

On wind tariff front, he said that Gujarat has wind tariff of Rs 4.15 per mw.

Talking about PPA renewal, he said that Gujarat and Andhra Pradesh are 25 years of power purchase agreements, so no scope of revisiting and changing them.

We have total debt of Rs 1,660 crore; have done 5/25 scheme for around Rs 1,000 crore debt, he said.

Watch accompanying video for more details...
First Published on Jan 25, 2018 03:01 pm
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