S Venkatachalam, managing director, Orient Green Power, says out of the Rs 250 crore raised, Rs 125 crore will be used for expanding projects, while the rest will be used for retiring the high-cost bank loans and getting longer tenures which will lead to larger savings
"OGPL has raised Rs 250 crore from existing promoters Shriram Venture (SVL) and its subsidiaries & financial investors, including EW Special Opportunities Fund and Ecap Equities, through preferential allotment," the renewable energy company said in its filing.