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Results: Orient Green Power Company posts consolidated loss of Rs 42.64 cr in March quarter
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Orient Green Power Company Ltd (OGPL) on Friday reported a consolidated loss of Rs 42.64 crore in the March quarter, mainly due to lower revenues.
The company had reported a consolidated net profit of Rs 20.91 crore in the quarter ended March 31, 2020, according to a regulatory filing.
Total income in the quarter dipped to Rs 39.08 crore, from Rs 114.51 crore in the same period a year ago.
The consolidated net loss of the company in 2020-21 stood at Rs 57.01 crore, whereas it had posted a profit of Rs 19.88 crore in 2019-20.
Wind Power Market Eyeing Remarkable Growth at a healthy 10.37% CAGR | Market Research Future (MRFR)
The prominent players profiled include Bergey Wind Power (US), Goldwind (China), Siemens Gamesa Renewable Energy SA (Spain), DNV GL (Norway), Indowind (India), Orient Green Power Company Limited (India), Wind World Limited (India), Senvion SA (Germany), General Electric (US), and Vestas (Denmark), among others.
/EIN News/ Pune, Feb. 08, 2021 (GLOBE NEWSWIRE) Wind Power Market Analysis/ Wind Power Market Trends
The global
wind power industry is highly lucrative and predicted to witness significant growth at a healthy 10.37% CAGR over the forecast period (2019- 2026), reveals the Market Research Future (MRFR) report. Wind power, simply put, is a process where the wind is used for generating electricity. It uses air flow through turbines to create a clean energy source across the globe. Wind power helps in converting kinetic energy into mechanical power with the help of tur