NSECredit Rating9 Sept 2026 · 9 Sept 2026, 10:12 am

Credit Rating

Orient Green Power Company Limited · GREENPOWER

✦ AI SummaryRating Change

Orient Green Power Company Limited's subsidiaries, Beta Wind Farm Private Limited and Delta Renewable Energy Private Limited, have been assigned a credit rating of ICRA BBB (Stable) by ICRA Limited for their debt facilities.

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Earnings Impact0/10
Growth Catalyst0/10
Governance Concern0/10
Regulatory Risk0/10
Balance Sheet Risk0/10
Liquidity Impact0/10
Market Sentiment0/10

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Full Announcement

Orient Green Power Company Limited has informed the Exchange about Credit Rating

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GREENPOWER_09092026101153_SEIntimationbeta_and_Delta.pdf

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September 09, 2026 The BSE Limited The National Stock Exchange Corporate Relations Department, of India Limited P.J. Towers, Dalal Street, Department of Corporate Services, Mumbai-400 001. Exchange Plaza, 5th Floor, Bandra-Kurla Scrip Code: 533263 Complex, Mumbai-400051. Scrip Code: GREENPOWER Respected Sir/Ma’am, Sub: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Credit Rating Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), we would like to inform you that the ICRA Limited (“ICRA”) has assigned the rating of ICRA BBB (Stable) in respect of the company’s subsidiaries M/s. Beta Wind Farm Private Limited (“BETA”, Material Subsidiary Company) and Delta Renewable Energy Private Limited (“DELTA”, Subsidiary Company) debt facilities. The ratings assigned are considered to have moderate degree of safety regarding timely servicing of financial obligations. The details are as follows Subsidiary Facility Bank Rs. Crores Rating Long Term Fund Indian Renewable Energy BETA 458.63 Based Term Loan Development Agency Limited Long Term Fund ICRA BETA Proposed Limits 51.37 Based Proposed Limits BBB Long Term Fund (Stable), DELTA HDFC Bank Limited 21.00 Based Term Loan Assigned Long Term DELTA Unallocated Limits 64.00 Unallocated Limits Please take note of the above information for your records. Thanking you, Yours faithfully, For Orient Green Power Company Limited G. Srinivasa Ramanujan Company Secretary & Compliance Officer ICRA/BETA WIND FARM PRIVATE LIMITED/08092026/1 Date: September 08, 2026 Ms. J Kotteswari BETA WIND FARM PRIVATE LIMITED Bascon Futura SV, 4th Floor, No. 10/1, Venkatanarayana Road, T.Nagar, Chennai - 600017, Tamil Nadu Dear Madam, Re: ICRA’s Credit Rating for below mentioned Instruments of BETA WIND FARM PRIVATE LIMITED As per the Rating Agreement/Statement of Work executed with ICRA Limited, ICRA’s Rating Committee has taken the following rating actions for the mentioned instruments of your company. Rated Amount Instrument Rating Action1 Financial Sector Regulator# (Rs. crore) Long-term fund-based term 458.63 [ICRA]BBB (Stable); Assigned RBI loan Long-term fund-based RBI 51.37 [ICRA]BBB (Stable); Assigned proposed limits Total 510.00 #SEBI’s grievance redressal/dispute resolution and SEBI investor protection mechanisms such as SCORES and ODR shall not be available for activities and instruments which fall under the regulatory purview of Financial Sector Regulators other than SEBI. The aforesaid rating will become due for surveillance within one year from the date of rating communication letter. However, ICRA reserves the right to review and/or, revise the above rating at any time based on new information becoming available, or the required information not being available, or other circumstances that ICRA believes could have an impact on the rating. Therefore, request the lenders and investors to visit ICRA website at www.icra.in for latest rating of the company. The rating is specific to the terms and conditions of the instruments as indicated to us by you, and any change in the terms or size of the same would require a review of the rating by us. In case there is any change in the terms and conditions or the size of the rated instrument, the same must be brought to our notice before the instrument is used by you. In the event such changes occur after the rating have been assigned by us and their use has been confirmed by you, the rating would be subject to our review, following which there could be a change in the rating previously assigned. Notwithstanding the foregoing, any change in the over-all limit of the instrument from that specified in this letter, would constitute an enhancement that would not be covered by or under the said Rating Agreement. The rating assigned must be understood solely as an opinion and should not be treated, or cause to be treated, as recommendation to buy, sell, or hold the rated instrument availed/issued by your company. You are also requested to forthwith inform us about any default or delay in repayment of interest or principal amount of the instrument rated, as above, or any other debt instruments/ borrowing and keep us informed of any other developments which may have a direct or indirect impact on the debt servicing capability of the company including any proposal for re-schedulement or postponement of the repayment programmes of the dues/ debts of the company with any lender/ investor, or occurrence of any significant development that could impact the ability of the company to raise funds such as restriction imposed by any authority from raising funds through issuance of debt securities through electronic bidding system. Further, you are requested to inform us immediately as and when the borrowing limit for the instrument rated, as above, or as prescribed by the regulatory authority(ies) is exceeded. 1 Complete definitions of the ratings assigned are available at www.icra.in. ICRA Limited Registered Office: B-710, Statesman House, 148, Barakhamba Road, New Delhi 110001. Tel. +91-11-23357940-41 Building No. 8, 2nd floor, Tower A, DLF Cyber City, Phase II, Gurugram-122002 www.icra.in info@icraindia.com +91-93547-38909 +0124-4545300 CIN: L74999DL1991PLC042749 We look forward to your communication and assure you of our best services. With kind regards, Yours sincerely, For ICRA Limited Digitally signed ANKIT by ANKIT JAIN Date: 2026.09.08 JAIN 12:21:25 +05'30' Ankit Jain Vice President - Analytical ankit.jain@icraindia.com Sensitivity Label : Internal Annexure Details of Bank Limits Rated by ICRA Amount (Rs. crore) Rating Rating Assigned On (Rated on Long-Term Scale) Indian Renewable Energy Aug 27, 2026. Development Agency Limited - Term 458.63 [ICRA]BBB (Stable) loan Long-term fund-based proposed Aug 27, 2026. 51.37 [ICRA]BBB (Stable) limits Total 510.00 ICRA/Delta Renewable Energy Private Limited /08092026/1 Date: September 08, 2026 Ms. J Kotteswari Delta Renewable Energy Private Limited Bascon Futura SV, 4th Floor, No. 10/1, Venkatanarayana Road, T.Nagar, Chennai - 600017, Tamil Nadu Dear Madam, Re: ICRA’s Credit Rating for below mentioned Instruments of Delta Renewable Energy Private Limited As per the Rating Agreement/Statement of Work executed with ICRA Limited, ICRA’s Rating Committee has taken the following rating actions for the mentioned instruments of your company. Rated Amount Instrument Rating Action1 Financial Sector Regulator# (Rs. crore) Long term fund based term 21.00 [ICRA]BBB (Stable); assigned RBI loan Long term unallocated limits 64.00 [ICRA]BBB (Stable); assigned RBI Total 85.00 #SEBI’s grievance redressal/dispute resolution and SEBI investor protection mechanisms such as SCORES and ODR shall not be available for activities and instruments which fall under the regulatory purview of Financial Sector Regulators other than SEBI. The aforesaid rating will become due for surveillance within one year from the date of rating communication letter. However, ICRA reserves the right to review and/or, revise the above rating at any time based on new information becoming available, or the required information not being available, or other circumstances that ICRA believes could have an impact on the rating. Therefore, request the lenders and investors to visit ICRA website at www.icra.in for latest rating of the company. The rating is specific to the terms and conditions of the instruments as indicated to us by you, and any change in the terms or size of the same would require a review of the rating by us. In case there is any change in the terms and conditions or the size of the rated instrument, the same must be brought to our notice before the instrument is used by you. In the event such changes occur after the rating have been assigned by us and their use has been confirmed by you, the rating would be subject to our review, following which there [Showing first 8,000 characters — download PDF for full document]