The Business Standard reports that Oriental Green Power Company Ltd. (OGPCL) plans to sell its shares of biomass subsidiary, Sanjog Sugars and Eco-Power Pvt. Ltd. (SSEPPL), to Soorya Eco Power Pvt Ltd (SEPPL). OGPCL holds a major stake in the company and the rest of the shares belong to SSEPPL. The subsidiary SSEPPL has been operating a 10 MW biomass plant in the Hanumangarh district of Rajasthan. With the sale, OGPCL is implementing its strategy to withdraw from biomass subsidiaries.
Photo Credit: sample biomass plant, image by ecoprog