Orient Green with profits in Q2/2016

Indian energy company Orient Green has achieved a profit after tax (PAT) of RS 829 crore (EUR 114 million, exchange rate as of 8 December 2016) in its second quarter after a 3-year streak of losses. According to The Economic Times, the company had a net loss of RS 227 crore in Q2/2015, while consolidated losses for 2015 to 2016 amounted to RS 340.3 crore. The PAT is the company’s highest quarterly and half-yearly profit in history. As already reported, Orient Green has about 100 MW of installed biomass capacity.

Picture credit: Kapilbutani, Biomass Pellets from India – White coal., CC BY-SA 3.0

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