Orient Green, the wind company which was recently in the news after signing an exclusivity deal with IL&FS while exploring a potential merger, announced its Q3 results today, showing a 46% growth in revenues for the quarter compared to the same period last year.

The company is still in the red on profits, although the firm has narrowed its losses from Rs. 109.5 crore in last year's quarter to Rs. 68 crore this Q3. The company's wind business vertical however, turned profitable. Orient is in the process of demerging the wind business and its biomass business into two separate entities, OGPL (wind) and Bio-bijlee Green Power Limited (Biomass).