India, Sept. 30 -- The Noida-based renewable energy company behind the TrueRE brand has reached a fresh milestone in its plan to recycle capital. After months of filings with the exchange, one of its subsidiaries has now moved from a signed agreement to an actual payment. The step comes as the group reports sharply higher revenue and profit for the year, yet also carries a heavier debt and interest load. Here is what it means for the balance sheet and the group's next projects.

Shares ofOriana Power Ltd are trading at Rs. 320.00, up 0.88 percent on Wednesday. The stock touched the intraday high of Rs. 327.00 after opening at Rs. 315.55 before slipping to a low of Rs. 315.55. The company commands a market capitalization of Rs. 3,251.06 c...