Company
OPG Power Ventures PLC
LON:OPG
OPG operates and develops power generation assets in India and currently has 414 MW in operation principally under the group captive model and 62MW of Solar assets. OPG has been listed on the AIM market of the London Stock Exchange since May 2008 and since listing in 2008, the Company has grown from 20 MW of generating capacity to 476 MW, consistently delivering strong results as well as growth. In our view India provides exciting and dynamic opportunities in our sector given its low and rising per capita consumption of electricity as well as India’s overall economic growth estimates. With its track record of engineering, operations and financial management, OPG is well positioned to play a part in this growing sector.
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OPG Power Ventures shares climb after trading update
Notwithstanding the volatility in coal prices and freight, the company's medium-term and long-term fundamentals remain unchanged
OPG Power says to resume dividend, unveil ESG initiatives as electricity demand in India recovers
"Based on the performance in the first nine months of FY21 we expect to meet the market expectations for our FY21 results"
OPG Power Ventures boosts profits and earnings, in spite of coronavirus headwinds
Units produced by the plant in Chennai rang in at 0.83bn
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OPG Ventures posts 9.5% rise in revenue in its final results for the year ended March 31, 2020
The AIM-listed firm posted full-year revenue of £154.0mln, up from £140.6 million in 2019 as total generation (including deemed) rose to 2.72 billion units
OPG Power Ventures granted extension for reporting 2020 results
The company said it expects to release results for the year ended March 31, 2020, by mid-October
OPG Power Ventures denies Chennai plant sale report
In a statement, the Aim-listed firm said there was no basis for the reports
OPG Power Ventures sees tariff boost in past year as generation ticks up; still cautious on impact of coronavirus lockdown
The group said the average tariff in the year to end-March was Rs5.67, up 4.8% on the previous year’s Rs5.41 figure, which reflected a full years impact of tariff increases in October 2018 for captive users
OPG Power Ventures sees reduced demand in the face of coronavirus shutdowns
Demand has dropped as customers are shutting down their own operations
OPG Power boasts “strong performance” against declining demand
"We are pleased to report another strong operational performance for the first nine months of FY20," said chairman Arvind Gupta
OPG Power Ventures shares boosted by interim results
The power firm continues to be profitable and it is cutting its debt levels.
OPG Power Ventures replaces NEDs
N Kumar, previously president of Confederation of Indian Industry, will join the board next month
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OPG Power Ventures reveals strong financial performance
"The outlook for the Indian economy in general and the power sector in particular continues to be buoyant,” said Arvind Gupta, executive chairman.
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OPG Power shares up as it hedges price of 60% of coal requirement
Imported coal is one of the main raw materials for the Chennai power plant
OPG Power keeps profits in line as coal prices soften
New hedging contracts provide "greater visibility" on future financial performance