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
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Loungers sees good start to first day of trading on AIM
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FTSE 100 closes higher after US inflation data
It comes after latest data showed that core inflation in the US was flat last month (March) while consumer spending rose
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OPG Power Ventures on course to meet full-year expectations
"We are pleased to report another strong operational performance by Chennai plant for the first nine months of FY19 and we expect to meet market profit expectations for our full FY19 results," said Arvind Gupta, the executive chairman of OP
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FTSE 100 clings on to gains as rumours swirl of visit by Theresa May to the Last Chance saloon in Strasbourg
Straight from the horse's mouth? Not really. It was the deputy head of the Irish government, Simon Coveney, who confirmed that Theresa May will fly to Strasbourg this evening “to try to finalise an agreement, if that’s possible”.
OPG Power to push on again as as it adjusts to volatile coal and freight prices
OPG owns a 414Mw capacity coal-fired power station at Chennai, Tamil Nadu
OPG Power expects a boost as coal price dips
Total production in the nine months to December rose 4.5%, with the plant running at 79% capacity
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De La Rue, Walker Cripps shares moving lower
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OPG Power Ventures boasts “strong operational performance”
"We are pleased to have continued with our strong operational performance and maximised volumes from our Chennai plant,” said Arvind Gupta, OPG chairman
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FTSE 100 closes in the red as Brexit and trade worries dampen the mood
Footsie closed the day down around 19 points at 7,016, with big miners in the losers list.
OPG Power shifts focus to Chennai and solar
Efforts in future will be directed toward the Chennai power plant and OPG’s growing solar capacity
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FTSE 100 closes lower but up on the week as Italy rattles European markets
FTSE 100 closed the day 35 points lower as the situation in Italy rattled markets
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OPG Power draws line under Gujarat power station, to focus on Chennai and solar
The news at Chennai is more encouraging as the price of seaborne coal has fallen back
FTSE 100 closes in the red as trade tariffs kick in
The UK blue-chip index lost almost 32 points at 7,458
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Imaginatik shares collapse as it ends sale process
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OPG Power Ventures sees record production in 2018 as tariffs improve for 2019
The India-focused power plant developer reported that total generation for the 2018 financial year was up 10% at 4.8bn units compared to 2017
FTSE 100 closes in the red; Carnival cruises to the bottom of the pile
The UK's index of leading shares finished down around 54 points at 7,686 on Tuesday.
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IDE appoints IT veteran Ian Smith to oversee strategic and operational review
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FTSE 100 has late flurry to close firmly higher
The UK blue-chip index had a surge near the close of play and added nearly 57 points
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Minoan Group jumps as it signs exclusivity deal for sale of Travel & Leisure division
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OPG Power Ventures highlights significant rise in power generation in third quarter
"We continue to pursue our strategy of asset maximisation and delivering responsible growth. In the last quarter we have established a new record for our operational performance," said Arvind Gupta
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Kin slumps as share suspension looms, elsewhere another ‘shell’ soars after getting deals done
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FTSE 100 ends in red after lacklustre session
The FTSE 100 extended the morning's losses toe end the day 47 points lower at 7,247
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Cadence Minerals enjoys fillip from Sonora definitive feasibility study
Cadence Minerals, which has a 9% stake in Bacanora, shot up 22% higher on good news from the latter; Bacanora rose 1.7%
OPG Power Ventures hails strong operational performance
In the six months to September 31, total generation rose to 2.39bn
FTSE 100 slips slightly to close in the red after swinging between gains and losses
The FTSE 100 finally gave up and settled in the red, albeit slightly down ahead of BoE's monetary policy decision on Thursday
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Yellen & Co in focus as Fed looks set to raise rates; TUI, Dixons Carphone, Bellway to update
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OPG Power Ventures appoints new CFO and deputy chairman
Dmitri Tsvetkov will replace V. Narayan Swami as chief financial officer, while Jeremy Warner Allen will take over from Martin Gatto as non-executive deputy chairman
FTSE 100 closes higher as sterling weakens against US dollar; Barclays plunges
The UK blue chip index closed down over 39 points at 7.486.
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Lloyds, Barclays and RBS under the microscope with release of third quarter earnings
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Pantheon Resources provides manna to the "Bombed Out" virtual portfolio
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Carillion shares crash as it finally publishes delayed results
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OPG Power expects year of realignment after coal price spike
Electricity generated from its two sites in the provinces of Gujarat and Tamil Nadu rose by 30% to 4.4bn units as new capacity came fully on stream.
OPG Power's 2017 earnings in line with forecasts, 2018 to be impacted by higher coal prices
In the three months to June 30, total generation was 1.25bn units, up 27%
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FTSE 100 closes higher as traders enjoy 'quiet in the storm'
London's FTSE 100 was trading steadily in Wednesday afternoon's exchanges.
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Solar concerns overplayed at OPG Power Ventures suggests broker
The broker has left its estimates unchanged as it expects coal prices, the main cost for OPG, to remain flat in dollar terms.
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Styles&Wood Group heads higher on chipper outlook
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OPG Power Ventures back on an even keel
"We see this statement as evidence that the company has overcome the one-off events in Q3," said Cantor Fitzgerald
FTSE 100 closes lower as election worries dent sentiment
The FTSE 100 closed down 6.56, or 0.09% to 7,519...
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Record highs for stock markets could prove a boon for trading at IG Group
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Webis sales rise not enough to offset margin concerns
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OPG Power Ventures performance in line with expectations
The India-focused generator recently paid a maiden dividend.
FTSE 100 shares tip higher, engineers in vogue ahead of Trump card
FTSE 100 stocks ended on a high on Tuesday after rangebound trading for much of the session, with engineers leading light gains
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Case for OPG Power not dented by one-off events says Cantor
OPG’s Chennai plant will see load factors normalise from February.
OPG Power Ventures pays maiden dividend
Turnover was £117.7mln for the six months ended September, while EBITDA is up 81% to £42.1mln.
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BRC to reveal impact of Black Friday 'week'
“Significantly, an increasing amount of Black Friday purchases are occurring on the internet, so retailers are benefiting to varying degrees.“
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OPG Power Ventures powering up in India
During its last fiscal year, OPG generated a record 3.2 billion units of electricity.
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Boardroom reshuffle at OPG Power
Non-executive chairman Munish Gupta will retire from the board after the next shareholder meeting in October
OPG spells out dividend policy as annual profits rise strongly
Having already said it would make a payout in calendar 2016, the company said the plan is to distribute around 15% of net earnings.
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