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Pin to quick picksOpg Power Share News (OPG)

Share Price Information for Opg Power (OPG)

London Stock Exchange
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Share Price: 11.50
Bid: 11.00
Ask: 12.00
Change: 0.50 (4.35%)
Spread: 1.00 (9.091%)
Open: 11.50
High: 12.00
Low: 11.50
Prev. Close: 12.00
OPG Live PriceLast checked at -

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OPG faces hit from Indian power reforms

Tue, 23rd Oct 2012 09:17

OPG Power, the developer and operator of power stations in India, was off after reporting that national economic reforms in the country could have an impact on it.The government of India has announced debt restructuring assistance to State Electricity Boards (SEB), subject to them undertaking reforms on tariff and transmission losses.OPG said that many SEBs, including Tamil Nadu, had accepted the government's plans, meaning a further rise in regulated tariffs in the Tamil Nadu region was possible sometime during the remainder of the current financial year and more likely in the following year. "However as the timing and quantum of such increases cannot be reliably determined at present, the company has not adopted any further potential increases in tariff in its own estimates," OPG said. The firm also noted government reforms to improve domestic coal availability over a period of time. "The company expects limited short term impact of this upon its operations due to its coastal locations and greater fuel flexibility," OPG said."However, the removal of 5% import and counter-veiling duties on coal has had a positive effect on landed coal cost."Shares were down 1% by 09:00 on Tuesday.MM
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EARNINGS AND TRADING: Various Eateries and Luceco see sales climb

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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21 Mar 2024 10:25

OPG Power Ventures completes sale of struggling solar assets

(Alliance News) - OPG Power Ventures PLC announced on Thursday that it sold its minority stake of four solar assets in Karnataka, India totalling 62 megawatts.

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13 Dec 2023 14:15

OPG Power Ventures sees revenue surge on increased operations

(Alliance News) - OPG Power Ventures PLC on Wednesday said its interim profit and revenue jumped as operations increased.

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6 Nov 2023 10:16

OPG Power shares soar as revenue down but foundations stay "steadfast"

(Alliance News) - OPG Power Ventures PLC said revenue and profit both fell in its latest financial year thanks to "lower generation", but said its cash flows remain "robust" for the future.

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2 Oct 2023 19:42

IN BRIEF: OPG Power Ventures shares temporarily suspended

OPG Power Ventures PLC - Isle of Man-based company, which develops and operates power plants in India - Trading on AIM temporarily suspended from October 2, pending publication of the company's annual audited accounts.

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20 Jun 2023 10:58

OPG Power says annual generation affected by coal prices

(Alliance News) - OPG Power Ventures PLC on Tuesday said its annual revenue and profit are in line with market expectations, but notes higher coal prices have affected its total generation.

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7 Dec 2022 14:39

OPG Power Ventures half-year profit plummets, blames Russia's war

(Alliance News) - OPG Power Ventures PLC on Wednesday reported a slump in interim profit as revenue fell on much lower electricity generation and heightened coal prices and freight tariffs.

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25 Oct 2022 15:54

UK shareholder meetings calendar - next 7 days

Wednesday 26 October 
JPMorgan Global Growth & Income PLCAGM
KCR Residential REIT PLCAGM
International Consolidated Airlines Group SAEGM aircraft purchase
Mid Wynd International Investment Trust PLCAGM
Mirada PLCAGM
Omega Diagnostics Group PLCAGM
Thursday 27 October 
Alumasc Group PLCAGM
Anglesey Mining PLCAGM
Brooks Macdonald Group PLCAGM
City Of London Investment Trust PLCAGM
Filtronic PLCAGM
Hargreaves Services PLCAGM
National Milk Records PLCAGM
Ovoca Bio PLCAGM
PCI-PAL PLCAGM
Provexis PLCAGM
Real Good Food PLCAGM
South32 LtdAGM
TheWorks.co.uk PLCAGM
TruSpine Technologies PLCAGM
Tufton Oceanic Assets LtdAGM
Wesfarmers LtdAGM
Friday 28 October 
ITM Power PLCAGM
Kibo Energy PLCAGM
Mattioli Woods PLCAGM
Shepherd Neame LtdAGM
Tirupati Graphite PLCAGM
The Investment Co PLCAGM
Monday 31 October 
Aberforth Split Level Income Trust PLCAGM
B&M European Value Retail SAGM appointment of directors
Brown Advisory US Smaller Cos PLCAGM
City of London Investment Group PLCAGM
GSTechnologies LtdAGM
London Finance & Investment Group PLCAGM
M&C Saatchi PLCGM re takeover offer from Next Fifteen Communications
Springfield Properties PLCAGM
Superdry PLCAGM
Tavistock Investments PLCAGM
Time Finance PLCAGM
Tuesday 1 November 
Allied Minds PLCGM delisting of shares
Capita PLCGM re disposal of Pay360 Ltd
Countryside Partnerships PLCGM admission of the New Vistry Shares
JPMorgan Mid Cap Investment Trust PLCAGM
KR1 PLCAGM
Ikigai Ventures LtdAGM
Murray Income Trust PLCAGM
OPG Power Ventures PLCAGM
VietNam Holding LtdAGM
Vistry Group PLCGM Countryside acquisition
  
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3 Oct 2022 08:10

IN BRIEF: OPG Power Ventures annual profit falls on rising coal price

OPG Power Ventures PLC - private sector power projects in India - Reports lower pretax profit for year that ended March 31 of GBP13.0 million, down 40% from GBP21.6 million a year before. Cites higher coal prices in the second half, aggravated by Russia's war against Ukraine. Revenue for the period falls by 15% to GBP80.1 million from GBP93.8 million. Has no operating income classified as "other", versus GBP9.4 million a year ago.

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31 May 2022 12:26

OPG Power hires Ajit Pratap Singh as chief financial officer

(Alliance News) - OPG Power Ventures PLC on Tuesday appointed Ajit Pratap Singh as its new chief financial officer with immediate effect.

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6 May 2022 12:34

IN BRIEF: i(x) Net Zero appoints OPG Power's Dmitri Tsvetkov as CFO

i(x) Net Zero PLC - Jersey-registered investment firm focused on energy transition and sustainability - Hires Dmitri Tsvetkov as chief financial officer from July 1. Follows Tuesday's announcement of Tsvetkov's appointment as finance director from June 1. Tsvetkov was formerly CFO of OPG Power Ventures PLC. He will replace Marc Chennault as CFO. Chennault had split his time as CFO between i(x) and one of its investee companies, WasteFuel Global LLC, a sustainable transportation fuels company. Chennault will now serve as full-time CFO of Wastefuel.

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3 May 2022 14:27

EXECUTIVE CHANGES: Finance hires by Driver, Skillcast, i(x) Net Zero

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Tuesday and not separately reported by Alliance News:

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11 Mar 2022 16:26

Director dealings: Gupta family makes OPG sale-and-purchase, Kerry director sells awards

(Sharecast News) - OPG Power Ventures was at the top of the list of buyers on Friday, after it disclosed a £0.6m sale-and-purchase made by the Gupta family, of which its chairman Arvind Gupta is a member.

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23 Feb 2022 19:06

TRADING UPDATES: IPF swings to profit; Seraphine lowers outlook

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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8 Dec 2021 14:01

IN BRIEF: OPG Power Ventures profit drops on rising coal prices

IN BRIEF: OPG Power Ventures profit drops on rising coal prices

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