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Pin to quick picksOpg Power Share News (OPG)

Share Price Information for Opg Power (OPG)

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Share Price: 10.75
Bid: 10.50
Ask: 11.00
Change: 0.125 (1.18%)
Spread: 0.50 (4.762%)
Open: 10.625
High: 10.75
Low: 10.625
Prev. Close: 10.625
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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15 Oct 2014 14:57

OPG Power Ventures agrees new Chennai offtake agreement

Indian power generator OPG Power Ventures has agreed a further agreement to sell its output in Chennai to a local utility company. The AIM-listed developer and operator of power plants has agreed with the Tamil Nadu Generation and Distribution Company (Tangedco) to sell 255 megawatts (MW) at 5.50 ru

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15 Oct 2014 09:26

OPG Power Ventures Wins Tamil Nadu Power Supply Agreement

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11 Sep 2014 09:44

OPG Power Ventures Sees No Impact From Indian Coal Blocks Decision

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26 Aug 2014 09:54

OPG Power Ventures Trading In Line With Expectations In First Quarter

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6 Aug 2014 09:32

OPG Power Ventures Enters Freight Deal With Noble Chartering

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1 Jul 2014 10:31

OPG Power Completes Hydraulic Testing At Chennai IV Plant

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28 May 2014 09:57

Wednesday broker round-up UPDATE

Accesso Technology Group: Numis initiates with a target price of 690p and a buy recommendation. Alternative Networks: Westhouse Securities upgrades from add to buy with a target price of 540p. Astra Zeneca: Deutsche Bank raises target price from 3800p to 3950p and keeps a hold recommendation. AVE

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27 May 2014 09:17

Tuesday broker round-up UPDATE

African Minerals: Canaccord Genuity cuts target price from 295p to 230p and maintains a buy recommendation. AG Barr: Investec ups target price from 620p to 645p retaining an add rating. ARM Holdings: Numis increases target price from 880p to 920p keeping a hold recommendation. AVEVA Group: Invest

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21 May 2014 11:52

OPG Power Ventures Sees Significant Rise In Annual Profit

LONDON (Alliance News) - OPG Power Ventures PLC said Wednesday that it delivered a higher pretax profit in its recent financial year, boosted by a strong revenue growth and full-year contributions from several plants in India. The power generation plant operator gave a positive outlook for

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23 Apr 2014 15:29

Sector movers: Electricity stocks fall as Drax tumbles

Electricity stocks were the worst performers in London on Wednesday with Drax falling sharply after the government changed the terms of a key subsidy for conversion from coal to biomass. The government said last December that it had shortlisted two of the company's generating units at the Drax Powe

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17 Feb 2014 13:08

OPG Power Ventures Confident For Full-Year; Electricity Generation Up

LONDON (Alliance News) - Power generation plant operator OPG Power Ventures Monday said it expects to its full-year results to meet market expectations, as it generated 518 million units of electricity in the third quarter 2014 compared with 301 million units during the same period a year earlier

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28 Jan 2014 09:27

OPG Power Ventures In Long-Term Variable Tariff Deal In Tamil Nadu

LONDON (Alliance News) - OPG Power Ventures PLC Tuesday said it has entered into a long term variable tariff arrangement with the Tamil Nadu State Electricity Utility for the sale of 74 megawatts of its capacity from its 80 megawatt Chennai III unit, a move it hopes will give it greater protectio

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21 Nov 2013 11:50

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21 Nov 2013 10:00

OPG Power Ventures Shares Jump As Pretax Profit Triples In First Half

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21 Nov 2013 07:59

AIM IN BRIEF: M&C Saatchi Confirms Talks With Publicis On Walker Media

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