Last checked at 
LONDON (Alliance News) - OPG Power Ventures PLC, the India-focused power company, said Thursday that the judgement handed down in India regarding the allocation of coal blocks would not have any impact on its operations.
The Supreme Court of India ruled the process used to allocate coal blocks in the country since July 1993, overseen by the Indian government, was illegal and arbitrary. The 218 blocks, many of which are not operational, were allocated to both public- and private-sector companies.
OPG said it was not impacted by the developments, as no coal blocks have been allocated to the company and, therefore, it does not own nor operate any domestic coal blocks in India.
The company said around a third of its coal currently comes from domestic sources, and it is continuing to receive the quantities of coal agreed upon from Coal India Ltd.
OPG shares were up 0.1% to 94.842 pence on Thursday.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
Copyright 2014 Alliance News Limited. All Rights Reserved.