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Share Price Information for Opg Power (OPG)

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Share Price: 10.75
Bid: 10.50
Ask: 11.00
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OPG raises £60m for Indian generating capacity

Fri, 04th Feb 2011 18:59

OPG Power Ventures has raised £60m at 93p a share to finance additional generating capacity in India. OPG has 107MW of generating capacity in operation and it will have enough cash to build a further 555MW of capacity. There was still £17m of unrestricted cash in the balance sheet at the end of September. OPG's target is to have 1,250MW operational by 2015. Demand for power in India is growing fast. Industrial production rose by an annualised figure of 9% according to the latest data. However, new generating capacity is coming on stream more slowly than the Indian government had hoped. This has created power deficits. During the six months to September 2010, the existing capacity has realised prices of around Rs 4.80 per KWh. Group revenue grew 56% to £8.95m and the profit improved from £3.52m to £4.06m. OPG has already begun work on 383MW of new capacity. It has also bought 120 acres of land in Karnataka with potential for the construction of a 250-300MW power station. There is already a partially constructed 12MW thermal power plant on the land. OPG has signed a memorandum of understanding with the Gujarat government for the development of 5,400MW of generation capacity, including 1,400MW of gas-based capacity.The share price has risen by 22.5% over the past month. It closed at 98p, prior to the announcement of the placing. The twelve month high is 110p. OPG joined AIM at 60p a share on 30 May 2008.
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11 Mar 2019 11:36

OPG Power Ventures confirmed restart of Chennai unit

(Sharecast News) - OPG Power Ventures updated the market on its Chennai plant on Monday, having previously confirmed that the 180 MW 'unit IV' was shut down while turbine repairs were undertaken.

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11 Mar 2019 09:54

OPG Power Ventures Restarts Operations At Chennai Unit IV

LONDON (Alliance News) - OPG Power Ventures PLC on Monday said it restarted operations at Unit IV of the Chennai plant in India after repairs were completed.OPG shares were trading up 9.6%

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28 Feb 2019 12:14

OPG Power Ventures Confident As Chennai Power Plant Does Well

LONDON (Alliance News) - OPG Power Ventures PLC shares rose Thursday as the company reported "another strong" operational performance from its plant in Chennai, India.Shares were

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28 Feb 2019 09:43

OPG Power production gets a boost from improved performance at Chennai plant

(Sharecast News) - Power plant operator OPG Power Ventures witnessed a 4.5% production increase in the first nine months of its trading year, predominately driven by an improved performance from its 414-megawatt plant in Chennai.

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27 Nov 2018 10:38

OPG Power Interim Profit Rises On Higher Industrial Client Demand

LONDON (Alliance News) - OPG Power Ventures PLC on Tuesday reported a jump in profit in the first half of its current financial year, thanks to the rise in electricity price and higher generation

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27 Nov 2018 10:32

OPG Power's revenue and profit climb on cheaper coal

(Sharecast News) - OPG Power Ventures' interim revenue climbed on Tuesday after a "strong operational performance" saw an increase in the company's power generation.

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3 Oct 2018 17:15

DIRECTOR DEALINGS SUMMARY: OPG Power Deputy Chairman Buys Shares

LONDON (Alliance News) - The following is a summary of director dealings reported in London on Wednesday.----------OPG Power Ventures Non-Executive Deputy Chairman Jeremy Allen in

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3 Oct 2018 16:25

DIRECTOR DEALINGS: OPG Power Ventures Deputy Chairman Buys Shares

LONDON (Alliance News) - OPG Power Ventures PLC said Non-Executive Deputy Chairman Jeremy Allen purchased shares worth GBP83,891 in the power plants development firm in two separate a transaction

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24 Sep 2018 10:48

WINNERS & LOSERS SUMMARY: Thomas Cook Slumps After Profit Warning

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Monday.----------FTSE 100 - WINNERS----------Sky,

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24 Sep 2018 09:41

OPG Power Venture Shares Plummet By Quarter As Swings To Annual Loss

LONDON (Alliance News) - OPG Power Ventures PLC on Monday said it swung to a loss in its most recent financial year, as a result of higher coal prices and large provision related to its exit from

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30 May 2018 12:22

OPG Power Ventures Non-Executive Director Ravi Gupta Steps Down

LONDON (Alliance News) - OPG Power Ventures PLC said Wednesday that Non-Executive Director Ravi Gupta stepped down from the board with effect from Tuesday.Gupta served on the board for 10

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9 Sep 2016 08:01

OPG Power Ventures Chairman To Leave; London 2012 Tsar To Join Board

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1 Aug 2016 12:14

OPG Power revenue and earnings ahead as chairman steps down

(ShareCast News) - Developer and operator of power generation assets in India, OPG Power Ventures, announced its preliminary results for the year ended 31 March on Monday. The AIM-traded firm said there was 80 MW of new capacity commissioned in the year, bringing the total operating capacity to 750

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1 Aug 2016 08:59

OPG Power Chairman To Retire After Committing To Maiden Dividend

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25 Jul 2016 15:11

UK Earnings, Trading Statements Calendar - Next 7 Days

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