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Pin to quick picksOpg Power Share News (OPG)

Share Price Information for Opg Power (OPG)

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OPG sees profits double

Mon, 15th Aug 2011 16:13

OPG, the developer and operator of power plants in India, saw profits before tax double in the year to 31 March 2011.The firm recorded profits before tax of £11.16m - an increase of 105% on the previous year.Revenues also sky-rocketed, up 188% to £33.15m, driven partly by the opening of its coal-fired plant Chennai 1, which is operated and managed by the Tata Power Company. M.C.Gupta, chairman of OPG, said the firm continued to benefit from a shortage of reliable power supplies in India. "With the planned additional supply likely to fall acutely short of the 300-315 GW required in the next five years, we believe this dynamic will prevail and prices will remain firm," he said.Adam Forsyth at Matrix Group said the full-year results were a little behind expectations but did not justify the 40% fall in the comapny's shares since the peak in late January."We think there is nothing here to justify the sell-off in the shares and wethink is largely technical with buyer appetite sated by [a] placing in February," he said. "If the company can make visible progress on its development pipeline there is scope for a substantial rebound," he said.
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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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