Opg Power Share News (OPG)

OPG Power Ventures Extends Electricity Deal At Indian Power Plant

OPG Power Ventures posts marginal decline in revenue

OPG Power Ventures, the developer and operator of power generation plants in India, saw revenue slip in the six months ended September 30th 2012. Revenue fell 5.3% to £17.8m from £18.8m year-on-year excluding legacy assets no longer consolidated from November 2011. The group pointed out that the

OPG faces hit from Indian power reforms

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 refo

Goodwin MD ditches 5,000 shares as profits leap

Richard Goodwin, the Managing Director of Goodwin, sold just over 5,000 shares in the company on Friday, the same day the engineering and steel castings firm reported strong growth in profits. The director traded in the shares at 1,330p a pop, earnings himself £67,404 and reducing his stake to 31,3

Synergy CEO stocks up as Q1 growth limited by currency

Dr Richard Steeves, the Chief Executive Officer of Synergy Health, a provider of outsourced sterilisation services, bought himself a round of shares on the same day the firm admitted headline growth in the first quarter had been held back by currency translation with the devaluation of the euro. T

Sector movers: US jobs data sees investors flee from risk

With disappointing jobs figures from the US prompting a sell-off in global stock markets, the defensive sectors were benefitting from the risk-off environment. The US Labor Department revealed that 80,000 non-farm payrolls were added in June, less than the 100,000 expected by analysts. The jobless

OPG Power gets boost from energy regulator

OPG Power Ventures has announced that Indian energy regulator, Tamil Nadu Electricity Regulatory Commission, has sanctioned an increase in regulated tariffs with immediate effect, which OPG believes will boost its own earnings. Chief Executive Arvind Gupta said: "Recent federal budget pronouncement

OPG sees profits double

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

OPG raises £60m for Indian generating capacity

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 Se

OPG Power Ventures Gets Clearances To Start 300 MW Project

LONDON (Dow Jones)--OPG Power Ventures PLC (OPG.LN), a developer and operator of power plants in India, announced Monday the receipt of the environmental clearances, that the project is now being mobilized and that the company expects to commission the plant in the first half of 2013. MAIN FACTS

OPG Power Adds Second 77MW module To Chennai Coal Fired Unit

LONDON (Dow Jones)--OPG Power Ventures PLC (OPG.LN), a developer and operator of power plants in India, said Monday it is adding a second 77 Megawatt, or MW, module to its existing 77MW coal fired unit near Chennai, Tamil Nadu, in India. MAIN FACTS: -The Chennai facility had been conceived a

OPG Power Ventures FY Pretax Profit GBP5.45M Vs GBP6.33M

LONDON (Dow Jones)-- OPG Power Ventures PLC (OPG.LN), a developer and operator of Group Captive power plants in India, Monday reported full year pretax profit of GBP5.45 million, compared with GBP6.33 million a year earlier. MAIN FACTS: -Group revenue for the year ended March 31 GBP12.87 Mil

OPG Power Ventures Gets Approval For Kutch 2 x 150 MW Facility

LONDON (Dow Jones)--OPG Power Ventures PLC (OPG.LN), a developer and operator of Group Captive Power stations in India, said Wednesday that it has received final environmental approval in respect of the 2 x 150 MW coal fired power station under development in Kutch which means all the necessary clea

Small caps round-up: Strontium, Griffin Mining, OPG...

Professional services group Strontium increased profit after tax and exceptional items 13-fold in the six months to 31 December to £97,895. Profit on continuing activities before taxation and impairment charges rose 95% to £145,270 on revenue from continuing activities up 23% to £1.23m. "Market c

Small caps round-up: IndigoVision, Minorplanet, Highland Gold...

IP security systems provider IndigoVision said improving operating margins for the year will help operating profits for the year to finish "materially ahead" of market expectations. The group said it experienced strong sales, particularly in the final month. As a result, it estimates turnover for t