OPG Power Ventures reports steady operational performance

(Sharecast News) - OPG Power Ventures reported steady operational performance for the year ended 31 March, with total generation reaching 2.323 billion units and a plant load factor (PLF) of 69%, broadly unchanged from the prior year.

The AIM-traded company said it expected full-year revenue and EBITDA to be in line with market expectations, while net cash rose sharply to £13.7m from £3.6m a year earlier, reflecting a significantly improved liquidity position.

It said the moderation of coal prices during the financial year led to a decline in the average realised tariff to INR 6.92 per kilowatt-hour from INR 7.52 in the 2024 financial period, although operating margins were largely preserved due to lower input costs.

For the 2026 financial year, OPG said it expected to maintain a PLF of around 70%, supported by a diversified mix of short- and long-term power sales agreements.

The company remained optimistic about the sector outlook, citing sustained growth in India's power demand, which rose 5% year-on-year in 2025.

Thermal power continues to dominate the country's generation mix, accounting for over 73% of total output.

OPG said it was well-positioned to benefit from government plans to expand coal-based capacity and improve grid reliability, particularly as domestic coal supply reaches record levels.

The company also confirmed that ongoing regulatory proceedings had no effect on its operations and that it continues to fully cooperate with authorities.

At 1101 BST, shares in OPG Power Ventures were up 6.06% at 5.25p.

Reporting by Josh White for Sharecast.com.