Last checked at 14 Jul 2016 12:44
14 July 2016
Â
OPG Power Ventures Plc
Â
Notice of FY16 Final Results
Â
OPG Power Ventures Plc ("OPG", the "Group" or the "Company"), (AIM: OPG), the developer and operator of power generation facilities in India, is pleased to announce that its preliminary results for the year ended 31 March 2016 will be issued on Monday, 1 August 2016.
Â
For further information on the Company, please visit www.opgpower.com or contact:
Â
OPG Power Ventures PLC Arvind Gupta / V Narayan Swami  |  +91 (0) 44 429 11 211 |
Investor Relations Ajay Paliwal/Pooja Maru  |  +44 (0) 20 7850 7070 |
Cenkos Securities (Nominated Adviser & Broker) Stephen Keys / Camilla Hume | Â +44 (0) 20 7397 8900 Â |
Macquarie Capital (Europe) Limited (Joint Broker) Raj Khatri / Nick Stamp  |
+44 (0) 20 3037 2000 |
Tavistock (Financial PR) Simon Hudson / James Collins | Â +44 (0) 20 7920 3150 |
Â
About OPG
OPG operates and develops power generation related assets in India, principally under the group captive model and currently has 750 MW of thermal power generation assets in operation. It aims to be recognised as a sector leader for the quality of its earnings, the growth it delivers and its performance against its own safety and environment management standards. For the next phase of growth, OPG has set a target to build at least 300 MW of solar energy projects in India in the next three years and its asset base will increasingly replicate India's forecast energy generation mix.
Â
In the six months ended 30 September 2015, according to its unaudited results for the period, the Company generated revenues of approximately £56 million, EBITDA of £23.25 million and earnings per share of 3.41 pence. OPG is listed on the Alternative Investment Market ("AIM") of the London Stock Exchange and trades with a ticker symbol "OPG.L".
Â
-ends-