OPG Power Ventures (OPG)

Sector:

Electricity Generation and Distribution

Index:

FTSE AIM All-Share

10.10p
   
  • Change Today:
    -0.100p
  • 52 Week High: 13.50
  • 52 Week Low: 7.75
  • Currency: UK Pounds
  • Shares Issued: 400.73m
  • Volume: 357,197
  • Market Cap: £40.47m

OPG Power Ventures delivers solid FY cash generation, significantly reduces net debt

By Iain Gilbert

Date: Tuesday 22 Jun 2021

LONDON (ShareCast) - (Sharecast News) - Indian power plant operator OPG Power Ventures said on Tuesday that it had delivered "very strong cash generation" and achieved "a significant reduction in debt" during the year ended 31 March despite disruptions caused by the Covid-19 pandemic.
OPG generated a total of 2.11bn units in the year, down from 2.72bn units a year earlier due to coronavirus-related nationwide lockdowns in India, while average tariffs for the year also fell, slipping to Rs 5.52 (0.54p) from Rs 5.67 (0.55p).

Full-year plant load factor was 58%, compared with 75% a year earlier, but recovered to 75% for the final month of the trading year and topped 85% in April.

In terms of recent trading, OPG added that an additional wave of Covid-19 cases surging across India had led state governments to impose various restrictions to bring the situation under control. However, the AIM-listed firm noted that it had cause to expect a more "muted economic impact" compared to the first wave due to lockdowns being implemented more narrowly.

Chairman Arvind Gupta said: "We expect to meet the market expectations for our FY21 profit after tax and cash generation.

"We continue to work tirelessly to implement plans to limit the business disruption to OPG and the associated human, financial and commercial consequences of the second wave of Covid-19."

As of 0935 BST, OPG shares were up 0.56% at 14.28p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

OPG Market Data

Currency UK Pounds
Share Price 10.10p
Change Today -0.100p
% Change -0.98 %
52 Week High 13.50
52 Week Low 7.75
Volume 357,197
Shares Issued 400.73m
Market Cap £40.47m

OPG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
94.31% above the market average94.31% above the market average94.31% above the market average94.31% above the market average94.31% above the market average
71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average
Price Trend
50.40% above the market average50.40% above the market average50.40% above the market average50.40% above the market average50.40% above the market average
14.29% above the sector average14.29% above the sector average14.29% above the sector average14.29% above the sector average14.29% above the sector average
Income Not Available
Growth
97.31% below the market average97.31% below the market average97.31% below the market average97.31% below the market average97.31% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average

OPG Dividends

  Latest Previous
  Final Interim
Ex-Div 09-Nov-17 29-Dec-16
Paid 22-Dec-17 17-Feb-17
Amount 0.72p 0.26p

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 72,500 @ 10.10p
16:35 22,500 @ 10.10p
16:35 27,500 @ 10.10p
16:35 22,000 @ 10.10p
16:35 500 @ 10.10p

OPG Key Personnel

CEO Avantika Gupta
CFO Ajit Pratap Singh

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