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OPG Power Ventures ( (GB:OPG) ) just unveiled an update.
OPG Power Ventures reported a 24.4% increase in revenue to £86.9 million for the first half of fiscal year 2025, attributed to enhanced operations at its Chennai plant. The company saw a significant rise in electricity generation and plant load factor, leading to stronger financial performance and a substantial increase in net cash position. Despite an ongoing investigation by the Directorate of Enforcement for alleged regulatory violations, OPG remains committed to compliance and cooperation with authorities. The company is poised to capitalize on India’s growing energy demands, driven by economic growth, to generate sustainable revenue and explore new growth opportunities in energy transition.
More about OPG Power Ventures
OPG Power Ventures plc is a developer and operator of power generation assets in India, focusing on supplying electricity through long-term and short-term contracts with state electricity boards. The company benefits from the stability in coal prices, which helps maintain its profit margins.
YTD Price Performance: -53.24%
Average Trading Volume: 712,960
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £20.24M
Find detailed analytics on OPG stock on TipRanks’ Stock Analysis page.
